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Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Summary of Total Changes in AOCI by Component, Net of Tax

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

 

 

 

Three Months Ended September 30, 2023

 

 

Three Months Ended September 30, 2022

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

Balance at July 1

 

$

(4,314

)

 

$

(59,272

)

 

$

(63,586

)

 

$

(5,317

)

 

$

(64,312

)

 

$

(69,629

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

 

—

 

 

 

(6,934

)

 

 

(6,934

)

 

 

—

 

 

 

(12,199

)

 

 

(12,199

)

Amounts reclassified from AOCI:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension actuarial gain (a)

 

 

89

 

 

 

—

 

 

 

89

 

 

 

71

 

 

 

—

 

 

 

71

 

Net current period other comprehensive income (loss)

 

 

89

 

 

 

(6,934

)

 

 

(6,845

)

 

 

71

 

 

 

(12,199

)

 

 

(12,128

)

Balance at September 30

 

$

(4,225

)

 

$

(66,206

)

 

$

(70,431

)

 

$

(5,246

)

 

$

(76,511

)

 

$

(81,757

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2023

 

 

Nine Months Ended September 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

 

—

 

 

 

(711

)

 

 

(711

)

 

 

—

 

 

 

(20,288

)

 

 

(20,288

)

Gain on unfunded pension obligations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Amortization of defined benefit pension actuarial gain (a)

 

 

267

 

 

 

—

 

 

 

267

 

 

 

250

 

 

 

—

 

 

 

250

 

Net current period other comprehensive income (loss)

 

 

267

 

 

 

(711

)

 

 

(444

)

 

 

250

 

 

 

(20,288

)

 

 

(20,038

)

Balance at September 30

 

$

(4,225

)

 

$

(66,206

)

 

$

(70,431

)

 

$

(5,246

)

 

$

(76,511

)

 

$

(81,757

)

 

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