Accumulated Other Comprehensive Income ("AOCI")

12 Months Ended

Dec. 31, 2022

Note 6 – Accumulated Other Comprehensive Income (“AOCI”)

The following tables set forth the total changes in AOCI by component, net of tax:


	Year Ended December 31, 2022									Year Ended December 31, 2021
				Cumulative									Cumulative
	Unrecognized			Translation						Unrecognized			Translation
	Benefit Cost			Adjustment			Total			Benefit Cost			Adjustment			Total
Balance at January 1	$	(5,496	)	$	(56,223	)	$	(61,719	)	$	(6,704	)	$	(47,847	)	$	(54,551	)
Other comprehensive income before reclassifications:
Loss on foreign currency translation adjustment		—			(9,272	)		(9,272	)		—			(8,376	)		(8,376	)
Gain on unfunded pension obligations		664			—			664			739			—			739

Amounts reclassified from AOCI:
Amortization of defined benefit pension actuarial gain (a)		340			—			340			469			—			469

Net current period other comprehensive income (loss)		1,004			(9,272	)		(8,268	)		1,208			(8,376	)		(7,168	)
Balance at December 31	$	(4,492	)	$	(65,495	)	$	(69,987	)	$	(5,496	)	$	(56,223	)	$	(61,719	)

(a)

This AOCI component is included in the computation of net periodic pension income (costs) as noted in Note 5 – Pension Plans.