| Comprehensive loss |
9.Comprehensive loss Accumulated other comprehensive loss, as reflected in the condensed consolidated balance sheets, consists of pension liability adjustments, net of taxes, foreign currency translation adjustment and changes in fair value of derivatives, net of taxes. The components of accumulated other comprehensive loss as of June 30, 2025 and 2024, and reclassifications from accumulated other comprehensive loss for the three and six-month periods, are presented below (in thousands): | | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | Pension Liability | | Fair Value of | | Translation | | Accumulated Other | | | Adjustment | | Derivatives | | Adjustment | | Comprehensive Loss | Balance at April 1, 2025 | | $ | (234) | | $ | (121) | | $ | (1,733) | | $ | (2,088) | Other comprehensive income (loss) before reclassifications, net of taxes | | | (36) | | | 265 | | | 582 | | | 811 | Total other comprehensive income (loss) before reclassifications, net of taxes | | | (270) | | | 144 | | | (1,151) | | | (1,277) | Net amount reclassified to earnings | | | 1 | | | (17) | | | - | | | (16) | Balance at June 30, 2025 | | $ | (269) | | $ | 127 | | $ | (1,151) | | $ | (1,293) |
| | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | Pension Liability | | Fair Value of | | Translation | | Accumulated Other | | | Adjustment | | Derivatives | | Adjustment | | Comprehensive Loss | Balance at January 1, 2025 | | $ | (233) | | $ | (395) | | $ | (1,842) | | $ | (2,470) | Other comprehensive income (loss) before reclassifications, net of taxes | | | (36) | | | 386 | | | 691 | | | 1,041 | Total other comprehensive loss before reclassifications, net of taxes | | | (269) | | | (9) | | | (1,151) | | | (1,429) | Net amount reclassified to earnings | | | - | | | 136 | | | - | | | 136 | Balance at June 30, 2025 | | $ | (269) | | $ | 127 | | $ | (1,151) | | $ | (1,293) |
| | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | Pension Liability | | Fair Value of | | Translation | | Accumulated Other | | | Adjustment | | Derivatives | | Adjustment | | Comprehensive Loss | Balance at April 1, 2024 | | $ | (413) | | $ | 7 | | $ | (1,380) | | $ | (1,786) | Other comprehensive loss before reclassifications, net of taxes | | | - | | | (193) | | | (78) | | | (271) | Total other comprehensive income (loss) before reclassifications, net of taxes | | | (413) | | | (186) | | | (1,458) | | | (2,057) | Net amount reclassified to earnings | | | - | | | 19 | | | - | | | 19 | Balance at June 30, 2024 | | $ | (413) | | $ | (167) | | $ | (1,458) | | $ | (2,038) |
| | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | Pension Liability | | Fair Value of | | Translation | | Accumulated Other | | | Adjustment | | Derivatives | | Adjustment | | Comprehensive Loss | Balance at January 1, 2024 | | $ | (412) | | $ | 41 | | $ | (1,250) | | $ | (1,621) | Other comprehensive loss before reclassifications, net of taxes | | | - | | | (206) | | | (208) | | | (414) | Total other comprehensive loss before reclassifications, net of taxes | | | (412) | | | (165) | | | (1,458) | | | (2,035) | Net amount reclassified to earnings | | | (1) | | | (2) | | | - | | | (3) | Balance at June 30, 2024 | | $ | (413) | | $ | (167) | | $ | (1,458) | | $ | (2,038) |
Taxes related to each component of other comprehensive loss were not material for each of the three and six-month periods presented and therefore not disclosed separately. All reclassifications from accumulated other comprehensive income (loss) had an impact on direct operating costs in the condensed consolidated statements of operations and comprehensive income.
|