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Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive (Loss) Income | The activity in AOCI for the three months ended March 31, 2024 and 2023 is as follows (in thousands):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Opening Balance | $ | (16,640) |  |  | $ | (6,050) |  |  |  |  |
Pension and other postretirement benefits: |  |  |  |  |  |  |
Balance at beginning of period, net of tax | $ | 383 |  |  | $ | 2,682 |  |  |  |  |
(Loss) gain arising during the period | (13) |  |  | 698 |  |  |  |  |
Balance at end of period, net of tax | $ | 370 |  |  | $ | 3,380 |  |  |  |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |
Balance at beginning of period, net of tax | $ | (31,587) |  |  | $ | (26,650) |  |  |  |  |
Cumulative translation adjustment | (27,506) |  |  | 10,801 |  |  |  |  |
Derivative net investment hedges | 26,925 |  |  | (10,622) |  |  |  |  |
Net (loss) gain on foreign currency translation | (581) |  |  | 179 |  |  |  |  |
Balance at end of period, net of tax | $ | (32,168) |  |  | $ | (26,471) |  |  |  |  |
Designated derivatives: |  |  |  |  |  |  |
Balance at beginning of period, net of tax | $ | 14,564 |  |  | $ | 17,918 |  |  |  |  |
Cash flow hedge derivatives | 21,038 |  |  | (8,564) |  |  |  |  |
Net amount reclassified from AOCI to net loss | (8,338) |  |  | (4,000) |  |  |  |  |
Net gain (loss) on designated derivatives | 12,700 |  |  | (12,564) |  |  |  |  |
Balance at end of period, net of tax | $ | 27,264 |  |  | $ | 5,354 |  |  |  |  |
Closing accumulated other comprehensive income (loss) | $ | (4,534) |  |  | $ | (17,737) |  |  |  |  |
(1)Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general, and administrative” in the accompanying Condensed Consolidated Statements of Operations.

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
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