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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | 6 Months Ended
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Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The changes in accumulated other comprehensive (loss) income were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Net foreign currency translation adjustment |  | $ | (1,116) |  |  | $ | (6,951) |  |  | $ | 8,308 |  |  | $ | (9,793) |
Net change of cash flow hedge (see Note 20 for further information) |  |  |  |  |  |  |  |
Unrealized (loss) gain on cash flow hedge |  | (730) |  |  | 1,122 |  |  | (1,406) |  |  | 3,206 |
Tax |  | 176 |  |  | (272) |  |  | 341 |  |  | (783) |
Net of tax |  | (554) |  |  | 850 |  |  | (1,065) |  |  | 2,423 |
Net change in postretirement benefit plan (see Note 15 for further information) |  |  |  |  |  |  |  |
Amortization of prior service cost |  | — |  |  | 2 |  |  | — |  |  | 4 |
Amortization of loss |  | 2 |  |  | — |  |  | 4 |  |  | — |
Gain arising during the period and prior service credit |  | — |  |  | (9) |  |  | 132 |  |  | (41) |
Total before tax |  | 2 |  |  | (7) |  |  | 136 |  |  | (37) |
Tax |  | — |  |  | (27) |  |  | (34) |  |  | (24) |
Net of tax |  | 2 |  |  | (34) |  |  | 102 |  |  | (61) |
Total other comprehensive income (loss) |  | $ | (1,668) |  |  | $ | (6,135) |  |  | $ | 7,345 |  |  | $ | (7,431) |
Included in "Net foreign currency translation adjustment" were losses of $434 and $1,455 related to a net investment hedge, which were net of tax benefit of $782 and $1,114 for the three and six months ended June 30, 2023, respectively. Included in "Net foreign currency translation adjustment" were gains of $3,963 and $5,086 related to a net investment hedge, which were net of tax expense of $1,309 and $1,642 for the three and six months ended June 30, 2022, respectively. The Company settled its derivative instruments on their maturity date of June 27, 2023. See Note 20, Derivative Instruments and Hedging Activities. Accumulated other comprehensive (loss) income at June 30, 2023 and December 31, 2022 consisted of the following:
|  | Foreign currency translation adjustment |  | Cash flow hedge |  | Postretirement benefit plan |  | Total
Balance December 31, 2022 |  | $ | (8,401) |  |  | $ | 1,065 |  |  | $ | 182 |  |  | $ | (7,154) |
Other comprehensive income (loss) |  | 8,308 |  |  | (1,065) |  |  | 102 |  |  | 7,345 |
Balance June 30, 2023 |  | $ | (93) |  |  | $ | — |  |  | $ | 284 |  |  | $ | 191 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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