XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.24.2

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Comprehensive (loss) income for the three and six months ended June 30, 2024 and 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Dollars in thousands | 2024 |  | 2023 |  | 2024 |  | 2023
Net (loss) income | $ | (12,402) |  |  | $ | 4,184 |  |  | $ | (15,683) |  |  | $ | 28,410 |
Foreign currency translation adjustment | (8,674) |  |  | (10,029) |  |  | (7,945) |  |  | (6,838) |
Change in unrealized loss/(gain) on derivatives, net of tax | 594 |  |  | 7,561 |  |  | 4,330 |  |  | 1,069 |
Pension liability adjustment, net of tax |  |  | 231 |  |  | (5) |  |  | 334 |
Comprehensive (loss) income, net | $ | (20,482) |  |  | $ | 1,947 |  |  | $ | (19,303) |  |  | $ | 22,975 |
Changes in accumulated other comprehensive (loss) income by component between December 31, 2023 and June 30, 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) |  | 39,109 |  |  | (5) |  |  | (4,361) |  |  | 34,743 |
Less: Amounts reclassified from accumulated other comprehensive income, net |  | 34,779 |  |  | — |  |  | 3,584 |  |  | 38,363 |
Net current-period other comprehensive gain (loss) |  | 4,330 |  |  | (5) |  |  | (7,945) |  |  | (3,620) |
Balance at June 30, 2024 |  | $ | 25,819 |  |  | $ | 2,707 |  |  | $ | (47,252) |  |  | $ | (18,726) |
For the six months ended June 30, 2024, the Company reclassified a gain of $26.9 million and $11.5 million from accumulated other comprehensive income to other income, net and interest income, respectively.

X
- 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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration