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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive income for the years ended December 31, 2023 and 2022:
Dollars in thousands |  | 2023 |  | 2022 |  | 2021
Net income |  | $ | 67,741 |  |  | $ | 180,550 |  |  | $ | 169,075 |
Foreign currency translation adjustment, net of tax |  | (12,103) |  |  | (17,807) |  |  | (17,362) |
Change in unrealized loss/(gain) on derivatives, net of tax |  | (6,658) |  |  | 65,798 |  |  | 39,268 |
Pension liability adjustment, net of tax |  | (6,610) |  |  | 7,429 |  |  | 6,998 |
Comprehensive income, net |  | 42,370 |  |  | 235,970 |  |  | 197,979 |
Changes in accumulated other comprehensive loss by component between December 31, 2023 and 2022 are presented in the table below, net of tax:
Dollars in thousands |  | Gains and Losses on Derivatives |  | Defined Benefit Pension Items |  | Foreign Currency Items |  | Total
Balance at December 31, 2022 |  | $ | 28,147 |  |  | $ | 9,322 |  |  | $ | (27,204) |  |  | $ | 10,265 |
Other comprehensive gain (loss) |  | (16,991) |  |  | (6,610) |  |  | (5,901) |  |  | (29,502) |
Less: Amounts reclassified from accumulated other comprehensive income, net |  | (10,333) |  |  | — |  |  | 6,202 |  |  | (4,131) |
Net current-period other comprehensive gain (loss) |  | (6,658) |  |  | (6,610) |  |  | (12,103) |  |  | (25,371) |
Balance at December 31, 2023 |  | $ | 21,489 |  |  | $ | 2,712 |  |  | $ | (39,307) |  |  | $ | (15,106) |
For the year ended December 31, 2023, the Company reclassified a loss of $24.2 million and a gain of $20.1 million from accumulated other comprehensive loss to other income, net and interest income, respectively.

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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//1943274/2147483586/944-220-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//1943274/2147483589/942-220-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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