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Other comprehensive income (loss) (Tables) | 6 Months Ended
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Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Reclassification adjustments | 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 June 30, |  | Six Months Ended June 30, |  |
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Amortization of postretirement benefit plan items: |  |  |  |  |  |  |  |  |  |
Prior service credit |  | $ | 355 |  |  | $ | 355 |  |  | $ | 711 |  |  | $ | 711 |  |  | Other income
Net actuarial loss |  | (334) |  |  | (568) |  |  | (667) |  |  | (1,137) |  |  | Other income
Total amortization |  | 21 |  |  | (213) |  |  | 44 |  |  | (426) |  |  | Other income
Tax (expense) benefit |  | (44) |  |  | 16 |  |  | (89) |  |  | 32 |  |  | Income tax provision
Amortization of postretirement benefit plan items, net of tax |  | (23) |  |  | (197) |  |  | (45) |  |  | (394) |  |  | Net income
Realized gain on cash flow hedges |  | 895 |  |  | 634 |  |  | 1,810 |  |  | 1,204 |  |  | Interest expense
Tax expense |  | (242) |  |  | (169) |  |  | (489) |  |  | (321) |  |  | Income tax provision
Realized gain on cash flow hedges, net of tax |  | 653 |  |  | 465 |  |  | 1,321 |  |  | 883 |  |  | Net income
Currency translation adjustment(1) |  | — |  |  | (863) |  |  | — |  |  | (863) |  |  | Gain on sale of businesses and long-lived assets
Total reclassifications, net of tax |  | $ | 630 |  |  | $ | (595) |  |  | $ | 1,276 |  |  | $ | (374) |  |  |
Accumulated other comprehensive loss | Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss for the six months ended June 30, 2024 and 2023 were as follows:
(in thousands) |  | Postretirement benefit plans |  | Net unrealized gain on cash flow hedges(1) |  | Currency translation adjustment |  | Accumulated other comprehensive loss
Balance, December 31, 2023 |  | $ | (19,824) |  |  | $ | (286) |  |  | $ | (9,918) |  |  | $ | (30,028) |
Other comprehensive income (loss) before reclassifications |  | — |  |  | 6,903 |  |  | (1,499) |  |  | 5,404 |
Amounts reclassified from accumulated other comprehensive loss |  | 45 |  |  | (1,321) |  |  | — |  |  | (1,276) |
Net current-period other comprehensive income (loss) |  | 45 |  |  | 5,582 |  |  | (1,499) |  |  | 4,128 |
Balance, June 30, 2024 |  | $ | (19,779) |  |  | $ | 5,296 |  |  | $ | (11,417) |  |  | $ | (25,900) |
(1) Other comprehensive income before reclassifications is net of income tax expense of $2,553.
(in thousands) |  | Postretirement benefit plans |  | Net unrealized loss on debt securities(1) |  | Net unrealized gain on cash flow hedges(2) |  | Currency translation adjustment |  | Accumulated other comprehensive loss
Balance, December 31, 2022 |  | $ | (26,872) |  |  | $ | (909) |  |  | $ | 2,593 |  |  | $ | (12,076) |  |  | $ | (37,264) |
Other comprehensive (loss) income before reclassifications |  | — |  |  | (8) |  |  | 4,858 |  |  | 1,149 |  |  | 5,999 |
Amounts reclassified from accumulated other comprehensive loss |  | 394 |  |  | — |  |  | (883) |  |  | 863 |  |  | 374 |
Net current-period other comprehensive income (loss) |  | 394 |  |  | (8) |  |  | 3,975 |  |  | 2,012 |  |  | 6,373 |
Balance, June 30, 2023 |  | $ | (26,478) |  |  | $ | (917) |  |  | $ | 6,568 |  |  | $ | (10,064) |  |  | $ | (30,891) |
(1) Other comprehensive loss before reclassifications is net of an income tax benefit of $3. (2) Other comprehensive income before reclassifications is net of income tax expense of $1,768.

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