Accumulated Other Comprehensive Income ("AOCI")

6 Months Ended

Jun. 30, 2023

Note 7 – Accumulated Other Comprehensive Income (“AOCI”)

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


	Three Months Ended June 30, 2023									Three Months Ended June 30, 2022
				Cumulative									Cumulative
	Unrecognized			Translation						Unrecognized			Translation
	Benefit Cost			Adjustment			Total			Benefit Cost			Adjustment			Total
Balance at April 1	$	(4,403	)	$	(61,573	)	$	(65,976	)	$	(5,407	)	$	(54,122	)	$	(59,529	)
Other comprehensive income before reclassifications:
Gain on foreign currency translation adjustment		—			2,301			2,301			—			(10,190	)		(10,190	)
Amounts reclassified from AOCI:
Amortization of defined benefit pension actuarial gain (a)		89			—			89			90			—			90

Net current period other comprehensive income (loss)		89			2,301			2,390			90			(10,190	)		(10,100	)
Balance at June 30	$	(4,314	)	$	(59,272	)	$	(63,586	)	$	(5,317	)	$	(64,312	)	$	(69,629	)

	Six Months Ended June 30, 2023									Six Months Ended June 30, 2022
				Cumulative									Cumulative
	Unrecognized			Translation						Unrecognized			Translation
	Benefit Cost			Adjustment			Total			Benefit Cost			Adjustment			Total
Balance at January 1	$	(4,492	)	$	(65,495	)	$	(69,987	)	$	(5,496	)	$	(56,223	)	$	(61,719	)
Other comprehensive income before reclassifications:
Gain on foreign currency translation adjustment		—			6,223			6,223			—			(8,089	)		(8,089	)
Amounts reclassified from AOCI:
Amortization of defined benefit pension actuarial gain (a)		178			—			178			179			—			179

Net current period other comprehensive income (loss)		178			6,223			6,401			179			(8,089	)		(7,910	)
Balance at June 30	$	(4,314	)	$	(59,272	)	$	(63,586	)	$	(5,317	)	$	(64,312	)	$	(69,629	)

(a)

This AOCI component is included in the computation of net periodic pension expense (income) as noted in Note 6 – Pension Plans.