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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Reconciliation of Share Activity | A rollforward of share activity as of December 31, 2024 and December 31, 2023 was as follows:
| Amount
| (In thousands)
Outstanding shares as of December 31, 2022 | 94,899 |
Net shares issued related to stock-based compensation | 30 |
Outstanding shares as of December 31, 2023 | 94,929 |
Net shares issued related to stock-based compensation | 112 |
Outstanding shares as of December 31, 2024 | 95,041 |
Summary of Stock Option Valuation Assumptions | The following table summarizes the assumptions used for estimating the fair values of the stock options and RSUs with a market condition upon grant date:
Type of Award |  | Risk-free interest rate |  | Expected volatility |  | Dividend yield
For the year ended December 31, 2024: |  |
RSUs with a market condition |  | 4.4 | % |  | 30.0 | % |  | 2.8 | %
For the year ended December 31, 2023: |  |
RSUs with a market condition |  | 4.0 | % |  | 35.0 | % |  | 2.8 | %
For the year ended December 31, 2022: |  |
Stock options |  | 2.1 | % |  | 45.0 | % |  | 2.5 | %
Rollforward of Share-based Compensation Awards Outstanding | or the years ended December 31, 2024, December 31, 2023 and December 31, 2022 was as follows:
| Stock Options |  | RSUs |  | RSUs with a market condition
| Number of shares |  | Weighted-average exercise price |  | Number of shares |  | Weighted-average grant date fair value |  | Number of shares |  | Weighted-average grant date fair value
| (Number of shares in thousands and weighted-average amounts are U.S. dollars per share)
Outstanding awards as of December 31, 2021 | 453 |  | $ | 15.72 |  |  | 209 |  | $ | 15.88 |  |  | — |  |  | $ | — |
Granted | — |  |  |  |  | 261 |  | 12.88 |  |  | 425 |  | 13.70 |
Vested | — |  |  |  |  | (40) |  |  | 12.87 |  |  | — |  |  | — |
Forfeited | — |  |  |  |  | (18) |  |  | 13.59 |  |  | (25) |  |  | 15.33 |
Outstanding awards as of December 31, 2022 | 453 |  | $ | 15.72 |  |  | 412 |  | $ | 13.71 |  |  | 400 |  | $ | 13.59 |
Granted | — |  |  |  |  | 253 |  | 12.06 |  |  | 209 |  | 16.95 |
Vested | — |  |  |  |  | (58) |  |  | 10.24 |  |  | — |  |  | — |
Forfeited | — |  |  |  |  | (14) |  |  | 13.52 |  |  | (49) |  |  | 11.65 |
Outstanding awards as of December 31, 2023 | 453 |  | $ | 15.72 |  |  | 593 |  | $ | 13.35 |  |  | 560 |  | $ | 15.01 |
Granted | — |  |  | — |  |  | 278 |  | 11.66 |  |  | 229 |  | 13.19 |
Vested | — |  |  | — |  |  | (383) |  |  | 14.20 |  |  | — |  |  | — |
Forfeited and expired | — |  |  | — |  |  | — |  |  | — |  |  | (351) |  |  | 13.85 |
Outstanding awards as of December 31, 2024 | 453 |  | $ | 15.72 |  |  | 488 |  | $ | 11.71 |  |  | 438 |  | $ | 14.29 |
Summary of Dividends Declared and Paid | The following table summarizes dividends per share declared in the years ended December 31, 2024, December 31, 2023 and December 31, 2022:
Year Ended
December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Date Declared |  | Amount |  | Date Declared |  | Amount |  | Date Declared |  | Amount
| (U.S. Dollars) |  |  | (U.S. Dollars) |  |  | (U.S. Dollars)
2/28/2024 |  | $ | 0.08 |  |  | 11/15/2023 |  | $ | 0.08 |  |  | 11/16/2022 |  | $ | 0.08 |
5/14/2024 |  | $ | 0.08 |  |  | 8/16/2023 |  | $ | 0.08 |  |  | 8/22/2022 |  | $ | 0.08 |
8/13/2024 |  | $ | 0.08 |  |  | 5/17/2023 |  | $ | 0.08 |  |  | 5/24/2022 |  | $ | 0.08 |
11/13/2024 |  | $ | 0.08 |  |  | 3/6/2023 |  | $ | 0.08 |  |  | 3/14/2022 |  | $ | 0.08 |
The following table summarizes total dividends declared for the years ended December 31, 2024, December 31, 2023 and December 31, 2022:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
| (U.S. Dollars in thousands)
Dividends | $ | (30,645) |  |  | $ | (30,750) |  |  | $ | (30,582) |
Schedule of Accumulated Other Comprehensive Loss | A rollforward of the changes in accumulated other comprehensive loss, disaggregated by component, was as follows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022.
| Changes in Accumulated Other Comprehensive Loss by Component
| Fair Value of Derivatives |  | Pension & Other Postretirement Benefits |  | Foreign Currency Translation |  | Total
| (U.S. Dollars in thousands)
Balance as of December 31, 2021 | $ | 8,631 |  |  | $ | (59,822) |  |  | $ | (74,728) |  |  | $ | (125,919) |
Other comprehensive income (loss) attributable to Dole plc before reclassifications | 70,930 |  |  | 26,183 |  |  | (38,329) |  |  | 58,784 |
Income tax effect of amounts in other comprehensive (loss) attributable to Dole plc before reclassifications | (16,407) |  |  | (4,653) |  |  | — |  |  | (21,060) |
Gross amounts reclassified from accumulated other comprehensive loss | (28,522) |  |  | 1,548 |  |  | 5,445 |  |  | (21,529) |
Income tax effect of amounts reclassified from accumulated other comprehensive loss | 5,785 |  |  | (194) |  |  | — |  |  | 5,591 |
Net other comprehensive income (loss) attributable to Dole plc | 31,786 |  |  | 22,884 |  |  | (32,884) |  |  | 21,786 |
Balance as of December 31, 2022 | $ | 40,417 |  |  | $ | (36,938) |  |  | $ | (107,612) |  |  | $ | (104,133) |
Other comprehensive income (loss) attributable to Dole plc before reclassifications | (557) |  |  | (11,161) |  |  | 20,901 |  |  | 9,183 |
Income tax effect of amounts in other comprehensive income attributable to Dole plc before reclassifications | 42 |  |  | 2,671 |  |  | — |  |  | 2,713 |
Gross amounts reclassified from accumulated other comprehensive loss | (20,669) |  |  | (3,679) |  |  | (254) |  |  | (24,602) |
Income tax effect of amounts reclassified from accumulated other comprehensive loss | 5,170 |  |  | 878 |  |  | — |  |  | 6,048 |
Net other comprehensive (loss) income attributable to Dole plc | (16,014) |  |  | (11,291) |  |  | 20,647 |  |  | (6,658) |
Balance as of December 31, 2023 | $ | 24,403 |  |  | $ | (48,229) |  |  | $ | (86,965) |  |  | $ | (110,791) |
Other comprehensive income (loss) attributable to Dole plc before reclassifications | 27,718 |  |  | (14,135) |  |  | (41,526) |  |  | (27,943) |
Income tax effect of amounts in other comprehensive income (loss) attributable to Dole plc before reclassifications | (6,768) |  |  | 3,971 |  |  | — |  |  | (2,797) |
Gross amounts reclassified from accumulated other comprehensive loss | (30,573) |  |  | (1,978) |  |  | — |  |  | (32,551) |
Income tax effect of amounts reclassified from accumulated other comprehensive loss | 7,346 |  |  | 556 |  |  | — |  |  | 7,902 |
Net other comprehensive (loss) attributable to Dole plc | (2,277) |  |  | (11,586) |  |  | (41,526) |  |  | (55,389) |
Balance at December 31, 2024 | $ | 22,126 |  |  | $ | (59,815) |  |  | $ | (128,491) |  |  | $ | (166,180) |
The following table includes details about gross (gains) losses reclassified from accumulated other comprehensive loss by component of accumulated other comprehensive loss:

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