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Accumulated Other Comprehensive Income ("AOCI") (Tables) | 3 Months Ended
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Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The table below presents changes in the components of AOCI for the period from December 31, 2024 to March 31, 2025:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Other Comprehensive Income
December 31, 2024 | $ | (181,555) |  | $ | (14,328) |  | $ | (106) |  | $ | (195,989) |
Other comprehensive income/(loss) before reclassifications, net of tax | 17,136 |  | (4,013) |  | (457) |  | 12,666 |
Pension settlement/curtailment, net of tax | — |  | 1,178 |  | — |  | 1,178 |
Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income, net of tax | — |  | — |  | (178) |  | (178) |
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax | — |  | 173 |  | — |  | 173 |
Net current period other comprehensive income | 17,136 |  | (2,662) |  | (635) |  | 13,839 |
March 31, 2025 | $ | (164,419) |  | $ | (16,990) |  | $ | (741) |  | $ | (182,150) |
The table below presents changes in the components of AOCI for the period from December 31, 2023 to March 31, 2024:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Other Comprehensive Income
December 31, 2023 | $ | (124,901) |  | $ | (17,346) |  | $ | 9,079 |  | $ | (133,168) |
Other comprehensive income/(loss) before reclassifications, net of tax | (12,116) |  | 285 |  | 892 |  | (10,939) |
Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income, net of tax | — |  | — |  | (3,016) |  | (3,016) |
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax | — |  | 97 |  | — |  | 97 |
Net current period other comprehensive income | (12,116) |  | 382 |  | (2,124) |  | (13,858) |
March 31, 2024 | $ | (137,017) |  | $ | (16,964) |  | $ | 6,955 |  | $ | (147,026) |
Schedule of Reclassification Out of Accumulated Other Comprehensive Income | The table below presents the expense/(income) amounts reclassified from AOCI, and the line items of the Consolidated Statements of Income that were affected for the three months ended March 31, 2025 and 2024:
| Three months ended March 31, |
(in thousands) | 2025 | 2024 |  |
Pre-tax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |  |  |
Interest (income)/expense, net related to interest rate swaps included in Income before taxes | $ | (192) |  | $ | (4,038) |  |  |
Income tax effect | 14 |  | 1,022 |  |  |
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $ | (178) |  | $ | (3,016) |  |  |
Pre-tax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |  |  |
Pension settlement/curtailment | $ | 1,600 |  | $ | — |  |  |
Amortization of prior service credit | $ | (37) |  | $ | (38) |  |  |
Amortization of net actuarial loss | 287 |  | 178 |  |  |
Total pre-tax amount reclassified (a) | 1,850 |  | 140 |  |  |
Income tax effect | (499) |  | (43) |  |  |
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $ | 1,351 |  | $ | 97 |  |  |
(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 3. Pensions and Other Postretirement Benefit Plans).

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