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COMPREHENSIVE INCOME (Tables) | 12 Months Ended
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Dec. 31, 2023
COMPREHENSIVE INCOME |
Schedule of accumulated other comprehensive loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2023 | ​ | 2022
​ | ​ | (Dollars in thousands)
Foreign currency translation adjustments | ​ | $ | (7,954) | ​ | $ | (8,596)
Pension liability, net of tax | ​ |  | (9,357) | ​ |  | (11,597)
Total accumulated other comprehensive loss | ​ | $ | (17,311) | ​ | $ | (20,193)
Schedule of changes in accumulated other comprehensive loss | The following table shows changes in accumulated other comprehensive loss during the years ended December 31, 2023 and 2022 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Foreign Currency |  | ​ | ​ |  | ​ | ​
​ | ​ | Translation | ​ | Defined Benefit | ​ | ​ | ​
​ |  | Adjustments |  | Pension Items |  | Total
Balance, December 31, 2021 | ​ | $ | (6,783) | ​ | $ | (18,011) | ​ | $ | (24,794)
Other comprehensive (loss) income before reclassifications | ​ | ​ | (1,813) | ​ | ​ | 5,767 | ​ | ​ | 3,954
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 647 | ​ | ​ | 647
Net current period other comprehensive (loss) income | ​ | ​ | (1,813) | ​ | ​ | 6,414 | ​ | ​ | 4,601
Balance, December 31, 2022 | ​ | $ | (8,596) | ​ | $ | (11,597) | ​ | $ | (20,193)
Other comprehensive income before reclassifications | ​ | ​ | 642 | ​ | ​ | 1,874 | ​ | ​ | 2,516
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 366 | ​ | ​ | 366
Net current period other comprehensive income | ​ | ​ | 642 | ​ | ​ | 2,240 | ​ | ​ | 2,882
Balance, December 31, 2023 | ​ | $ | (7,954) | ​ | $ | (9,357) | ​ | $ | (17,311)
Schedule of reclassification adjustments out of accumulated other comprehensive loss | The following table shows reclassification adjustments out of accumulated other comprehensive loss during the years ended December 31, 2023 and 2022 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amounts reclassified from accumulated | ​ | ​
​ | ​ | other comprehensive loss for the year | ​ | Affected line item in the
​ | ​ | ended December 31, | ​ | statement where net earnings
​ | ​ | 2023 | ​ | 2022 |  | is presented
Amortization of defined benefit pension items | ​ | ​ | ​ | ​ | ​ |  |  | ​
Prior service cost | ​ | $ | 20 | (1) | $ | 6 | (1) | Other expense, net
Actuarial losses | ​ | ​ | 475 | (1) |  | 869 | (1) | Other expense, net
Total before tax | ​ | ​ | 495 | ​ |  | 875 |  | ​
Tax benefit | ​ | ​ | (129) | ​ |  | (228) |  | ​
Net of tax | ​ | $ | 366 | ​ | $ | 647 |  | ​
​
(1) | These amounts were included in the computation of pension expense. See Note 12 for additional details.

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