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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Comprehensive income for the three months ended March 31, 2024 and 2023:

									Three Months Ended March 31,
Dollars in thousands															2024						2023
Net (loss) income															$	(3,281)					$	24,226
Foreign currency translation adjustment															730						3,192
Change in unrealized loss/(gain) on derivatives, net of tax															3,735						(6,493)
Pension liability adjustment, net of tax															(5)						103
Comprehensive income, net															$	1,179					$	21,028

Changes in accumulated other comprehensive income by component between December 31, 2023 and March 31, 2024 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 January 1, 2024						$	21,489					$	2,712					$	(39,307)					$	(15,106)
Other comprehensive gain (loss)						34,939						(5)						2,425						37,359
Less: Amounts reclassified from accumulated other comprehensive income, net						31,204						—						1,695						32,899
Net current-period other comprehensive gain (loss)						3,735						(5)						730						4,460
Balance at March 31, 2024						$	25,224					$	2,707					$	(38,577)					$	(10,646)

For the three months ended March 31, 2024, the Company reclassified a gain of $27.2 million and $5.7 million from accumulated other comprehensive income 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

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- References

No definition available.

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