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ACCUMULATED OTHER COMPREHENSIVE LOSS
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS ACCUMULATED OTHER COMPREHENSIVE LOSS
Comprehensive income for the six months ended June 30, 2022 and 2021 was as follows:
 Three Months Ended June 30,Six Months Ended June 30,
Dollars in thousands2022202120222021
Net income $44,788 $35,068 $77,689 $80,462 
Foreign currency translation adjustment(18,067)1,558 (23,749)(5,243)
Change in unrealized gain (loss) on derivatives, net of tax25,922 (7,804)55,744 29,111 
Pension liability adjustment, net of tax(45)(91)(54)228 
Comprehensive income, net$52,598 $28,731 $109,630 $104,558 
Changes in accumulated other comprehensive loss by component between December 31, 2021 and June 30, 2022 are presented in the table below, net of tax:
Dollars in thousandsGains and Losses on DerivativesDefined Benefit Pension ItemsForeign Currency ItemsTotal
Balance at January 1, 2022
$(42,981)$1,893 $(4,067)$(45,155)
Other comprehensive gain (loss)72,499 (54)(23,750)48,695 
Less: Amounts reclassified from accumulated other comprehensive income, net16,755 — — 16,755 
Net current-period other comprehensive gain (loss)55,744 (54)(23,750)31,940 
Balance at June 30, 2022
$12,763 $1,839 $(27,817)$(13,215)
For the six months ended June 30, 2022, the Company reclassified a gain of $22.8 million and a loss of $5.2 million from accumulated other comprehensive loss to other income, net and interest income, respectively.