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Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Summary of Changes in Accumulated Other Comprehensive Income (Loss) | Below is the change in the Company’s accumulated other comprehensive income (loss) (AOCI) balance by component (net of income taxes) for the three and nine months ended September 30, 2024 and 2023:
(In thousands) |  | Foreign Currency Translation Adjustments |  |  | Defined Benefit Pension Plan Adjustments |  |  | Cash Flow Hedge Adjustments |  |  | Total |
Balance at June 30, 2023 |  | $ | (121,915 | ) |  | $ | (18,961 | ) |  | $ | 8,506 |  |  | $ | (132,370 | )
Other comprehensive income (loss) before reclassifications |  |  | (19,578 | ) |  |  | — |  |  |  | 564 |  |  |  | (19,014 | )
Amounts reclassified from AOCI |  |  | — |  |  |  | 61 |  |  |  | (2 | ) |  |  | 59 |
Net current-period other comprehensive income (loss) |  |  | (19,578 | ) |  |  | 61 |  |  |  | 562 |  |  |  | (18,955 | )
Balance at September 30, 2023 |  | $ | (141,493 | ) |  | $ | (18,900 | ) |  | $ | 9,068 |  |  | $ | (151,325 | )
Balance at June 30, 2024 |  | $ | (148,374 | ) |  | $ | (20,293 | ) |  | $ | 6,767 |  |  | $ | (161,900 | )
Other comprehensive income (loss) before reclassifications |  |  | 12,880 |  |  |  | — |  |  |  | (2,760 | ) |  |  | 10,120 |
Amounts reclassified from AOCI |  |  | — |  |  |  | 60 |  |  |  | (2 | ) |  |  | 58 |
Net current-period other comprehensive income (loss) |  |  | 12,880 |  |  |  | 60 |  |  |  | (2,762 | ) |  |  | 10,178 |
Balance at September 30, 2024 |  | $ | (135,494 | ) |  | $ | (20,233 | ) |  | $ | 4,005 |  |  | $ | (151,722 | )
Balance at December 31, 2022 |  | $ | (156,835 | ) |  | $ | (19,079 | ) |  | $ | 8,402 |  |  | $ | (167,512 | )
Other comprehensive income before reclassifications |  |  | 15,342 |  |  |  | — |  |  |  | 673 |  |  |  | 16,015 |
Amounts reclassified from AOCI |  |  | — |  |  |  | 179 |  |  |  | (7 | ) |  |  | 172 |
Net current-period other comprehensive income |  |  | 15,342 |  |  |  | 179 |  |  |  | 666 |  |  |  | 16,187 |
Balance at September 30, 2023 |  | $ | (141,493 | ) |  | $ | (18,900 | ) |  | $ | 9,068 |  |  | $ | (151,325 | )
Balance at December 31, 2023 |  | $ | (116,412 | ) |  | $ | (20,408 | ) |  | $ | 6,218 |  |  | $ | (130,602 | )
Other comprehensive income (loss) before reclassifications |  |  | (19,082 | ) |  |  | — |  |  |  | (2,207 | ) |  |  | (21,289 | )
Amounts reclassified from AOCI |  |  | — |  |  |  | 175 |  |  |  | (6 | ) |  |  | 169 |
Net current-period other comprehensive income (loss) |  |  | (19,082 | ) |  |  | 175 |  |  |  | (2,213 | ) |  |  | (21,120 | )
Balance at September 30, 2024 |  | $ | (135,494 | ) |  | $ | (20,233 | ) |  | $ | 4,005 |  |  | $ | (151,722 | )
Summary of Amounts Reclassifications Out of Accumulated Other Comprehensive Income | Information regarding the reclassifications out of AOCI for the three and nine months ended September 30, 2024 and 2023, is displayed below:
(In thousands) |  | Amount Reclassified from AOCI (1) |  |  |
AOCI Components |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |  |  | Affected Line Item in Condensed Consolidated Statements of Income
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  |
Amortization of defined benefit pension actuarial (gains) |  | $ | (79 | ) |  | $ | (79 | ) |  | $ | (233 | ) |  | $ | (232 | ) |  | (2)
|  |  | 19 |  |  |  | 18 |  |  |  | 58 |  |  |  | 53 |  |  | Tax benefit
|  | $ | (60 | ) |  | $ | (61 | ) |  | $ | (175 | ) |  | $ | (179 | ) |  | Net of tax
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  | 2 |  |  |  | 2 |  |  |  | 6 |  |  |  | 7 |  |  | Cost of sales
|  |  | 2 |  |  |  | 2 |  |  |  | 6 |  |  |  | 7 |  |  | Total before tax
|  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  | Tax benefit
|  | $ | 2 |  |  | $ | 2 |  |  | $ | 6 |  |  | $ | 7 |  |  | Net of tax
Total reclassifications for the period |  | $ | (58 | ) |  | $ | (59 | ) |  | $ | (169 | ) |  | $ | (172 | ) |  | Net of tax
(1) A mounts in parentheses denote expense to the Company’s Condensed Consolidated Statements of Income. (2) This component of accumulated other comprehensive income is included in the computation of net periodic benefit cost. See Note 9, Postretirement Benefit Plans, of the notes to the Company’s condensed consolidated financial statements (included in Item 1 of this Form 10-Q) for additional details.

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