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Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Loss

Reclassification adjustments and other activities impacting accumulated other comprehensive loss during the three and six months ended June 30, 2024 and 2023 were as follows:


		Defined Benefit Pension Plans				Foreign Currency Translation Adjustments				Foreign Currency Hedge Derivatives				Total
Balance at March 31, 2024		$	(997	)		$	(49,212	)		$	5,014			$	(45,195	)
Other comprehensive loss before reclassifications			—				(4,970	)			(3,690	)			(8,660	)
Income tax effect of other comprehensive loss before reclassifications			—				360				804				1,164
Amounts reclassified from accumulated other comprehensive loss into net income			24				—				(3,870	)	a		(3,846	)
Income taxes reclassified into net income			(5	)			—				843				838
Net current period other comprehensive income (loss)			19				(4,610	)			(5,913	)			(10,504	)
Balance at June 30, 2024		$	(978	)		$	(53,822	)		$	(899	)		$	(55,699	)

(a)

The amounts reclassified from accumulated other comprehensive loss were included in cost of sales in the consolidated condensed statements of income (loss).


		Defined Benefit Pension Plans				Foreign Currency Translation Adjustments				Foreign Currency Hedge Derivatives				Total
Balance at March 31, 2023		$	(1,063	)		$	(40,014	)		$	4,976			$	(36,101	)
Other comprehensive (loss) income before reclassifications			—				(3,611	)			4,889				1,278
Income tax effect of other comprehensive (loss) income before reclassifications			—				23				(1,065	)			(1,042	)
Amounts reclassified from accumulated other comprehensive loss into net loss			6				—				(1,984	)	a		(1,978	)
Income taxes reclassified into net loss			(2	)			—				432				430
Net current period other comprehensive income (loss)			4				(3,588	)			2,272				(1,312	)
Balance at June 30, 2023		$	(1,059	)		$	(43,602	)		$	7,248			$	(37,413	)

(a)

The amounts reclassified from accumulated other comprehensive loss were included in cost of sales in the consolidated condensed statements of income (loss).


		Defined Benefit Pension Plans				Foreign Currency Translation Adjustments				Foreign Currency Hedge Derivatives				Total
Balance at December 31, 2023		$	(1,011	)		$	(34,830	)		$	5,681			$	(30,160	)
Other comprehensive loss before reclassifications			—				(19,245	)			(194	)			(19,439	)
Income tax effect of other comprehensive loss before reclassifications			—				253				42				295
Amounts reclassified from accumulated other comprehensive loss into net income			45				—				(8,219	)	a		(8,174	)
Income taxes reclassified into net income			(12	)			—				1,791				1,779
Net current period other comprehensive income (loss)			33				(18,992	)			(6,580	)			(25,539	)
Balance at June 30, 2024		$	(978	)		$	(53,822	)		$	(899	)		$	(55,699	)

(a)

The amounts reclassified from accumulated other comprehensive loss were included in cost of sales in the consolidated condensed statements of income (loss).


		Defined Benefit Pension Plans				Foreign Currency Translation Adjustments				Foreign Currency Hedge Derivatives				Total
Balance at December 31, 2022		$	(1,067	)		$	(48,269	)		$	2,847			$	(46,489	)
Other comprehensive income before reclassifications			—				4,580				8,631				13,211
Income tax effect of other comprehensive income before reclassifications			—				87				(1,880	)			(1,793	)
Amounts reclassified from accumulated other comprehensive loss into net income			12				—				(3,043	)	a		(3,031	)
Income taxes reclassified into net income			(4	)			—				693				689
Net current period other comprehensive income			8				4,667				4,401				9,076
Balance at June 30, 2023		$	(1,059	)		$	(43,602	)		$	7,248			$	(37,413	)

(a)

The amounts reclassified from accumulated other comprehensive loss were included in cost of sales in the consolidated condensed statements of income (loss).