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Shareholders' equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Weighted Average Number of Shares | The following table provides a reconciliation of basic to diluted weighted average shares outstanding:
| 2023 |  | 2022 |  | 2021
Basic | 46,981 |  |  | 46,898 |  |  | 46,774 |
Dilutive effect of share based awards | 323 |  |  | 411 |  |  | 653 |
Diluted | 47,304 |  |  | 47,309 |  |  | 47,427 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table provides information relating to the changes in accumulated other comprehensive income (loss), net of tax, for each of the years ended December 31, 2023 and 2022:
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021 | $ | 1,081 |  |  | $ | (138,290) |  |  | $ | (209,750) |  |  | $ | (346,959) |
Other comprehensive income (loss) before reclassifications | 7,179 |  |  | (2,606) |  |  | (62,904) |  |  | (58,331) |
Amounts reclassified from accumulated other comprehensive income | (3,329) |  |  | 5,097 |  |  | — |  |  | 1,768 |
Net current-year other comprehensive income (loss) | 3,850 |  |  | 2,491 |  |  | (62,904) |  |  | (56,563) |
Balance at December 31, 2022 | 4,931 |  |  | (135,799) |  |  | (272,654) |  |  | (403,522) |
Other comprehensive income before reclassifications | 8,314 |  |  | 42,380 |  |  | 44,902 |  |  | 95,596 |
Amounts reclassified from accumulated other comprehensive income | (11,849) |  |  | 5,370 |  |  | — |  |  | (6,479) |
Net current-year other comprehensive (loss) income | (3,535) |  |  | 47,750 |  |  | 44,902 |  |  | 89,117 |
Balance at December 31, 2023 | $ | 1,396 |  |  | $ | (88,049) |  |  | $ | (227,752) |  |  | $ | (314,405) |
Reclassification out of Accumulated Other Comprehensive Income | The following table provides information relating to the (gains) losses recognized in the statements of income including the reclassifications of losses (gains) in accumulated other comprehensive (loss) income into expense/ (income), net of tax, for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
(Gains) losses on designated foreign exchange forward contracts:
Cost of goods sold | $ | (12,234) |  |  | $ | (3,532) |  |  | $ | 1,150 |
Total before tax | (12,234) |  |  | (3,532) |  |  | 1,150 |
Taxes expense | 385 |  |  | 203 |  |  | 62 |
Net of tax | (11,849) |  |  | (3,329) |  |  | 1,212 |
Amortization of pension and other postretirement benefits items:
Actuarial losses (1) | 7,989 |  |  | 7,660 |  |  | 8,543 |
Prior-service credits (1) | (1,008) |  |  | (1,017) |  |  | (1,012) |
Total before tax | 6,981 |  |  | 6,643 |  |  | 7,531 |
Tax benefit | (1,611) |  |  | (1,546) |  |  | (1,756) |
Net of tax | 5,370 |  |  | 5,097 |  |  | 5,775 |
Impact on income from continuing operations, net of tax | $ | (6,479) |  |  | $ | 1,768 |  |  | $ | 6,987 |
(1)These accumulated other comprehensive (loss) income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 16 for additional information).

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