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Reclassifications Out of Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Reclassifications Out of Accumulated Other Comprehensive Loss | N ote 17 – Reclassifications Out of Accumulated Other Comprehensive Loss Reclassification adjustments and other activities impacting accumulated other comprehensive loss during the years ended December 31, 2024, 2023 and 2022 are as follows:
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Commodity Hedge Derivatives |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at December 31, 2023 |  | $ | (1,011 | ) |  | $ | (34,830 | ) |  | $ | — |  |  | $ | 5,681 |  |  | $ | (30,160 | )
Other comprehensive loss before reclassifications |  |  | (1,242 | ) |  |  | (45,519 | ) |  |  | — |  |  |  | (3,648 | ) |  |  | (50,409 | )
Income tax effect of other comprehensive loss before reclassifications |  |  | 335 |  |  |  | 253 |  |  |  | — |  |  |  | 784 |  |  |  | 1,372 |
Amounts reclassified from accumulated other comprehensive loss into net income |  |  | 91 |  |  |  | — |  |  |  | — |  |  |  | (7,611 | ) | a |  | (7,520 | )
Income taxes reclassified into net income |  |  | (24 | ) |  |  | — |  |  |  | — |  |  |  | 1,548 |  |  |  | 1,524 |
Net current period other comprehensive loss |  |  | (840 | ) |  |  | (45,266 | ) |  |  | — |  |  |  | (8,927 | ) |  |  | (55,033 | )
Balance at December 31, 2024 |  | $ | (1,851 | ) |  | $ | (80,096 | ) |  | $ | — |  |  | $ | (3,246 | ) |  | $ | (85,193 | )
(a) The amounts reclassified from accumulated other comprehensive loss are included in cost of sales. See Note 14 for information related to the effect of foreign currency derivative instruments on our consolidated statements of income.
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Commodity Hedge Derivatives |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at December 31, 2022 |  | $ | (1,067 | ) |  | $ | (48,269 | ) |  | $ | — |  |  | $ | 2,847 |  |  | $ | (46,489 | )
Other comprehensive income before reclassifications |  |  | 54 |  |  |  | 13,125 |  |  |  | — |  |  |  | 13,086 |  |  |  | 26,265 |
Income tax effect of other comprehensive income before reclassifications |  |  | (15 | ) |  |  | 314 |  |  |  | — |  |  |  | (2,770 | ) |  |  | (2,471 | )
Amounts reclassified from accumulated other comprehensive loss into net income |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | (9,603 | ) | a |  | (9,580 | )
Income taxes reclassified into net income |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | 2,121 |  |  |  | 2,115 |
Net current period other comprehensive income |  |  | 56 |  |  |  | 13,439 |  |  |  | — |  |  |  | 2,834 |  |  |  | 16,329 |
Balance at December 31, 2023 |  | $ | (1,011 | ) |  | $ | (34,830 | ) |  | $ | — |  |  | $ | 5,681 |  |  | $ | (30,160 | )
(a) The amounts reclassified from accumulated other comprehensive loss are included in cost of sales. See Note 14 for information related to the effect of foreign currency derivative instruments on our consolidated statements of income.
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Commodity Hedge Derivatives |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at December 31, 2021 |  | $ | (2,893 | ) |  | $ | (34,188 | ) |  | $ | 5 |  |  | $ | 154 |  |  | $ | (36,922 | )
Other comprehensive income (loss) before reclassifications |  |  | 2,341 |  |  |  | (13,786 | ) |  |  | 13 |  |  |  | 4,954 |  |  |  | (6,478 | )
Income tax effect of other comprehensive income (loss) before reclassifications |  |  | (621 | ) |  |  | (295 | ) |  |  | (3 | ) |  |  | (1,092 | ) |  |  | (2,011 | )
Amounts reclassified from accumulated other comprehensive loss into net income |  |  | 137 |  |  |  | — |  |  |  | (19 | ) | a |  | (1,458 | ) | a |  | (1,340 | )
Income taxes reclassified into net income |  |  | (31 | ) |  |  | — |  |  |  | 4 |  |  |  | 289 |  |  |  | 262 |
Net current period other comprehensive income (loss) |  |  | 1,826 |  |  |  | (14,081 | ) |  |  | (5 | ) |  |  | 2,693 |  |  |  | (9,567 | )
Balance at December 31, 2022 |  | $ | (1,067 | ) |  | $ | (48,269 | ) |  | $ | — |  |  | $ | 2,847 |  |  | $ | (46,489 | )
(a) The amounts reclassified from accumulated other comprehensive loss are included in cost of sales. See Note 14 for information related to the effect of commodity and foreign currency derivative instruments on our consolidated statements of income. The Company expects all of the existing gains and losses related to foreign currency derivatives reported in accumulated other comprehensive loss as of December 31, 2024 to be reclassified into earnings during the next twelve months. See Note 14, "Financial Instruments," for additional information about derivative financial instruments and the effects from reclassification to net income.

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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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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