| Comprehensive Income |
14. Comprehensive Income The components of accumulated other comprehensive loss as recorded in the Condensed Consolidated Balance Sheets were as follows: | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | (Dollars in thousands) | Foreign currency translation adjustments | | $ | (9,119) | | $ | (9,280) | Pension liability, net of tax | | | (4,544) | | | (4,574) | Total accumulated other comprehensive loss | | $ | (13,663) | | $ | (13,854) |
The following tables show changes in accumulated other comprehensive loss, net of tax, during the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | Foreign Currency | | | | | | | | | Translation | | Defined Benefit | | | | | | Adjustments | | Pension Items | | Total | | | | (Dollars in thousands) | Balance, January 1, 2026 | | $ | (9,280) | | $ | (4,574) | | $ | (13,854) | Other comprehensive income before reclassifications | | | 100 | | | — | | | 100 | Amounts reclassified from accumulated other comprehensive loss | | | — | | | 15 | | | 15 | Net current period other comprehensive income | | | 100 | | | 15 | | | 115 | Balance, March 31, 2026 | | $ | (9,180) | | $ | (4,559) | | $ | (13,739) | Other comprehensive income before reclassifications | | | 61 | | | — | | | 61 | Amounts reclassified from accumulated other comprehensive loss | | | — | | | 15 | | | 15 | Net current period other comprehensive income | | | 61 | | | 15 | | | 76 | Balance, June 30, 2026 | | $ | (9,119) | | $ | (4,544) | | $ | (13,663) |
| | | | | | | | | | | | Foreign Currency | | | | | | | | | Translation | | Defined Benefit | | | | | | Adjustments | | Pension Items | | Total | | | | (Dollars in thousands) | Balance, January 1, 2025 | | $ | (11,671) | | $ | (6,263) | | $ | (17,934) | Other comprehensive income before reclassifications | | | 192 | | | — | | | 192 | Amounts reclassified from accumulated other comprehensive loss | | | — | | | 41 | | | 41 | Net current period other comprehensive income | | | 192 | | | 41 | | | 233 | Balance, March 31, 2025 | | $ | (11,479) | | $ | (6,222) | | $ | (17,701) | Other comprehensive income before reclassifications | | | 1,824 | | | — | | | 1,824 | Amounts reclassified from accumulated other comprehensive loss | | | — | | | 41 | | | 41 | Net current period other comprehensive income | | | 1,824 | | | 41 | | | 1,865 | Balance, June 30, 2025 | | $ | (9,655) | | $ | (6,181) | | $ | (15,836) |
The following table shows reclassification adjustments out of accumulated other comprehensive loss, net of tax, during the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amounts Reclassified from Accumulated Other Comprehensive Loss | | Affected line item in the | | | | Three Months Ended June 30, | | | Six Months Ended June 30, | | statement where net | | | | 2026 | | 2025 | | | 2026 | | 2025 | | earnings is presented | | | | | (Dollars in thousands) | | | | Amortization of defined benefit pension items | | | | | | | | | | | | | | | | | Prior service cost | | $ | 3 | (1) | $ | 5 | (1) | | $ | 6 | (1) | $ | 10 | (1) | Other income (expense), net | | Actuarial losses | | | 17 | (1) | | 50 | (1) | | | 34 | (1) | | 100 | (1) | Other income (expense), net | | Total before tax | | | 20 | | | 55 | | | | 40 | | | 110 | | | | Tax benefit | | | (5) | | | (14) | | | | (10) | | | (28) | | Provision for income taxes | | Net of tax | | $ | 15 | | $ | 41 | | | $ | 30 | | $ | 82 | | | |
| (1) | These amounts were included in the computation of pension (benefit) expense. See Note 8 for additional details. |
|