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Comprehensive Income | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Comprehensive Income | Comprehensive Income Comprehensive income consists of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income | $ | 29,976 |  |  | $ | 13,732 |  |  | $ | 49,685 |  |  | $ | 15,551 |
Other comprehensive income (loss): |  |  |  |  |  |  |
Cash flow hedging gain (loss), net of income tax (income tax expense (benefit) of $(600) and $161 for the three months ended June 30, 2024 and 2023, respectively, and $823 and $442 for the six months ended June 30, 2024 and 2023, respectively) | (1,874) |  |  | 503 |  |  | 2,573 |  |  | 1,381 |
Pension liability, net of income tax (income tax expense of $97 and $129 for the three months ended June 30, 2024 and 2023, respectively, and $194 and $258 for the six months ended June 30, 2024 and 2023, respectively) | 301 |  |  | 403 |  |  | 603 |  |  | 806 |
Foreign currency translation adjustment | (3,060) |  |  | 1,129 |  |  | (7,440) |  |  | 2,724 |
Comprehensive income | $ | 25,343 |  |  | $ | 15,767 |  |  | $ | 45,421 |  |  | $ | 20,462 |
Accumulated other comprehensive loss consists of the following:
| Cash Flow Hedging Gain (Loss) |  | Pension Liability |  | Cumulative Translation Adjustments |  | Accumulated Other Comprehensive Loss
Balance, December 31, 2023 | $ | 117 |  |  | $ | (18,766) |  |  | $ | (31,521) |  |  | $ | (50,170) |
Other comprehensive income (loss) before reclassifications, net of tax | 5,120 |  |  | — |  |  | (7,440) |  |  | (2,320) |
Amounts reclassified from accumulated other comprehensive income (loss) before tax a | (3,362) |  |  | 797 |  |  | — |  |  | (2,565) |
Income tax | 815 |  |  | (194) |  |  | — |  |  | 621 |
Net current-period other comprehensive income (loss) | 2,573 |  |  | 603 |  |  | (7,440) |  |  | (4,264) |
Balance, June 30, 2024 | $ | 2,690 |  |  | $ | (18,163) |  |  | $ | (38,961) |  |  | $ | (54,434) |
| Cash Flow Hedging Gain (Loss) |  | Pension Liability |  | Cumulative Translation Adjustments |  | Accumulated Other Comprehensive Loss
Balance, December 31, 2022 | $ | 2,497 |  |  | $ | (23,749) |  |  | $ | (36,606) |  |  | $ | (57,858) |
Other comprehensive income before reclassifications, net of tax | 4,010 |  |  | — |  |  | 2,724 |  |  | 6,734 |
Amounts reclassified from accumulated other comprehensive income (loss) before tax a | (3,471) |  |  | 1,064 |  |  | — |  |  | (2,407) |
Income tax | 842 |  |  | (258) |  |  | — |  |  | 584 |
Net current-period other comprehensive income | 1,381 |  |  | 806 |  |  | 2,724 |  |  | 4,911 |
Balance, June 30, 2023 | $ | 3,878 |  |  | $ | (22,943) |  |  | $ | (33,882) |  |  | $ | (52,947) |
(a) The cash flow hedging gain (loss) and pension liability accumulated other comprehensive loss components are included in sales or cost of sales and as a component of net periodic pension cost, respectively. Refer to Note 6 and Note 12, respectively, for further details.

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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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