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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Income Loss [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 16. 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 (Loss) on Interest Rate Cap

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at December 31, 2023

 

$

(35,340

)

 

$

(4,403

)

 

$

(651

)

 

$

(40,394

)

Other comprehensive income before reclassifications

 

 

(7,502

)

 

 

 

 

 

150

 

 

 

(7,352

)

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

104

 

 

 

68

 

 

 

172

 

Net other comprehensive income

 

 

(7,502

)

 

 

104

 

 

 

218

 

 

 

(7,180

)

Balance at March 31, 2024

 

$

(42,842

)

 

$

(4,299

)

 

$

(433

)

 

$

(47,574

)

 

(in thousands)

 

Cumulative
Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Unrealized Loss on Interest Rate Cap

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at December 31, 2022

 

$

(42,983

)

 

$

(4,202

)

 

$

 

 

$

(47,185

)

Other comprehensive income (loss) before reclassifications

 

 

1,195

 

 

 

 

 

 

(800

)

 

 

395

 

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

(10

)

 

 

 

 

 

(10

)

Net other comprehensive income (loss)

 

 

1,195

 

 

 

(10

)

 

 

(800

)

 

 

385

 

Balance at March 31, 2023

 

$

(41,788

)

 

$

(4,212

)

 

$

(800

)

 

$

(46,800

)

 

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 18 – Pension and Postretirement Benefits for additional information.