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v3.23.1

Comprehensive Income | 3 Months Ended
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Mar. 31, 2023
Comprehensive Income |
Comprehensive Income | 13. Comprehensive Income Comprehensive income for the three months ended March 31, 2023 and 2022, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2023 |  | 2022
​ | ​ | (Dollars in thousands)
Net earnings | ​ | $ | 7,445 | ​ | $ | 4,053
Foreign currency translation adjustments | ​ |  | (306) | ​ |  | 521
Pension liability, net of tax of $35 and $54, respectively | ​ |  | 99 | ​ |  | 154
Total comprehensive income | ​ | $ | 7,238 | ​ | $ | 4,728
​ The components of accumulated other comprehensive loss as recorded in the Consolidated Condensed Balance Sheets (Unaudited) were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, |  | December 31,
​ | ​ | 2023 | ​ | 2022
​ | ​ | (Dollars in thousands)
Foreign currency translation adjustments | ​ | $ | (8,902) | ​ | $ | (8,596)
Pension liability, net of tax | ​ |  | (11,498) | ​ |  | (11,597)
Total accumulated other comprehensive loss | ​ | $ | (20,400) | ​ | $ | (20,193)
​ The following tables show changes in accumulated other comprehensive loss during the three months ended March 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Foreign |  | Defined |  | ​ | ​
​ | ​ | Currency | ​ | Benefit | ​ | ​ | ​
​ | ​ | Translation | ​ | Pension | ​ | ​ | ​
​ | ​ | Adjustments | ​ | Items | ​ | Total
Beginning balance, December 31, 2022 | ​ | $ | (8,596) | ​ | $ | (11,597) | ​ | $ | (20,193)
Other comprehensive loss before reclassifications | ​ | ​ | (306) | ​ | ​ | — | ​ | ​ | (306)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 99 | ​ | ​ | 99
Net current period other comprehensive (loss) income | ​ | ​ | (306) | ​ | ​ | 99 | ​ | ​ | (207)
Ending balance, March 31, 2023 | ​ | $ | (8,902) | ​ | $ | (11,498) | ​ | $ | (20,400)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Foreign |  | Defined |  | ​ | ​
​ | ​ | Currency | ​ | Benefit | ​ | ​ | ​
​ | ​ | Translation | ​ | Pension | ​ | ​ | ​
​ | ​ | Adjustments | ​ | Items | ​ | Total
Beginning balance, December 31, 2021 | ​ | $ | (6,783) | ​ | $ | (18,011) | ​ | $ | (24,794)
Other comprehensive income before reclassifications | ​ | ​ | 521 | ​ | ​ | — | ​ | ​ | 521
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 154 | ​ | ​ | 154
Net current period other comprehensive income |  | ​ | 521 |  | ​ | 154 |  | ​ | 675
Ending balance, March 31, 2022 | ​ | $ | (6,262) | ​ | $ | (17,857) | ​ | $ | (24,119)
​ The following table shows reclassification adjustments out of accumulated other comprehensive loss during the three months ended March 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts reclassified from | ​ | ​
​ | ​ | accumulated other | ​ | ​
​ | ​ | comprehensive loss for | ​ | Affected line item in the
​ | ​ | the three months ended | ​ | statement where net income is
​ |  | March 31, 2023 | ​ | March 31, 2022 |  | presented
Amortization of defined benefit pension items |  | ​ |  |  | ​ | ​ | ​ |
Prior service cost | ​ | $ | 5 | ​ | $ | 2 | (1) | Other expense, net
Actuarial losses | ​ |  | 129 | ​ | ​ | 206 | (1) | Other expense, net
Total before tax | ​ |  | 134 | ​ | ​ | 208 | ​ |
Tax benefit | ​ |  | (35) | ​ | ​ | (54) | ​ |
Net of tax | ​ | $ | 99 | ​ | $ | 154 | ​ |
​
| (1) | These amounts were included in pension expense. See Note 7 for additional details.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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