| Accumulated Other Comprehensive Income ("AOCI") |
Accumulated Other Comprehensive Income ("AOCI") The table below presents changes in the components of AOCI for the period from December 31, 2025 to June 30, 2026: | | | | | | | | | | | | | | | (in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Accumulated Other
Comprehensive
Income/(Loss) | | December 31, 2025 | $ | (119,008) | | $ | (23,911) | | $ | (619) | | $ | (143,538) | | Foreign currency translation and other adjustments | (2,735) | | 380 | | 904 | | (1,451) | | | Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income/(Loss), net of tax | — | | — | | (154) | | (154) | | | Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income/(Loss), net of tax | — | | 466 | | — | | 466 | | | Net current period other comprehensive income/(loss) | (2,735) | | 846 | | 750 | | (1,139) | | | June 30, 2026 | $ | (121,743) | | $ | (23,065) | | $ | 131 | | $ | (144,677) | |
The table below presents changes in the components of AOCI for the period from December 31, 2024 to June 30, 2025: | | | | | | | | | | | | | | | | (in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Accumulated Other
Comprehensive
Income/(Loss) | | December 31, 2024 | $ | (181,555) | | $ | (14,328) | | $ | (106) | | $ | (195,989) | | Foreign currency translation and other adjustments | 55,971 | | (2,699) | | (520) | | 52,752 | | | Pension settlement expense, net of tax | — | | (1,178) | | — | | (1,178) | | | Interest (expense)/income related to swaps reclassified to the Consolidated Statements of Income/(Loss), net of tax | — | | — | | (237) | | (237) | | | Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income/(Loss), net of tax | — | | 360 | | — | | 360 | | | Net current period other comprehensive income/(loss) | 55,971 | | (3,517) | | (757) | | 51,697 | | | June 30, 2025 | $ | (125,584) | | $ | (17,845) | | $ | (863) | | $ | (144,292) | |
The components of AOCI that are reclassified to the Consolidated Statements of Income/(Loss) relate to our pension and postretirement plans and interest rate swaps. The table below presents the expense/(income) amounts reclassified from AOCI, and the line items of the Consolidated Statements of Income/(Loss) that were affected for the three and six months ended June 30, 2026, and the Consolidated Statements of Income/(Loss) for the three and six months ended June 30, 2025: | | | | | | | | | | | | | | | | Three months ended June 30, | Six months ended June 30, | (in thousands) | 2026 | 2025 | 2026 | 2025 | | Pre-tax Derivative valuation reclassified from Accumulated Other Comprehensive Income/(Loss): | | | | | Interest (income)/expense, net related to interest rate swaps included in Income/(loss) before taxes(a) | $ | (153) | | $ | (79) | | $ | (286) | | $ | (271) | | | Income tax effect | 82 | | 20 | | 132 | | 34 | | | Effect on net income due to items reclassified from Accumulated Other Comprehensive Income/(Loss) | $ | (71) | | $ | (59) | | $ | (154) | | $ | (237) | | | | | | | Pre-tax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: | | | | | Pension settlement/curtailment | $ | — | | $ | (3,200) | | $ | 0 | | $ | (1,600) | | | Amortization of prior service credit | $ | (39) | | $ | (37) | | $ | (78) | | $ | (74) | | Amortization of net actuarial loss | 366 | | 306 | | 734 | | 593 | | Total pre-tax amount reclassified(b) | 327 | | (2,931) | | 656 | | (1,081) | | | Income tax effect | (86) | | 763 | | (190) | | 264 | | | Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $ | 241 | | $ | (2,168) | | $ | 466 | | $ | (817) | |
(a)Reported as Interest expense, net in our Consolidated Statements of Income, are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 15, Financial Instruments, and Note 16, Fair-Value Measurements, of the Notes to the Consolidated Financial Statements). (b)Reported as Other (income)/expense, net in our Consolidated Statements of Income, the accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4, Pension, Postretirement, and Other Benefit Plans, of the Notes to the Consolidated Financial Statements).
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