| Summary of Other Comprehensive Income (Loss) |
The other comprehensive income (loss) consists of the following components: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | | 2025 | | 2024 | | | Before-Tax | | Income | | After-Tax | | Before-Tax | | Income | | After-Tax | | (in thousands) | Amount | | Tax | | Amount | | Amount | | Tax | | Amount | | Foreign currency translation adjustments: | | | | | | | | | | | | | Translation adjustments arising during the period | $ | 32,283 | | | $ | — | | | $ | 32,283 | | | $ | 3,517 | | | $ | — | | | $ | 3,517 | | | Adjustment for sale of a business with foreign operations | 646 | | | — | | | 646 | | | — | | | — | | | — | | | 32,929 | | | — | | | 32,929 | | | 3,517 | | | — | | | 3,517 | | | Pension and other postretirement plans: | | | | | | | | | | | | | Amortization of net prior service credit included in net income | (521) | | | 133 | | | (388) | | | (482) | | | 124 | | | (358) | | Amortization of net actuarial gain included in net income | (380) | | | 98 | | | (282) | | | (11,733) | | | 3,004 | | | (8,729) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (901) | | | 231 | | | (670) | | | (12,215) | | | 3,128 | | | (9,087) | | | Cash flow hedges: | | | | | | | | | | | | | (Loss) gain for the period | (364) | | | 95 | | | (269) | | | 346 | | | (91) | | | 255 | | | Other Comprehensive Income (Loss) | $ | 31,664 | | | $ | 326 | | | $ | 31,990 | | | $ | (8,352) | | | $ | 3,037 | | | $ | (5,315) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30 | | | 2025 | | 2024 | | | Before-Tax | | Income | | After-Tax | | Before-Tax | | Income | | After-Tax | | (in thousands) | Amount | | Tax | | Amount | | Amount | | Tax | | Amount | | Foreign currency translation adjustments: | | | | | | | | | | | | | Translation adjustments arising during the period | $ | 46,550 | | | $ | — | | | $ | 46,550 | | | $ | (9,767) | | | $ | — | | | $ | (9,767) | | | Adjustment for sale of a business with foreign operations | 646 | | | — | | | 646 | | | — | | | — | | | — | | | 47,196 | | | — | | | 47,196 | | | (9,767) | | | — | | | (9,767) | | | Pension and other postretirement plans: | | | | | | | | | | | | | Amortization of net prior service credit included in net income | (1,040) | | | 266 | | | (774) | | | (976) | | | 250 | | | (726) | | Amortization of net actuarial gain included in net income | (759) | | | 195 | | | (564) | | | (24,720) | | | 6,329 | | | (18,391) | | | | | | | | | | | | | | | | | | | | | | | | | | | | (1,799) | | | 461 | | | (1,338) | | | (25,696) | | | 6,579 | | | (19,117) | | | Cash flow hedges: | | | | | | | | | | | | | (Loss) gain for the period | (1,043) | | | 271 | | | (772) | | | 1,457 | | | (380) | | | 1,077 | | | Other Comprehensive Income (Loss) | $ | 44,354 | | | $ | 732 | | | $ | 45,086 | | | $ | (34,006) | | | $ | 6,199 | | | $ | (27,807) | |
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| Summary of Changes in Accumulated Other Comprehensive Income (Loss) |
The accumulated balances related to each component of other comprehensive income (loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands, net of taxes) | Cumulative
Foreign
Currency
Translation
Adjustment | | | | Unrealized Gain
on Pensions
and Other
Postretirement
Plans | | Cash Flow
Hedges | | Accumulated
Other
Comprehensive
Income | | Balance as of December 31, 2024 | $ | (58,044) | | | | | $ | 393,949 | | | $ | (1,108) | | | $ | 334,797 | | | | | | | | | | | | Other comprehensive income (loss) before reclassifications | 46,550 | | | | | — | | | (893) | | | 45,657 | | Net amount reclassified from accumulated other comprehensive income (loss) | 646 | | | | | (1,338) | | | 121 | | | (571) | | Net other comprehensive income (loss) | 47,196 | | | | | (1,338) | | | (772) | | | 45,086 | | | Balance as of June 30, 2025 | $ | (10,848) | | | | | $ | 392,611 | | | $ | (1,880) | | | $ | 379,883 | |
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| Summary of Amounts and Line Items of Reclassifications Out of Accumulated Other Comprehensive Income (Loss) |
The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30 | | Six Months Ended
June 30 | | Affected Line Item in the Condensed Consolidated Statements of Operations | | | | | | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | | | Foreign Currency Translation Adjustments: | | | | | | | | | | | Adjustment for sale of a business with foreign operations | $ | 646 | | | $ | — | | | $ | 646 | | | $ | — | | | Other (expense) income, net | | | | | | | | | | | | | Pension and Other Postretirement Plans: | | | | | | | | | | | Amortization of net prior service credit | (521) | | | (482) | | | (1,040) | | | (976) | | | (1) | | Amortization of net actuarial gain | (380) | | | (11,733) | | | (759) | | | (24,720) | | | (1) | | | | | | | | | | | | | (901) | | | (12,215) | | | (1,799) | | | (25,696) | | | Before tax | | | 231 | | | 3,128 | | | 461 | | | 6,579 | | | Provision for Income Taxes | | | (670) | | | (9,087) | | | (1,338) | | | (19,117) | | | Net of Tax | | | | | | | | | | | | Cash Flow Hedges | 61 | | | (120) | | | 121 | | | (245) | | | Interest expense | | | | | | | | | | | | | | | | | | | | | | Total reclassification for the period | $ | 37 | | | $ | (9,207) | | | $ | (571) | | | $ | (19,362) | | | Net of Tax |
____________ (1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and postretirement plan cost (see Note 11) and are included in non-operating pension and postretirement benefit income in the Company’s Condensed Consolidated Statements of Operations.
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