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Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax by Components of Accumulated Other Comprehensive Income (Loss)

The following table presents changes in accumulated other comprehensive income (loss), net of tax, by components of accumulated other comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021:

(In thousands)		Unrealized Gains (Losses) on Available- for-Sale Securities				Defined Benefit Plan Adjustments				Foreign Currency Adjustments				ASU 2018-02 Adoption (1)				Total
Balance as of December 31, 2020		$	32			$	(9,621	)		$	(2,435	)		$	385			$	(11,639	)
Other comprehensive (loss) income before reclassifications			(705	)			3,439				(3,699	)			—				(965	)
Amounts reclassified from accumulated other comprehensive (loss) income			121				569				—				—				690
Balance as of December 31, 2021			(552	)			(5,613	)			(6,134	)			385				(11,914	)
Other comprehensive (loss) income before reclassifications			(41	)			4,519				53,396				—				57,874
Amounts reclassified from accumulated other comprehensive (loss) income			(243	)			78				—				—				(165	)
Net current period other comprehensive (loss) income			(284	)			4,597				53,396				—				57,709
Less: Other comprehensive income attributable to non-controlling interest, net of tax			—				—				19,669				—				19,669
Balance as of December 31, 2022			(836	)			(1,016	)			27,593				385				26,126
Other comprehensive income (loss) before reclassifications			734				(1,590	)			22,753				—				21,897
Amounts reclassified from accumulated other comprehensive (loss) income			(280	)			100				—				—				(180	)
Net current period other comprehensive income (loss)			454				(1,490	)			22,753				—				21,717
Less: Other comprehensive income attributable to non-controlling interest, net of tax			—				—				382				—				382
Balance as of December 31, 2023		$	(382	)		$	(2,506	)		$	49,964			$	385			$	47,461

(1)With the adoption of ASU 2018-02 on January 1, 2019, stranded tax effects related to the Tax Cuts and Jobs Act of 2017 were reclassified to retained earnings.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following tables present the details of reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021:

(In thousands)		For the year ended December 31,
Details about Accumulated Other Comprehensive (Loss) Income Components		2023				2022				2021				Affected Line Item in the Statement Where Net (Loss) Income Is Presented
Unrealized (loss) gains on available-for-sale securities:
Net realized gain (loss) on sales of securities		$	378			$	328			$	(164	)		Net investment gain
Defined benefit plan adjustments – actuarial losses			(145	)			(113	)			(825	)		(1)
Total reclassifications for the period, before tax			233				215				(989	)
Tax (benefit) expense			(53	)			(50	)			299
Total reclassifications for the period, net of tax		$	180			$	165			$	(690	)

(1)Included in the computation of net periodic pension cost. See Note 15 for additional information.

Tax Effects Related to the Change in Each Component of Other Comprehensive Income (Loss)

The following tables present the tax effects related to the change in each component of other comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021:

		2023
(In thousands)		Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount
Unrealized gains (losses) on available-for-sale securities		$	992			$	(258	)		$	734
Reclassification adjustment for amounts related to available-for-sale investments included in net (loss) income			(378	)			98				(280	)
Defined benefit plan adjustments			(2,304	)			714				(1,590	)
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net (loss) income			145				(45	)			100
Foreign currency translation adjustment			22,753				—				22,753
Total Other Comprehensive Income		$	21,208			$	509			$	21,717

		2022
(In thousands)		Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount
Unrealized (losses) gains on available-for-sale securities		$	(55	)		$	14			$	(41	)
Reclassification adjustment for amounts related to available-for-sale investments included in net (loss) income			(328	)			85				(243	)
Defined benefit plan adjustments			6,549				(2,030	)			4,519
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income (loss)			113				(35	)			78
Foreign currency translation adjustment			53,396				—				53,396
Total Other Comprehensive Income (Loss)		$	59,675			$	(1,966	)		$	57,709

		2021
(In thousands)		Before-Tax Amount				Tax (Expense) Benefit				Net-of-Tax Amount
Unrealized (losses) gains on available-for-sale securities		$	(953	)		$	248			$	(705	)
Reclassification adjustment for amounts related to available-for-sale investments included in net income (loss)			164				(43	)			121
Defined benefit plan adjustments			4,984				(1,545	)			3,439
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income (loss)			825				(256	)			569
Foreign currency translation adjustment			(3,699	)			—				(3,699	)
Total Other Comprehensive Income (Loss)		$	1,321			$	(1,596	)		$	(275	)

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

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