| Accumulated Other Comprehensive Loss |
Note 16. Accumulated Other Comprehensive Loss The change in accumulated other comprehensive loss by component (net of tax) for the years ended December 31, 2025, 2024 and 2023 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation Adjustments |
|
|
Defined Benefit Pension and Other Post-Retirement Benefit Items |
|
|
Total |
|
Balance as of December 31, 2022 |
|
$ |
(195,085 |
) |
|
$ |
15,123 |
|
|
$ |
(179,962 |
) |
Other comprehensive income before reclassifications |
|
|
49,480 |
|
|
|
756 |
|
|
|
50,236 |
|
Amounts reclassified |
|
|
— |
|
|
|
3,055 |
|
|
|
3,055 |
|
Other comprehensive income |
|
|
49,480 |
|
|
|
3,811 |
|
|
|
53,291 |
|
Balance as of December 31, 2023 |
|
|
(145,605 |
) |
|
|
18,934 |
|
|
|
(126,671 |
) |
Other comprehensive income (loss) before reclassifications |
|
|
(104,392 |
) |
|
|
5,235 |
|
|
|
(99,157 |
) |
Amounts reclassified |
|
|
— |
|
|
|
(760 |
) |
|
|
(760 |
) |
Other comprehensive income (loss) |
|
|
(104,392 |
) |
|
|
4,475 |
|
|
|
(99,917 |
) |
Disposal of investment in joint venture |
|
|
— |
|
|
|
(4,181 |
) |
|
|
(4,181 |
) |
Balance as of December 31, 2024 |
|
|
(249,997 |
) |
|
|
19,228 |
|
|
|
(230,769 |
) |
Other comprehensive income before reclassifications |
|
|
133,359 |
|
|
|
11,325 |
|
|
|
144,684 |
|
Amounts reclassified |
|
|
— |
|
|
|
(1,067 |
) |
|
|
(1,067 |
) |
Other comprehensive income |
|
|
133,359 |
|
|
|
10,258 |
|
|
|
143,617 |
|
Balance as of December 31, 2025 |
|
$ |
(116,638 |
) |
|
$ |
29,486 |
|
|
$ |
(87,152 |
) |
Foreign currency translation adjustments recognized in other comprehensive income (loss) include intra-entity foreign currency loans that are of a long-term investment nature. For the year ended December 31, 2025, the foreign currency translation gain from these transactions was $1,491 (2024 – loss of $1,355; 2023 – gain of $2,190). |