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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Stockholders' Equity Note [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The changes in the components of AOCI, net of tax, were as follows:
In thousands | Foreign Currency Translation Adjustments |  | Net Unrealized Gain (Loss) on Derivative Instruments |  | Net Unrealized Gain (Loss) on Nonderivative Instruments |  | Pension Benefit Obligation Adjustments |  | Accumulated Other Comprehensive Income (Loss)
Balances at January 1, 2021 | $ | (84,843) |  |  | $ | (1,621) |  |  | $ | (14,380) |  |  | $ | (37,682) |  |  | $ | (138,526) |
OCI before reclassifications | (26,923) |  |  | 1,121 |  |  | — |  |  | 14,264 |  |  | (11,538) |
Amounts reclassified from AOCI | — |  |  | 290 |  |  | — |  |  | 1,676 |  |  | 1,966 |
Total other comprehensive income (loss) | (26,923) |  |  | 1,411 |  |  | — |  |  | 15,940 |  |  | (9,572) |
Balances at December 31, 2021 | (111,766) |  |  | (210) |  |  | (14,380) |  |  | (21,742) |  |  | (148,098) |
OCI before reclassifications | (28,748) |  |  | — |  |  | — |  |  | 23,170 |  |  | (5,578) |
Amounts reclassified from AOCI | 57,321 |  |  | — |  |  | — |  |  | 1,681 |  |  | 59,002 |
Total other comprehensive income (loss) | 28,573 |  |  | — |  |  | — |  |  | 24,851 |  |  | 53,424 |
Balances at December 31, 2022 | (83,193) |  |  | (210) |  |  | (14,380) |  |  | 3,109 |  |  | (94,674) |
OCI before reclassifications | 15,550 |  |  | — |  |  | — |  |  | (1,947) |  |  | 13,603 |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | (119) |  |  | (119) |
Total other comprehensive income (loss) | 15,550 |  |  | — |  |  | — |  |  | (2,066) |  |  | 13,484 |
Balances at December 31, 2023 | $ | (67,643) |  |  | $ | (210) |  |  | $ | (14,380) |  |  | $ | 1,043 |  |  | $ | (81,190) |
In determining the amount of the impairment loss for the assets of the transaction with Dresser during the fourth quarter of 2021, we included $59.7 million of accumulated foreign currency translation losses and $0.9 million in unrealized defined benefit plan losses. Upon closing of the sale transaction in the first quarter of 2022, the then outstanding amounts in AOCI were reclassified to net income (loss) through loss on sale of businesses for a total of $55.4 million, with a corresponding reversal of the impairment loss originally booked in the fourth quarter of 2021. Refer to Note 18: Sale of Businesses for additional information on the transaction. During the third quarter of 2022, we substantially liquidated our legal entity in Russia, recognizing a loss of $1.9 million for the reclassification of the currency translation adjustment from accumulated other comprehensive income (loss) related to the disposal of the business.
Income Tax (Provision) Benefit Related To OCI | The before-tax, income tax (provision) benefit, and net-of-tax amounts related to each component of OCI were as follows:
| Year Ended December 31,
In thousands | 2023 |  | 2022 |  | 2021
Before-tax amount |
Foreign currency translation adjustment | $ | 15,622 |  |  | $ | (28,921) |  |  | $ | (26,757) |
Foreign currency translation adjustment reclassified to net income (loss) on sale or disposal of businesses | — |  |  | 57,321 |  |  | — |
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges | — |  |  | — |  |  | 1,139 |
Net hedging (gain) loss reclassified to net income (loss) | — |  |  | — |  |  | 756 |
Net unrealized gain (loss) on defined benefit plans | (2,117) |  |  | 23,519 |  |  | 14,426 |
Net defined benefit plan (gain) loss reclassified to net income (loss) | (129) |  |  | 1,706 |  |  | 1,695 |
Total other comprehensive income (loss), before tax | 13,376 |  |  | 53,625 |  |  | (8,741) |
Tax (provision) benefit |  |  |  |  |
Foreign currency translation adjustment | (72) |  |  | 173 |  |  | (166) |
Foreign currency translation adjustment reclassified to net income (loss) on sale or disposal of businesses | — |  |  | — |  |  | — |
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges | — |  |  | — |  |  | (18) |
Net hedging (gain) loss reclassified to net income (loss) | — |  |  | — |  |  | (466) |
Net unrealized gain (loss) on defined benefit plans | 170 |  |  | (349) |  |  | (162) |
Net defined benefit plan (gain) loss reclassified to net income (loss) | 10 |  |  | (25) |  |  | (19) |
Total other comprehensive income (loss) tax (provision) benefit | 108 |  |  | (201) |  |  | (831) |
Net-of-tax amount |  |  |  |  |
Foreign currency translation adjustment | 15,550 |  |  | (28,748) |  |  | (26,923) |
Foreign currency translation adjustment reclassified to net income (loss) on sale or disposal of businesses | — |  |  | 57,321 |  |  | — |
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges | — |  |  | — |  |  | 1,121 |
Net hedging (gain) loss reclassified to net income (loss) | — |  |  | — |  |  | 290 |
Net unrealized gain (loss) on defined benefit plans | (1,947) |  |  | 23,170 |  |  | 14,264 |
Net defined benefit plan (gain) loss reclassified to net income (loss) | (119) |  |  | 1,681 |  |  | 1,676 |
Total other comprehensive income (loss), net of tax | $ | 13,484 |  |  | $ | 53,424 |  |  | $ | (9,572) |

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
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