Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The other comprehensive income (loss) consists of the following components:


	Three Months Ended September 30
	2025						2024
	Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)	Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	(8,227)	$	—	$	(8,227)	$	31,469	$	—	$	31,469
Adjustment for sale of a business with foreign operations	—		—		—		(765)		—		(765)
	(8,227)		—		(8,227)		30,704		—		30,704
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(520)		133		(387)		(487)		124		(363)
Amortization of net actuarial gain included in net income	(378)		96		(282)		(12,360)		3,164		(9,196)



	(898)		229		(669)		(12,847)		3,288		(9,559)
Cash flow hedges:
Gain (loss) for the period	64		(17)		47		(1,975)		515		(1,460)
Other Comprehensive (Loss) Income	$	(9,061)	$	212	$	(8,849)	$	15,882	$	3,803	$	19,685


	Nine Months Ended September 30
	2025						2024
	Before-Tax		Income		After-Tax		Before-Tax		Income		After-Tax
(in thousands)	Amount		Tax		Amount		Amount		Tax		Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	38,323	$	—	$	38,323	$	21,702	$	—	$	21,702
Adjustment for sales of businesses with foreign operations	646		—		646		(765)		—		(765)
	38,969		—		38,969		20,937		—		20,937
Pension and other postretirement plans:
Amortization of net prior service credit included in net income	(1,560)		399		(1,161)		(1,463)		374		(1,089)
Amortization of net actuarial gain included in net income	(1,137)		291		(846)		(37,080)		9,493		(27,587)


	(2,697)		690		(2,007)		(38,543)		9,867		(28,676)
Cash flow hedges:
Loss for the period	(979)		254		(725)		(518)		135		(383)
Other Comprehensive Income (Loss)	$	35,293	$	944	$	36,237	$	(18,124)	$	10,002	$	(8,122)

The accumulated balances related to each component of other comprehensive income (loss) are as follows:


(in thousands, net of taxes)	Cumulative Foreign Currency Translation Adjustment		Unrealized Gain on Pensions and Other Postretirement Plans		Cash Flow Hedges		Accumulated Other Comprehensive Income
Balance as of December 31, 2024	$	(58,044)	$	393,949	$	(1,108)	$	334,797

Other comprehensive income (loss) before reclassifications	38,323		—		(907)		37,416
Net amount reclassified from accumulated other comprehensive income (loss)	646		(2,007)		182		(1,179)
Net other comprehensive income (loss)	38,969		(2,007)		(725)		36,237
Balance as of September 30, 2025	$	(19,075)	$	391,942	$	(1,833)	$	371,034

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows:


	Three Months Ended September 30				Nine Months Ended September 30				Affected Line Item in the Condensed Consolidated Statements of Operations

(in thousands)	2025		2024		2025		2024
Foreign Currency Translation Adjustments:
Adjustment for sales of businesses with foreign operations	$	—	$	(765)	$	646	$	(765)	Other income (expense), net

Pension and Other Postretirement Plans:
Amortization of net prior service credit	(520)		(487)		(1,560)		(1,463)		(1)
Amortization of net actuarial gain	(378)		(12,360)		(1,137)		(37,080)		(1)

	(898)		(12,847)		(2,697)		(38,543)		Before tax
	229		3,288		690		9,867		Provision for Income Taxes
	(669)		(9,559)		(2,007)		(28,676)		Net of Tax

Cash Flow Hedges	61		(116)		182		(361)		Interest expense


Total reclassification for the period	$	(608)	$	(10,440)	$	(1,179)	$	(29,802)	Net of Tax

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(1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and postretirement plan cost (see Note 11) and are included in non-operating pension and postretirement benefit income in the Company’s Condensed Consolidated Statements of Operations.