Other comprehensive income (loss)

9 Months Ended

Sep. 30, 2025

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


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 September 30,				Nine Months Ended September 30,
(in thousands)	2025		2024		2025		2024
Amortization of postretirement benefit plan items:
Prior service credit	$	355	$	355	$	1,066	$	1,066	Other income, net
Net actuarial loss	(212)		(334)		(636)		(1,001)		Other income, net
Total amortization	143		21		430		65		Other income, net
Tax expense	(74)		(44)		(226)		(133)		Income tax provision
Amortization of postretirement benefit plan items, net of tax	69		(23)		204		(68)		Net income
Cash flow hedges:
Realized gain on cash flow hedges	—		830		—		2,640		Interest expense
Tax expense	—		(223)		—		(712)		Income tax provision
Realized gain on cash flow hedges, net of tax	—		607		—		1,928		Net income
Total reclassifications, net of tax	$	69	$	584	$	204	$	1,860

Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss for the nine months ended September 30, 2025 and September 30, 2024 were as follows:


(in thousands)	Postretirement benefit plans		Currency translation adjustment		Accumulated other comprehensive loss
Balance, December 31, 2024	$	(16,566)	$	(13,350)	$	(29,916)
Other comprehensive income before reclassifications	—		643		643
Amounts reclassified from accumulated other comprehensive loss	(204)		—		(204)
Net current-period other comprehensive (loss) income	(204)		643		439
Balance, September 30, 2025	$	(16,770)	$	(12,707)	$	(29,477)


(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.