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Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2023

Comprehensive Income

Schedule of comprehensive income

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three Months Ended September 30,					​	Nine Months Ended September 30,
​		2023			2022			2023			2022
​	​	(Dollars in thousands)
Net earnings	​	$	9,337	​	$	10,770	​	$	21,646	​	$	19,318
Foreign currency translation adjustments	​		(773)	​		(1,684)	​		(817)	​		(2,398)
Pension liability adjustment, net of tax of $32, $57, $97, and $171, respectively	​		92	​		162	​		275	​		486
Total comprehensive income	​	$	8,656	​	$	9,248	​	$	21,104	​	$	17,406

Schedule of accumulated other comprehensive loss

​

​	​	​	​	​	​	​
​		September 30,			December 31,
​	​	2023		​	2022
​	​	(Dollars in thousands)
Foreign currency translation adjustments	​	$	(9,413)	​	$	(8,596)
Pension liability, net of tax	​		(11,322)	​		(11,597)
Total accumulated other comprehensive loss	​	$	(20,735)	​	$	(20,193)

Schedule of changes in accumulated other comprehensive loss

​

​	​	​	​	​	​	​	​	​	​
​		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	​	​	(817)	​	​	—	​	​	(817)
Amounts reclassified from accumulated other comprehensive loss	​	​	—	​	​	275	​	​	275
Net current period other comprehensive (loss) income	​	​	(817)	​	​	275	​	​	(542)
Ending balance, September 30, 2023	​	$	(9,413)	​	$	(11,322)	​	$	(20,735)

​

​	​	​	​	​	​	​	​	​	​
​		Foreign			Defined			​	​
​	​	Currency		​	Benefit		​	​	​
​	​	Translation		​	Pension		​	​	​
​	​	Adjustments		​	Items		​	Total
Beginning balance, December 31, 2021	​	$	(6,783)	​	$	(18,011)	​	$	(24,794)
Other comprehensive loss before reclassifications	​	​	(2,398)	​	​	—	​	​	(2,398)
Amounts reclassified from accumulated other comprehensive loss	​	​	—	​	​	486	​	​	486
Net current period other comprehensive (loss) income		​	(2,398)		​	486		​	(1,912)
Ending balance, September 30, 2022	​	$	(9,181)	​	$	(17,525)	​	$	(26,706)

Schedule of reclassification adjustments out of accumulated other comprehensive loss

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Amounts Reclassified from Accumulated Other Comprehensive Loss

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Affected line item in the

​

​

Three Months Ended September 30,

​

Nine Months Ended September 30,

​

statement where net income is

​

2023

2022

2023

2022

presented

Amortization of defined benefit pension items

​

​

​

​

​

​

​

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Prior service cost

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$

5

​

$

2

​

$

15

​

$

5

(1)

Other (expense) income, net

Actuarial losses

​

119

​

​

217

​

​

357

​

652

(1)

Other (expense) income, net

Total before tax

​

124

​

​

219

​

​

372

​

657

Tax benefit

​

(32)

​

​

(57)

​

​

(97)

​

(171)

Net of tax

​

$

92

​

$

162

​

$

275

​

$

486

​

(1) These amounts were included in pension expense. See Note 7 for additional details.

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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
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-Publisher FASB
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