XML 32 R13.htm IDEA: XBRL DOCUMENT v3.22.4
OTHER COMPREHENSIVE (LOSS) INCOME
 12 Months Ended
Dec. 31, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
OTHER COMPREHENSIVE (LOSS) INCOME
Reclassification adjustments – Information regarding amounts reclassified from accumulated other comprehensive loss to net income was as follows:
Accumulated other comprehensive loss componentsAmounts reclassified from accumulated other comprehensive lossAffected line item in consolidated statements of income
(in thousands)202220212020
Amortization of postretirement benefit plan items:
Prior service credit$1,421 $1,421 $1,421 Other income
Net actuarial loss(900)(1,629)(2,301)Other income
Total amortization521 (208)(880)Other income
Tax (expense) benefit(315)(123)46 Income tax provision
Amortization of postretirement benefit plan items, net of tax
206 (331)(834)Net income
Debt securities:
Realized (loss) gain on debt securities(8)— 206 Service revenue
Tax benefit (expense)
2 — (53)Income tax provision
Realized (loss) gain on debt securities, net of tax(6)— 153 Net income
Cash flow hedges:
Realized gain (loss) on cash flow hedges
20 (1,384)(968)Interest expense
Tax (expense) benefit
(5)361 249 Income tax provision
Realized gain (loss) on cash flow hedges, net of tax
15 (1,023)(719)Net income
Foreign currency translation adjustment(1)
(5,550)— — Gain on sale of businesses and facility
Total reclassifications, net of tax
$(5,335)$(1,354)$(1,400)

(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 were as follows:
(in thousands)Postretirement benefit plansNet unrealized loss on debt securitiesNet unrealized loss on cash flow hedgesForeign currency translation adjustmentAccumulated other comprehensive loss
Balance, December 31, 2019
$(28,406)$(275)$(1,097)$(18,169)$(47,947)
Other comprehensive income (loss) before reclassifications
5,616 338 (4,973)4,133 5,114 
Amounts reclassified from accumulated other comprehensive loss
834 (153)719 — 1,400 
Net other comprehensive income (loss)
6,450 185 (4,254)4,133 6,514 
Balance, December 31, 2020
(21,956)(90)(5,351)(14,036)(41,433)
Other comprehensive income (loss) before reclassifications
6,194 (254)2,067 580 8,587 
Amounts reclassified from accumulated other comprehensive loss
331 — 1,023 — 1,354 
Net other comprehensive income (loss)
6,525 (254)3,090 580 9,941 
Balance, December 31, 2021
(15,431)(344)(2,261)(13,456)(31,492)
Other comprehensive (loss) income before reclassifications
(11,235)(571)4,869 (4,170)(11,107)
Amounts reclassified from accumulated other comprehensive loss
(206)6 (15)5,550 5,335 
Net other comprehensive (loss) income
(11,441)(565)4,854 1,380 (5,772)
Balance, December 31, 2022
$(26,872)$(909)$2,593 $(12,076)$(37,264)