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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
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 thousands202320222021
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, net42,370 235,970 197,979 
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 thousandsGains and Losses on DerivativesDefined Benefit Pension ItemsForeign Currency ItemsTotal
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.