| Components of Accumulated Other Comprehensive Loss |
The components of accumulated other comprehensive loss, net of related taxes, in the condensed consolidated balance sheets follow: | | | | | | | (Dollars in thousands) | | March 31, 2026 | | December 31, 2025 | Unrealized gains on derivative instruments | | $ | 1,750 | | $ | 2,093 | Items not yet recognized as a component of net periodic benefit cost (pension plans) | | | (12,713) | | | (12,933) | Foreign currency translation adjustment | | | (252) | | | — | | | $ | (11,215) | | $ | (10,840) |
The changes in the balances of each component of accumulated other comprehensive loss, net of related taxes, during the three months ended March 31, 2026 and 2025 follow: | | | | | | | | | | | | | (Dollars in thousands) | | Unrealized gains on cash flow hedges | | Items not yet recognized as a component of net periodic benefit cost | | Foreign currency translation adjustment | | Total | Balance as of December 31, 2025 | | $ | 2,093 | | $ | (12,933) | | $ | — | | $ | (10,840) | Current period change, excluding amounts reclassified | | | | | | | | | | | | | from accumulated other comprehensive income/(loss) | | | 132 | | | (45) | | | (252) | | | (165) | Amounts reclassified from accumulated other comprehensive (loss)/income | | | (475) | | | 265 | | | — | | | (210) | Balance as of March 31, 2026 | | $ | 1,750 | | $ | (12,713) | | $ | (252) | | $ | (11,215) | | | | | | | | | | | | | | Balance as of December 31, 2024 | | $ | 5,176 | | $ | (13,037) | | $ | — | | $ | (7,861) | Current period change, excluding amounts reclassified | | | | | | | | | | | | | from accumulated other comprehensive loss | | | (181) | | | (424) | | | — | | | (605) | Amounts reclassified from accumulated other comprehensive loss | | | (596) | | | 248 | | | — | | | (348) | Balance as of March 31, 2025 | | $ | 4,399 | | $ | (13,213) | | $ | — | | $ | (8,814) |
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