Other comprehensive income

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Reclassification adjustments – Information regarding amounts reclassified from accumulated other comprehensive loss to net income was as follows:


Accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss								Affected line item in consolidated statements of comprehensive income
	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Amortization of postretirement benefit plan items:
Prior service credit	$	355	$	355	$	1,066	$	1,066	Other income
Net actuarial loss	(225)		(407)		(674)		(1,221)		Other income
Total amortization	130		(52)		392		(155)		Other income
Tax expense	(79)		(30)		(237)		(93)		Income tax provision
Amortization of postretirement benefit plan items, net of tax	51		(82)		155		(248)		Net income
Realized loss on debt securities	—		—		(8)		—		Revenue
Tax benefit	—		—		2		—		Income tax provision
Realized loss on debt securities, net of tax	—		—		(6)		—		Net income
Realized gain (loss) on cash flow hedges	53		(371)		(412)		(1,035)		Interest expense
Tax (expense) benefit	(15)		97		109		271		Income tax provision
Realized gain (loss) on cash flow hedges, net of tax	38		(274)		(303)		(764)		Net income
Currency translation adjustment(1)	—		—		(5,550)		—		Gain on sale of businesses and facility
Total reclassifications, net of tax	$	89	$	(356)	$	(5,704)	$	(1,012)

(1) Relates to the sale of our Australian web hosting business during the quarter ended June 30, 2022. Further information can be found in Note 6.

Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss during the nine months ended September 30, 2022 were as follows:


(in thousands)	Postretirement benefit plans		Net unrealized loss on debt securities(1)		Net unrealized loss on cash flow hedges(2)		Currency translation adjustment		Accumulated other comprehensive loss
Balance, December 31, 2021	$	(15,431)	$	(344)	$	(2,261)	$	(13,456)	$	(31,492)
Other comprehensive (loss) income before reclassifications	—		(566)		4,712		(6,006)		(1,860)
Amounts reclassified from accumulated other comprehensive loss	(155)		6		303		5,550		5,704
Net current-period other comprehensive (loss) income	(155)		(560)		5,015		(456)		3,844
Balance, September 30, 2022	$	(15,586)	$	(904)	$	2,754	$	(13,912)	$	(27,648)

(1) Other comprehensive loss before reclassifications is net of an income tax benefit of $197.

(2) Other comprehensive income before reclassifications is net of income tax expense of $1,701.