XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.24.3

Comprehensive Income (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Equity [Abstract] |
Schedule of Comprehensive Income | Comprehensive income consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income | $ | 48,984 |  |  | $ | 15,837 |  |  | $ | 98,668 |  |  | $ | 31,388 |
Other comprehensive income (loss): |  |  |  |  |  |  |
Cash flow hedging gain (loss), net of income tax (income tax expense (benefit) of $(2,264) and $873 for the three months ended September 30, 2024 and 2023, respectively, and $(1,441) and $1,315 for the nine months ended September 30, 2024 and 2023, respectively) | (7,077) |  |  | 2,730 |  |  | (4,504) |  |  | 4,110 |
Pension liability, net of income tax (income tax expense of $97 and $129 for the three months ended September 30, 2024 and 2023, respectively, and $291 and $387 for the nine months ended September 30, 2024 and 2023, respectively) | 301 |  |  | 403 |  |  | 904 |  |  | 1,210 |
Foreign currency translation adjustment | 6,493 |  |  | (4,145) |  |  | (947) |  |  | (1,421) |
Comprehensive income | $ | 48,701 |  |  | $ | 14,825 |  |  | $ | 94,121 |  |  | $ | 35,287 |
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 loss before reclassifications, net of tax | (1,754) |  |  | — |  |  | (947) |  |  | (2,701) |
Amounts reclassified from accumulated other comprehensive income (loss) before tax a | (3,630) |  |  | 1,195 |  |  | — |  |  | (2,435) |
Income tax | 880 |  |  | (291) |  |  | — |  |  | 589 |
Net current-period other comprehensive income (loss) | (4,504) |  |  | 904 |  |  | (947) |  |  | (4,547) |
Balance, September 30, 2024 | $ | (4,387) |  |  | $ | (17,862) |  |  | $ | (32,468) |  |  | $ | (54,717) |
| 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 (loss) before reclassifications, net of tax | 8,692 |  |  | — |  |  | (1,421) |  |  | 7,271 |
Amounts reclassified from accumulated other comprehensive income (loss) before tax a | (6,048) |  |  | 1,597 |  |  | — |  |  | (4,451) |
Income tax | 1,466 |  |  | (387) |  |  | — |  |  | 1,079 |
Net current-period other comprehensive income (loss) | 4,110 |  |  | 1,210 |  |  | (1,421) |  |  | 3,899 |
Balance, September 30, 2023 | $ | 6,607 |  |  | $ | (22,539) |  |  | $ | (38,027) |  |  | $ | (53,959) |
(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.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration