Other comprehensive income (loss) (Tables)

9 Months Ended

Sep. 30, 2024

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

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


Accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss								Affected line item in consolidated statements of comprehensive income (loss)
	Quarter Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Amortization of postretirement benefit plan items:
Prior service credit	$	355	$	355	$	1,066	$	1,066	Other income
Net actuarial loss	(334)		(568)		(1,001)		(1,705)		Other income
Total amortization	21		(213)		65		(639)		Other income
Tax (expense) benefit	(44)		17		(133)		49		Income tax (provision) benefit
Amortization of postretirement benefit plan items, net of tax	(23)		(196)		(68)		(590)		Net income (loss)
Realized gain on cash flow hedges	830		984		2,640		2,191		Interest expense
Tax expense	(223)		(264)		(712)		(588)		Income tax (provision) benefit
Realized gain on cash flow hedges, net of tax	607		720		1,928		1,603		Net income (loss)
Currency translation adjustment(1)	—		—		—		(863)		Gain (loss) on sale of businesses and long-lived assets
Total reclassifications, net of tax	$	584	$	524	$	1,860	$	150

(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

Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss for the nine months ended September 30, 2024 and 2023 were as follows:


(in thousands)	Postretirement benefit plans		Net unrealized loss 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 loss before reclassifications	—		(1,013)		(951)		(1,964)
Amounts reclassified from accumulated other comprehensive loss	68		(1,928)		—		(1,860)
Net current-period other comprehensive income (loss)	68		(2,941)		(951)		(3,824)
Balance, September 30, 2024	$	(19,756)	$	(3,227)	$	(10,869)	$	(33,852)

(1) Other comprehensive loss before reclassifications is net of an income tax benefit of $375.


(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	—		(183)		8,487		460		8,764
Amounts reclassified from accumulated other comprehensive loss	590		—		(1,603)		863		(150)
Net current-period other comprehensive income (loss)	590		(183)		6,884		1,323		8,614
Balance, September 30, 2023	$	(26,282)	$	(1,092)	$	9,477	$	(10,753)	$	(28,650)

(1) Other comprehensive loss before reclassifications is net of an income tax benefit of $63.

(2) Other comprehensive income before reclassifications is net of income tax expense of $3,114.