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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 9 Months Ended
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Sep. 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 and nine months ended September 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 July 1, 2023 | $ | (96,759) |  |  | $ | 11,322 |  |  | $ | (2,562) |  |  | $ | 403 |  |  | $ | (87,596) |
Other comprehensive income (loss) before reclassifications (net of tax) | (7,185) |  |  | 1,515 |  |  | — |  |  | — |  |  | (5,670) |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (484) |  |  | 19 |  |  | (8) |  |  | (473) |
Net current period other comprehensive income (loss) | (7,185) |  |  | 1,031 |  |  | 19 |  |  | (8) |  |  | (6,143) |
Balance at September 30, 2023 | $ | (103,944) |  |  | $ | 12,353 |  |  | $ | (2,543) |  |  | $ | 395 |  |  | $ | (93,739) |
Balance at July 1, 2022 | $ | (109,347) |  |  | $ | 10,165 |  |  | $ | (11,230) |  |  | $ | (1,001) |  |  | $ | (111,413) |
Other comprehensive income (loss) before reclassifications (net of tax) | (24,394) |  |  | 7,665 |  |  | — |  |  | — |  |  | (16,729) |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (1,794) |  |  | 207 |  |  | 26 |  |  | (1,561) |
Net current period other comprehensive income (loss) | (24,394) |  |  | 5,871 |  |  | 207 |  |  | 26 |  |  | (18,290) |
Balance at September 30, 2022 | $ | (133,741) |  |  | $ | 16,036 |  |  | $ | (11,023) |  |  | $ | (975) |  |  | $ | (129,703) |
Balance at January 1, 2023 | $ | (106,242) |  |  | $ | 11,176 |  |  | $ | (3,247) |  |  | $ | 418 |  |  | $ | (97,895) |
Other comprehensive income before reclassifications (net of tax) | 2,298 |  |  | 3,128 |  |  | — |  |  | — |  |  | 5,426 |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (1,951) |  |  | 704 |  |  | (23) |  |  | (1,270) |
Net current period other comprehensive income (loss) | 2,298 |  |  | 1,177 |  |  | 704 |  |  | (23) |  |  | 4,156 |
Balance at September 30, 2023 | $ | (103,944) |  |  | $ | 12,353 |  |  | $ | (2,543) |  |  | $ | 395 |  |  | $ | (93,739) |
Balance at January 1, 2022 | $ | (69,757) |  |  | $ | 1,988 |  |  | $ | (11,482) |  |  | $ | (1,053) |  |  | $ | (80,304) |
Other comprehensive income (loss) before reclassifications (net of tax) | (63,984) |  |  | 17,808 |  |  | — |  |  | — |  |  | (46,176) |
Amounts reclassified from accumulated other comprehensive income (net of tax) | — |  |  | (3,760) |  |  | 459 |  |  | 78 |  |  | (3,223) |
Net current period other comprehensive income (loss) | (63,984) |  |  | 14,048 |  |  | 459 |  |  | 78 |  |  | (49,399) |
Balance at September 30, 2022 | $ | (133,741) |  |  | $ | 16,036 |  |  | $ | (11,023) |  |  | $ | (975) |  |  | $ | (129,703) |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income | Reclassifications out of accumulated other comprehensive income and into the condensed consolidated statements of income were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30, |  |
In thousands |  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Description |  |  |  |  |  |  |  |  |  | Line Item in Statements of Income
Cash flow hedges (Note 18) |  |  |  |  |  |  |  |  |  |
Gains on cash flow hedges |  | $ | (261) |  |  | $ | (2,275) |  |  | $ | (1,579) |  |  | $ | (5,044) |  |  | Costs of products sold
Tax expense |  | (223) |  |  | 654 |  |  | (372) |  |  | 1,446 |  |  | Income tax provision
Net of tax |  | (484) |  |  | (1,621) |  |  | (1,951) |  |  | (3,598) |  |  |
Loss (gain) on interest rate swaps |  | — |  |  | (173) |  |  | — |  |  | (162) |  |  | Interest expense
Tax expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Income tax provision
Net of tax |  | — |  |  | (173) |  |  | — |  |  | (162) |  |  |
Total cash flow hedges |  | (484) |  |  | (1,794) |  |  | (1,951) |  |  | (3,760) |  |  |
Retirement plan obligations (Note 11) |  |  |  |  |  |  |  |  |  |
Amortization of deferred benefit pension plans |  |  |  |  |  |  |  |  |  |
Prior service costs |  | 4 |  |  | (5) |  |  | 16 |  |  | 17 |  |  | Other, net
Actuarial losses |  | 21 |  |  | 161 |  |  | 64 |  |  | 492 |  |  | Other, net
Pension settlement |  | — |  |  | — |  |  | 633 |  |  | — |  |  | Other, net
|  | 25 |  |  | 156 |  |  | 713 |  |  | 509 |  |  |
Tax benefit |  | (6) |  |  | 51 |  |  | (9) |  |  | (50) |  |  | Income tax provision
Net of tax |  | 19 |  |  | 207 |  |  | 704 |  |  | 459 |  |  |
Amortization of deferred benefit other plans |  |  |  |  |  |  |  |  |  |
Prior service costs |  | 6 |  |  | 26 |  |  | 16 |  |  | 78 |  |  | Other, net
Actuarial gain |  | (14) |  |  | — |  |  | (39) |  |  | — |  |  | Other, net
|  | (8) |  |  | 26 |  |  | (23) |  |  | 78 |  |  |
Tax expense |  | — |  |  | — |  |  | — |  |  | — |  |  | Income tax provision
Net of tax |  | (8) |  |  | 26 |  |  | (23) |  |  | 78 |  |  |
Total reclassifications, net of tax |  | $ | (473) |  |  | $ | (1,561) |  |  | $ | (1,270) |  |  | $ | (3,223) |  |  |

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