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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Income (Losses) | The following table sets forth details of the changes in accumulated other comprehensive income (losses) for the three months and six months ended June 30, 2023 and 2022.
In thousands | Currency translation adjustments |  | Unrealized gain (loss) on derivatives |  | Change in pensions |  | Change in other postretirement defined benefit plans |  | Total
Balance at April 1, 2023 | $ | (99,579) |  |  | $ | 11,333 |  |  | $ | (2,587) |  |  | $ | 410 |  |  | $ | (90,423) |
Other comprehensive income before reclassifications (net of tax) | 2,820 |  |  | 57 |  |  | — |  |  | — |  |  | 2,877 |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (68) |  |  | 25 |  |  | (7) |  |  | (50) |
Net current period other comprehensive income (loss) | 2,820 |  |  | (11) |  |  | 25 |  |  | (7) |  |  | 2,827 |
Balance at June 30, 2023 | $ | (96,759) |  |  | $ | 11,322 |  |  | $ | (2,562) |  |  | $ | 403 |  |  | $ | (87,596) |
Balance at April 1, 2022 | $ | (80,672) |  |  | $ | 1,631 |  |  | $ | (11,356) |  |  | $ | (1,027) |  |  | $ | (91,424) |
Other comprehensive income (loss) before reclassifications (net of tax) | (28,675) |  |  | 9,760 |  |  | — |  |  | — |  |  | (18,915) |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (1,226) |  |  | 126 |  |  | 26 |  |  | (1,074) |
Net current period other comprehensive income (loss) | (28,675) |  |  | 8,534 |  |  | 126 |  |  | 26 |  |  | (19,989) |
Balance at June 30, 2022 | $ | (109,347) |  |  | $ | 10,165 |  |  | $ | (11,230) |  |  | $ | (1,001) |  |  | $ | (111,413) |
Balance at January 1, 2023 | $ | (106,242) |  |  | $ | 11,176 |  |  | $ | (3,247) |  |  | $ | 418 |  |  | $ | (97,895) |
Other comprehensive income before reclassifications (net of tax) | 9,483 |  |  | 1,613 |  |  | — |  |  | — |  |  | 11,096 |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (1,467) |  |  | 685 |  |  | (15) |  |  | (797) |
Net current period other comprehensive income (loss) | 9,483 |  |  | 146 |  |  | 685 |  |  | (15) |  |  | 10,299 |
Balance at June 30, 2023 | $ | (96,759) |  |  | $ | 11,322 |  |  | $ | (2,562) |  |  | $ | 403 |  |  | $ | (87,596) |
Balance at January 1, 2022 | $ | (69,757) |  |  | $ | 1,988 |  |  | $ | (11,482) |  |  | $ | (1,053) |  |  | $ | (80,304) |
Other comprehensive income (loss) before reclassifications (net of tax) | (39,590) |  |  | 10,143 |  |  | — |  |  | — |  |  | (29,447) |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (1,966) |  |  | 252 |  |  | 52 |  |  | (1,662) |
Net current period other comprehensive income (loss) | (39,590) |  |  | 8,177 |  |  | 252 |  |  | 52 |  |  | (31,109) |
Balance at June 30, 2022 | $ | (109,347) |  |  | $ | 10,165 |  |  | $ | (11,230) |  |  | $ | (1,001) |  |  | $ | (111,413) |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income and Into the Condensed Consolidated Statements of Income | Reclassifications out of accumulated other comprehensive income and into the condensed consolidated statements of income were as follows:
|  | Three months ended June 30, |  | Six months ended June 30, |  |
In thousands |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Description |  |  |  |  |  |  |  |  |  | Line Item in Statements of Income
Cash flow hedges (Note 18) |  |  |  |  |  |  |  |  |  |
Gains on cash flow hedges |  | $ | (400) |  |  | $ | (1,697) |  |  | $ | (1,318) |  |  | $ | (2,769) |  |  | Costs of products sold
Tax expense (benefit) |  | 332 |  |  | 480 |  |  | (149) |  |  | 792 |  |  | Income tax provision
Net of tax |  | (68) |  |  | (1,217) |  |  | (1,467) |  |  | (1,977) |  |  |
Loss (gain) on interest rate swaps |  | — |  |  | (9) |  |  | — |  |  | 11 |  |  | Interest expense
Tax expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Income tax provision
Net of tax |  | — |  |  | (9) |  |  | — |  |  | 11 |  |  |
Total cash flow hedges |  | (68) |  |  | (1,226) |  |  | (1,467) |  |  | (1,966) |  |  |
Retirement plan obligations (Note 11) |  |  |  |  |  |  |  |  |  |
Amortization of deferred benefit pension plans |  |  |  |  |  |  |  |  |  |
Prior service costs |  | 6 |  |  | 11 |  |  | 12 |  |  | 22 |  |  | Other, net
Actuarial losses |  | 21 |  |  | 164 |  |  | 43 |  |  | 331 |  |  | Other, net
Pension settlement |  | — |  |  | — |  |  | 633 |  |  | — |  |  | Other, net
|  | 27 |  |  | 175 |  |  | 688 |  |  | 353 |  |  |
Tax benefit |  | (2) |  |  | (49) |  |  | (3) |  |  | (101) |  |  | Income tax provision
Net of tax |  | 25 |  |  | 126 |  |  | 685 |  |  | 252 |  |  |
Amortization of deferred benefit other plans |  |  |  |  |  |  |  |  |  |
Prior service costs |  | 5 |  |  | 26 |  |  | 10 |  |  | 52 |  |  | Other, net
Actuarial gain |  | (12) |  |  | — |  |  | (25) |  |  | — |  |  | Other, net
|  | (7) |  |  | 26 |  |  | (15) |  |  | 52 |  |  |
Tax expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Income tax provision
Net of tax |  | (7) |  |  | 26 |  |  | (15) |  |  | 52 |  |  |
Total reclassifications, net of tax |  | $ | (50) |  |  | $ | (1,074) |  |  | $ | (797) |  |  | $ | (1,662) |  |  |

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