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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
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,
20242023
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 derivatives21,038 (8,564)
       Net amount reclassified from AOCI to net loss(8,338)(4,000)
    Net gain (loss) on designated derivatives12,700 (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.