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Basis of Presentation and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows:

						June 30, 2023						December 31, 2022
						(In thousands)
Cash and cash equivalents						$	33,861					$	35,244
Restricted cash and cash equivalents						2,987						2,928
Restricted cash and cash equivalents included in Other Assets						2,731						2,818
Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statement of cash flows						$	39,579					$	40,990

Restricted Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows:

						June 30, 2023						December 31, 2022
						(In thousands)
Cash and cash equivalents						$	33,861					$	35,244
Restricted cash and cash equivalents						2,987						2,928
Restricted cash and cash equivalents included in Other Assets						2,731						2,818
Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statement of cash flows						$	39,579					$	40,990

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Property, plant and equipment is stated at cost and is set forth below:

						June 30, 2023						December 31, 2022
						(In thousands)
Land						$	9,850					$	9,844
Buildings						373,252						365,955
Machinery and equipment						1,056,779						1,026,024
Property under construction						559,043						515,494
						1,998,924						1,917,317
Less: Accumulated depreciation						815,521						782,420
Property, Plant and Equipment, Net						$	1,183,403					$	1,134,897

Components of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows:

						June 30, 2023						December 31, 2022
						(In thousands)
Currency translation adjustments						$	8,410					$	(4,207)
Net unrealized gain on derivative financial instruments						326						105
Unrecognized prior service cost on benefit obligations						(16,621)						(17,955)
Net unrealized gain on available-for-sale investments						165						127
Accumulated other comprehensive income (loss)						$	(7,720)					$	(21,930)

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)

The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
						2023						2022						2023						2022
Accumulated Other Comprehensive Income (Loss) Component Recognized						(In thousands)																								Line Item Presented
Realized gain (loss) on derivative financial instruments						$	98					$	(23)					$	127					$	66					Revenues
						261						(177)						398						(470)						Cost of operations
						359						(200)						525						(404)						Total before tax
						(89)						52						(132)						104						Provision for Income Taxes
						$	270					$	(148)					$	393					$	(300)					Net Income
Amortization of prior service cost on benefit obligations						$	(830)					$	(813)					$	(1,660)					$	(1,627)					Other – net
						153						162						326						325						Provision for Income Taxes
						$	(677)					$	(651)					$	(1,334)					$	(1,302)					Net Income
Total reclassification for the period						$	(407)					$	(799)					$	(941)					$	(1,602)

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