ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2023

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)

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)