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Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The Company reports activity in AOCI for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, unrealized gains and losses on designated derivatives, and minimum pension liability adjustments (net of tax). 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 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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