| Summary of Dividends Declared and Paid |
The following table summarizes dividends per share declared for the six months ended June 30, 2025 and June 30, 2024:
| | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | Date Declared | | Amount
(per share) | | Date Declared | | Amount
(per share) | | | | | | | | | | (U.S. Dollars) | | | | (U.S. Dollars) | | 5/9/2025 | | $ | 0.085 | | | 5/14/2024 | | $ | 0.08 | | | 2/25/2025 | | $ | 0.08 | | | 2/28/2024 | | $ | 0.08 | |
The following table summarizes total dividends declared for the three and six months ended June 30, 2025 and June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | | | | | | | | | (U.S. Dollars in thousands) | Dividends | $ | (8,218) | | | $ | (7,596) | | | $ | (15,953) | | | $ | (15,318) | |
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| Schedule of Accumulated Other Comprehensive Loss |
A rollforward of the changes in accumulated other comprehensive loss, disaggregated by component, was as follows for the three and six months ended June 30, 2025 and June 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Changes in Accumulated Other Comprehensive Loss by Component | | Fair Value of Derivatives | | Pension & Other Postretirement Benefits | | Foreign Currency Translation | | Total | | | | | | | | | | (U.S. Dollars in thousands) | Balance as of December 31, 2023 | $ | 24,403 | | | $ | (48,229) | | | $ | (86,965) | | | $ | (110,791) | | Other comprehensive income (loss) attributable to Dole plc before reclassifications | 12,355 | | | — | | | (16,580) | | | (4,225) | | | Income tax effect of amounts in other comprehensive income (loss) attributable to Dole plc before reclassifications | (2,216) | | | — | | | — | | | (2,216) | | Gross amounts reclassified from accumulated other comprehensive loss | (7,156) | | | — | | | — | | | (7,156) | | | Income tax effect of amounts reclassified from accumulated other comprehensive loss | 2,264 | | | — | | | — | | | 2,264 | | Net other comprehensive income (loss) attributable to Dole plc | 5,247 | | | — | | | (16,580) | | | (11,333) | | Balance as of March 31, 2024 | $ | 29,650 | | | $ | (48,229) | | | $ | (103,545) | | | $ | (122,124) | | Other comprehensive income (loss) attributable to Dole plc before reclassifications | $ | 6,758 | | | $ | — | | | $ | (4,415) | | | $ | 2,343 | | | Income tax effect of amounts in other comprehensive income (loss) attributable to Dole plc before reclassifications | (2,143) | | | — | | | — | | | (2,143) | | Gross amounts reclassified from accumulated other comprehensive loss | (8,881) | | | — | | | — | | | (8,881) | | | Income tax effect of amounts reclassified from accumulated other comprehensive loss | 1,432 | | | — | | | — | | | 1,432 | | Net other comprehensive income (loss) attributable to Dole plc | (2,834) | | | — | | | (4,415) | | | (7,249) | | Balance as of June 30, 2024 | $ | 26,816 | | | $ | (48,229) | | | $ | (107,960) | | | $ | (129,373) | | | | | | | | | | Balance as of December 31, 2024 | $ | 22,126 | | | $ | (59,815) | | | $ | (128,491) | | | $ | (166,180) | | Other comprehensive income (loss) attributable to Dole plc before reclassifications | (11,154) | | | — | | | 29,516 | | | 18,362 | | | Income tax effect of amounts in other comprehensive income (loss) attributable to Dole plc before reclassifications | 2,652 | | | — | | | — | | | 2,652 | | Gross amounts reclassified from accumulated other comprehensive loss | (4,936) | | | — | | | — | | | (4,936) | | | Income tax effect of amounts reclassified from accumulated other comprehensive loss | 1,438 | | | — | | | — | | | 1,438 | | Net other comprehensive income (loss) attributable to Dole plc | (12,000) | | | — | | | 29,516 | | | 17,516 | | Balance as of March 31, 2025 | $ | 10,126 | | | $ | (59,815) | | | $ | (98,975) | | | $ | (148,664) | | Other comprehensive income (loss) attributable to Dole plc before reclassifications | $ | (23,234) | | | $ | — | | | $ | 51,300 | | | $ | 28,066 | | | Income tax effect of amounts in other comprehensive income (loss) attributable to Dole plc before reclassifications | 5,375 | | | — | | | — | | | 5,375 | | Gross amounts reclassified from accumulated other comprehensive loss | 1,801 | | | — | | | — | | | 1,801 | | | Income tax effect of amounts reclassified from accumulated other comprehensive loss | 50 | | | — | | | — | | | 50 | | Net other comprehensive income (loss) attributable to Dole plc | (16,008) | | | — | | | 51,300 | | | 35,292 | | Balance as of June 30, 2025 | $ | (5,882) | | | $ | (59,815) | | | $ | (47,675) | | | $ | (113,372) | |
The following table includes details about net (gains) losses reclassified from accumulated other comprehensive loss by component of accumulated other comprehensive loss: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Gains) losses reclassified out of Accumulated Other Comprehensive Loss | | | | | Three Months Ended | | Six Months Ended | | | | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | Affected line item in the Statement of Operations | | | | | | | | | | | | | | (U.S. Dollars in thousands) | | | | Fair Value of Derivatives: | | | | | | | | | | | | Interest rate swap contracts | | $ | (3,775) | | | $ | (7,839) | | | $ | (7,966) | | | $ | (15,696) | | | Interest expense | | Dedesignation of certain interest rate swaps | | (970) | | | — | | | (970) | | | — | | | Other (expense) income, net | | Cash flow hedges | | 6,546 | | | (1,042) | | | 5,801 | | | (341) | | | Cost of sales | | Total | | $ | 1,801 | | | $ | (8,881) | | | $ | (3,135) | | | $ | (16,037) | | | |
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