| Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive LossChanges in Accumulated other comprehensive loss were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2026 | | Foreign currency translation adjustments | | | | Derivative financial instruments | | Available for sale securities | | Pension and postretirement benefit plans | | Total | | Balance, beginning of period | $ | (25,994) | | | | | $ | (15,417) | | | $ | 176 | | | $ | (215,902) | | | $ | (257,137) | | Other comprehensive (loss) income, before reclassifications | (27,384) | | | | | (463) | | | (307) | | | — | | | (28,154) | | Income tax (expense) benefit | — | | | | | (309) | | | (85) | | | — | | | (394) | | | (27,384) | | | | | (772) | | | (392) | | | — | | | (28,548) | | | Reclassifications: | | | | | | | | | | | | Net loss on derivative financial instruments | — | | | | | 17,461 | | | — | | | — | | | 17,461 | | | | | | | | | | | | | | Prior service credits(a) | — | | | | | — | | | — | | | 401 | | | 401 | | Actuarial gains(a) | — | | | | | — | | | — | | | (508) | | | (508) | | | Reclassifications before tax | — | | | | | 17,461 | | | — | | | (107) | | | 17,354 | | Income tax (expense) benefit | — | | | | | (3,797) | | | — | | | 24 | | | (3,773) | | | — | | | | | 13,664 | | | — | | | (83) | | | 13,581 | | Other comprehensive (loss) income | (27,384) | | | | | 12,892 | | | (392) | | | (83) | | | (14,967) | | | Balance, end of period | $ | (53,378) | | | | | $ | (2,525) | | | $ | (216) | | | $ | (215,985) | | | $ | (272,104) | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | Foreign currency translation adjustments | | | | Derivative financial instruments | | Available for sale securities | | Pension and postretirement benefit plans | | Total | | Balance, beginning of period | $ | (91,102) | | | | | $ | 7,542 | | | $ | — | | | $ | (249,146) | | | $ | (332,706) | | Other comprehensive income, before reclassifications | 9,849 | | | | | 21,635 | | | — | | | — | | | 31,484 | | Income tax expense | (2,484) | | | | | (5,190) | | | — | | | — | | | (7,674) | | | 7,365 | | | | | 16,445 | | | — | | | — | | | 23,810 | | | Reclassifications: | | | | | | | | | | | | | | | | | | | | | | | | Net gain on derivative financial instruments | — | | | | | (37,420) | | | — | | | — | | | (37,420) | | Prior service credits(a) | — | | | | | — | | | — | | | 529 | | | 529 | | Actuarial gains(a) | — | | | | | — | | | — | | | (1,543) | | | (1,543) | | | Reclassifications before tax | — | | | | | (37,420) | | | — | | | (1,014) | | | (38,434) | | Income tax benefit | — | | | | | 8,910 | | | — | | | 237 | | | 9,147 | | | — | | | | | (28,510) | | | — | | | (777) | | | (29,287) | | Other comprehensive income (loss) | 7,365 | | | | | (12,065) | | | — | | | (777) | | | (5,477) | | | Balance, end of period | $ | (83,737) | | | | | $ | (4,523) | | | $ | — | | | $ | (249,923) | | | $ | (338,183) | |
(a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.
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