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Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2022
Comprehensive Income |
Schedule of comprehensive income | Comprehensive income for the three and six months ended June 30, 2022 and 2021, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
​ | ​ | (Dollars in thousands)
Net earnings | ​ | $ | 4,495 | ​ | $ | 3,820 | ​ | $ | 8,548 | ​ | $ | 5,145
Foreign currency translation adjustments | ​ |  | (1,235) | ​ |  | 176 | ​ |  | (714) | ​ |  | 33
Pension liability, net of tax of $60, $65, $114, and $129, respectively | ​ |  | 170 | ​ |  | 182 | ​ |  | 324 | ​ |  | 365
Total comprehensive income | ​ | $ | 3,430 | ​ | $ | 4,178 | ​ | $ | 8,158 | ​ | $ | 5,543
Schedule of accumulated other comprehensive loss | The components of accumulated other comprehensive loss as recorded in the Consolidated Condensed Balance Sheets (Unaudited) were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2022 | ​ | 2021
​ | ​ | (Dollars in thousands)
Foreign currency translation adjustments | ​ | $ | (7,497) | ​ | $ | (6,783)
Pension liability, net of tax | ​ |  | (17,687) | ​ |  | (18,011)
Total accumulated other comprehensive loss | ​ | $ | (25,184) | ​ | $ | (24,794)
Schedule of changes in accumulated other comprehensive loss | The following tables show changes in accumulated other comprehensive loss during the six months ended June 30, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Defined |  | ​ | ​
​ | ​ | Foreign Currency | ​ | Benefit | ​ | ​ | ​
​ | ​ | Translation | ​ | Pension | ​ | ​ | ​
​ | ​ | Adjustments | ​ | Items | ​ | Total
Beginning balance, December 31, 2021 | ​ | $ | (6,783) | ​ | $ | (18,011) | ​ | $ | (24,794)
Other comprehensive loss before reclassifications | ​ | ​ | (714) | ​ | ​ | — | ​ | ​ | (714)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 324 | ​ | ​ | 324
Net current period other comprehensive (loss) income | ​ | ​ | (714) | ​ | ​ | 324 | ​ | ​ | (390)
Ending balance, June 30, 2022 | ​ | $ | (7,497) | ​ | $ | (17,687) | ​ | $ | (25,184)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Defined |  | ​ | ​
​ | ​ | Foreign Currency | ​ | Benefit | ​ | ​ | ​
​ | ​ | Translation | ​ | Pension | ​ | ​ | ​
​ | ​ | Adjustments | ​ | Items | ​ | Total
Beginning balance, December 31, 2020 | ​ | $ | (6,050) | ​ | $ | (21,955) | ​ | $ | (28,005)
Other comprehensive income before reclassifications | ​ | ​ | 33 | ​ | ​ | — | ​ | ​ | 33
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 365 | ​ | ​ | 365
Net current period other comprehensive income |  | ​ | 33 |  | ​ | 365 |  | ​ | 398
Ending balance, June 30, 2021 | ​ | $ | (6,017) | ​ | $ | (21,590) | ​ | $ | (27,607)
Schedule of reclassification adjustments out of accumulated other comprehensive loss | The following table shows reclassification adjustments out of accumulated other comprehensive loss during the three and six month periods ended June 30, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts Reclassified from Accumulated Other Comprehensive Loss | ​ | Affected line item in the
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​ | statement where net income is
​ |  | 2022 |  | 2021 | ​ | 2022 | ​ | 2021 |  | presented
Amortization of defined benefit pension items |  | ​ |  |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  |
Prior service cost | ​ | $ | 1 | ​ | $ | (15) | ​ | $ | 3 | ​ | $ | (31) | (1) | Other income, net
Actuarial losses | ​ |  | 229 | ​ | ​ | 262 | ​ | ​ | 435 | ​ |  | 525 | (1) | Other income, net
Total before tax | ​ |  | 230 | ​ | ​ | 247 | ​ | ​ | 438 | ​ |  | 494 |  |
Tax benefit | ​ |  | (60) | ​ | ​ | (65) | ​ | ​ | (114) | ​ |  | (129) |  |
Net of tax | ​ | $ | 170 | ​ | $ | 182 | ​ | $ | 324 | ​ | $ | 365 |  |
| (1) | These amounts were included in pension expense. See Note 8 for additional details.

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