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Comprehensive Income | 6 Months Ended
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Jun. 30, 2024
Comprehensive Income |
Comprehensive Income | 13. Comprehensive Income Comprehensive income for the three and six months ended June 30, 2024 and 2023, was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
​ | ​ | (Dollars in thousands)
Net earnings | ​ | $ | 5,607 | ​ | $ | 4,864 | ​ | $ | 12,257 | ​ | $ | 12,309
Foreign currency translation adjustments | ​ |  | 61 | ​ |  | 262 | ​ |  | (1,031) | ​ |  | (44)
Pension liability adjustment, net of tax of $26, $30, $52, and $65, respectively | ​ |  | 73 | ​ |  | 84 | ​ |  | 146 | ​ |  | 183
Total comprehensive income | ​ | $ | 5,741 | ​ | $ | 5,210 | ​ | $ | 11,372 | ​ | $ | 12,448
​ The components of accumulated other comprehensive loss as recorded in the Consolidated Condensed Balance Sheets (Unaudited) were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2024 | ​ | 2023
​ | ​ | (Dollars in thousands)
Foreign currency translation adjustments | ​ | $ | (8,985) | ​ | $ | (7,954)
Pension liability, net of tax | ​ |  | (9,211) | ​ |  | (9,357)
Total accumulated other comprehensive loss | ​ | $ | (18,196) | ​ | $ | (17,311)
​ The following tables show changes in accumulated other comprehensive loss during the six months ended June 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Foreign Currency |  | ​ | ​ |  | ​ | ​
​ | ​ | Translation | ​ | Defined Benefit | ​ | ​ | ​
​ |  | Adjustments |  | Pension Items |  | Total
Balance, December 31, 2023 | ​ | $ | (7,954) | ​ | $ | (9,357) | ​ | $ | (17,311)
Other comprehensive loss before reclassifications | ​ | ​ | (1,031) | ​ | ​ | — | ​ | ​ | (1,031)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 146 | ​ | ​ | 146
Net current period other comprehensive (loss) income | ​ | ​ | (1,031) | ​ | ​ | 146 | ​ | ​ | (885)
Balance, June 30, 2024 | ​ | $ | (8,985) | ​ | $ | (9,211) | ​ | $ | (18,196)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Foreign Currency |  | ​ | ​ |  | ​ | ​
​ | ​ | Translation | ​ | Defined Benefit | ​ | ​ | ​
​ |  | Adjustments |  | Pension Items |  | Total
Balance, December 31, 2022 | ​ | $ | (8,596) | ​ | $ | (11,597) | ​ | $ | (20,193)
Other comprehensive loss before reclassifications | ​ | ​ | (44) | ​ | ​ | — | ​ | ​ | (44)
Amounts reclassified from accumulated other comprehensive loss | ​ | ​ | — | ​ | ​ | 183 | ​ | ​ | 183
Net current period other comprehensive (loss) income | ​ | ​ | (44) | ​ | ​ | 183 | ​ | ​ | 139
Balance, June 30, 2023 | ​ | $ | (8,640) | ​ | $ | (11,414) | ​ | $ | (20,054)
​ The following table shows reclassification adjustments out of accumulated other comprehensive loss during the three and six months ended June 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​
​ | ​ | 2024 | ​ | 2023 |  | ​ | 2024 | ​ | 2023 |  | earnings is presented | ​
Amortization of defined benefit pension items | ​ | ​ | ​ | ​ | ​ |  |  | ​ | ​ | ​ | ​ | ​ |  |  |  | ​
Prior service cost | ​ | $ | 5 | (1) | $ | 5 | (1) | ​ | $ | 10 | (1) | $ | 10 | (1) | Other expense, net | ​
Actuarial losses | ​ | ​ | 94 | (1) |  | 109 | (1) | ​ | ​ | 188 | (1) |  | 238 | (1) | Other expense, net | ​
Total before tax | ​ | ​ | 99 | ​ |  | 114 |  | ​ | ​ | 198 | ​ |  | 248 |  |  | ​
Tax benefit | ​ | ​ | (26) | ​ |  | (30) |  | ​ | ​ | (52) | ​ |  | (65) |  |  | ​
Net of tax | ​ | $ | 73 | ​ | $ | 84 |  | ​ | $ | 146 | ​ | $ | 183 |  |  | ​
​
| (1) | These amounts were included in the computation of pension expense. See Note 7 for additional details.

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