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Accumulated Other Comprehensive Income ("AOCI") (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30, 2024

 

 

Three Months Ended June 30, 2023

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

Balance at April 1

 

$

(4,389

)

 

$

(62,393

)

 

$

(66,782

)

 

$

(4,403

)

 

$

(61,573

)

 

$

(65,976

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

 

—

 

 

 

(5,971

)

 

 

(5,971

)

 

 

—

 

 

 

2,301

 

 

 

2,301

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension actuarial gain (a)

 

 

89

 

 

 

—

 

 

 

89

 

 

 

89

 

 

 

—

 

 

 

89

 

Net current period other comprehensive income (loss)

 

 

89

 

 

 

(5,971

)

 

 

(5,882

)

 

 

89

 

 

 

2,301

 

 

 

2,390

 

Balance at June 30

 

$

(4,300

)

 

$

(68,364

)

 

$

(72,664

)

 

$

(4,314

)

 

$

(59,272

)

 

$

(63,586

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2024

 

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

 

 

Cumulative

 

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

Unrecognized

 

 

Translation

 

 

 

 

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

 

Benefit Cost

 

 

Adjustment

 

 

Total

 

Balance at January 1

 

$

(4,478

)

 

$

(55,828

)

 

$

(60,306

)

 

$

(4,492

)

 

$

(65,495

)

 

$

(69,987

)

Other comprehensive income before reclassifications:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

 

—

 

 

 

(12,536

)

 

 

(12,536

)

 

 

—

 

 

 

6,223

 

 

 

6,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of defined benefit pension actuarial gain (a)

 

 

178

 

 

 

—

 

 

 

178

 

 

 

178

 

 

 

—

 

 

 

178

 

Net current period other comprehensive income (loss)

 

 

178

 

 

 

(12,536

)

 

 

(12,358

)

 

 

178

 

 

 

6,223

 

 

 

6,401

 

Balance at June 30

 

$

(4,300

)

 

$

(68,364

)

 

$

(72,664

)

 

$

(4,314

)

 

$

(59,272

)

 

$

(63,586

)

 

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