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Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of 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 |
Schedule of Accumulated Other Comprehensive Loss | 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 Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
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