ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

6 Months Ended

Jun. 30, 2023

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

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