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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Comprehensive income for the years ended December 31, 2024 and 2023:

Dollars in thousands						2024						2023						2022
Net (loss) income						$	(6,944)					$	67,741					$	180,550
Foreign currency translation adjustment, net of tax						(18,904)						(12,103)						(17,807)
Change in unrealized loss/(gain) on derivatives, net of tax						5,123						(6,658)						65,798
Pension liability adjustment, net of tax						1,316						(6,610)						7,429
Comprehensive income, net						$	(19,409)					$	42,370					$	235,970

Changes in accumulated other comprehensive loss by component between December 31, 2024 and 2023 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, 2023						$	21,489					$	2,712					$	(39,307)					$	(15,106)
Other comprehensive gain (loss)						50,119						2,040						(11,123)						41,036
Less: Amounts reclassified from accumulated other comprehensive income, net						44,996						724						7,781						53,501
Net current-period other comprehensive gain (loss)						5,123						1,316						(18,904)						(12,465)
Balance at December 31, 2024						$	26,612					$	4,028					$	(58,211)					$	(27,571)

For the year ended December 31, 2024, the Company reclassified gains of $32.3 million and $21.2 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/1943274/2147477250/944-220-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

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- References

No definition available.

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