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Other comprehensive income (loss) | 6 Months Ended
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Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Other comprehensive income (loss) |
NOTE 5: OTHER COMPREHENSIVE INCOME (LOSS)
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) |  |  |
(1) Relates to the sale of our North American web hosting business during the quarter ended June 30, 2023 (Note 6). 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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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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