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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Stockholders' Equity | 5. Stockholders' Equity: Accumulated Other Comprehensive Income (Loss) The following table presents the tax effects of each component of other comprehensive (loss) income for the three months ended March 31, 2023 and 2022, respectively:
|  | Three months ended March 31,
|  | 2023 |  | 2022
|  | Pre-tax amount |  | Tax benefit/ (expense) |  | After-tax amount |  | Pre-tax amount |  | Tax benefit/ (expense) |  | After-tax amount
Defined benefit and other postretirement plans: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of net loss |  | $ | (1) |  |  | $ | — |  |  | $ | (1) |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Amortization of prior service credit |  | (31) |  |  | 8 |  |  | (23) |  |  | (53) |  |  | 13 |  |  | (40) |
Benefit plans, net |  | (32) |  |  | 8 |  |  | (24) |  |  | (52) |  |  | 13 |  |  | (39) |
Net (loss) gain from hedging activities |  | (10,303) |  |  | 2,383 |  |  | (7,920) |  |  | 18,296 |  |  | (4,574) |  |  | 13,722 |
Foreign currency translation |  | 2,185 |  |  | — |  |  | 2,185 |  |  | (2,305) |  |  | — |  |  | (2,305) |
Other comprehensive (loss) income |  | $ | (8,150) |  |  | $ | 2,391 |  |  | $ | (5,759) |  |  | $ | 15,939 |  |  | $ | (4,561) |  |  | $ | 11,378 |
The following table presents the changes in accumulated other comprehensive income, net of tax, by component for the three months ended March 31, 2023 and 2022, respectively:
|  | Defined benefit and other postretirement plans |  | Net gain (loss) from hedging activities |  | Foreign currency translation |  | Total
December 31, 2022 |  | $ | 12,132 |  |  | $ | 26,636 |  |  | $ | (32,776) |  |  | $ | 5,992 |
Other comprehensive (loss) income before reclassifications |  | (48) |  |  | (7,394) |  |  | 2,185 |  |  | (5,257) |
Amounts reclassified from accumulated other comprehensive income(1) |  | 24 |  |  | (526) |  |  | — |  |  | (502) |
Net current period other comprehensive (loss) income |  | (24) |  |  | (7,920) |  |  | 2,185 |  |  | (5,759) |
March 31, 2023 |  | $ | 12,108 |  |  | $ | 18,716 |  |  | $ | (30,591) |  |  | $ | 233 |
December 31, 2021 |  | $ | 11,072 |  |  | $ | 2,254 |  |  | $ | (19,118) |  |  | $ | (5,792) |
Other comprehensive income (loss) before reclassifications |  | (78) |  |  | 13,208 |  |  | (2,305) |  |  | 10,825 |
Amounts reclassified from accumulated other comprehensive income(1) |  | 39 |  |  | 514 |  |  | — |  |  | 553 |
Net current period other comprehensive (loss) income |  | (39) |  |  | 13,722 |  |  | (2,305) |  |  | 11,378 |
March 31, 2022 |  | $ | 11,033 |  |  | $ | 15,976 |  |  | $ | (21,423) |  |  | $ | 5,586 |
(1)See the following table for details about these reclassifications. Amounts in parentheses indicate debits. The following table presents the reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2023 and 2022, respectively:
Details about Accumulated Other Comprehensive Income Components |  |  |  |  |  | Amounts Reclassified from Accumulated Other Comprehensive Income(1) |  | Affected Line Item where Income is Presented
|  |  |  | Three months ended March 31, |  |
|  |  |  |  |  | 2023 |  | 2022 |  |
Amortization of defined benefit and other postretirement items: |  |  |  |  |  |  |  |  |  |
Prior service credit |  |  |  |  |  | $ | (31) |  |  | $ | (53) |  |  | Other expense(2)
Actuarial gains |  |  |  |  |  | (1) |  |  | 1 |  |  | Other (expense) income(2)
|  |  |  |  |  | (32) |  |  | (52) |  |  | Total before tax
|  |  |  |  |  | 8 |  |  | 13 |  |  | Tax benefit
|  |  |  |  |  | $ | (24) |  |  | $ | (39) |  |  | Net of tax
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Interest rate caps |  |  |  |  |  | $ | 698 |  |  | $ | (683) |  |  | Interest expense
|  |  |  |  |  | (172) |  |  | 169 |  |  | Tax (expense) benefit
|  |  |  |  |  | $ | 526 |  |  | $ | (514) |  |  | Net of tax
Total reclassifications for the period |  |  |  |  |  | $ | 502 |  |  | $ | (553) |  |  | Net of tax
(1)Amounts in parentheses indicate debits to profit/loss. (2)These accumulated other comprehensive income (loss) components are components of net periodic pension and other postretirement cost (see Note 14 to these condensed consolidated financial statements for additional details). Treasury Stock Repurchases 2022 Stock Repurchase Program On April 27, 2022, the Board approved a stock repurchase program that permits the Company to purchase up to $450,000 of the Company’s common stock over the four-year period from the date of approval. Under the plan, the Company can repurchase shares from time to time for cash in open market transactions or in privately negotiated transactions in accordance with applicable federal securities laws. The Company will determine the timing and the amount of any repurchases based on its evaluation of market conditions, share price and other factors. During the three months ended March 31, 2023, in connection with a secondary offering of the Company’s common stock in March 2023, the Company repurchased 3,000,000 shares of its common stock sold in the offering from the underwriter at a price of $9.95 per share concurrently with the closing of the offering, for a total of $29,850. As of March 31, 2023, $283,448 was available for additional share repurchases under the program. Tax Withholdings on Equity Award Vesting In connection with the vesting of restricted stock awards, restricted stock units and performance stock units, shares of common stock may be delivered to the Company by employees to satisfy withholding tax obligations at the instruction of the employee award holders. These transactions, when they occur, are accounted for as stock repurchases by the Company, with the shares returned to treasury stock at a cost representing the payment by the Company of the tax obligations on behalf of the employees in lieu of shares for the vesting unit. There were 95,269 and 32,058 shares delivered to the Company to cover tax payments for the three months ended March 31, 2023 and 2022, respectively and the fair value of those shares withheld were $866 and $332 for the three months ended March 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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