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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2023
Accumulated Other Comprehensive Income Loss [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 17. Accumulated Other Comprehensive Income (Loss)

 

Changes in AOCI by component are as follows:

 

(in thousands)

 

Cumulative
Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Unrealized Gain on Interest Rate Cap

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at December 31, 2022

 

$

(42,983

)

 

$

(4,202

)

 

$

 

 

$

(47,185

)

Other comprehensive income before reclassifications

 

 

7,950

 

 

 

 

 

 

681

 

 

 

8,631

 

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

27

 

 

 

(243

)

 

 

(216

)

Net other comprehensive income

 

 

7,950

 

 

 

27

 

 

 

438

 

 

 

8,415

 

Balance at June 30, 2023

 

$

(35,033

)

 

$

(4,175

)

 

$

438

 

 

$

(38,770

)

 

(in thousands)

 

Cumulative
Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at December 31, 2021

 

$

(16,162

)

 

$

(11,267

)

 

$

(27,429

)

Other comprehensive loss before reclassifications

 

 

(8,131

)

 

 

 

 

 

(8,131

)

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

466

 

 

 

466

 

Net other comprehensive income (loss)

 

 

(8,131

)

 

 

466

 

 

 

(7,665

)

Balance at June 30, 2022

 

$

(24,293

)

 

$

(10,801

)

 

$

(35,094

)

 

Amounts reclassified from AOCI that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. We recorded these costs as components of net periodic cost for each period presented. Refer to Note 19 – Pension and Postretirement Benefits for additional information.