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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Comprehensive Income (Loss) | 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 |
Schedule of Changes in Accumulated Other Comprehensive Loss by Component | 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) |

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
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