v3.26.3
Reclassifications Out of Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Reclassifications Out of Accumulated Other Comprehensive Loss

Note 13 – Reclassifications Out of Accumulated Other Comprehensive Loss

Reclassification adjustments and other activities impacting accumulated other comprehensive loss during the three and nine months ended September 30, 2026 and 2025 were as follows:

 

 

Defined
Benefit
Pension
Plans

 

 

Foreign
Currency
Translation
Adjustments

 

 

Cash Flow Hedge Derivatives

 

 

Total

 

Balance at June 30, 2026

 

$

(1,695

)

 

$

(10,096

)

 

$

(114

)

 

$

(11,905

)

Other comprehensive loss before reclassifications

 

 

—

 

 

 

(125

)

 

 

(2,061

)

 

 

(2,186

)

Income tax effect of other comprehensive loss before reclassifications

 

 

—

 

 

 

—

 

 

 

447

 

 

 

447

 

Amounts reclassified from accumulated other comprehensive loss into net loss

 

 

17

 

 

 

—

 

 

 

(275

)

 a

 

(258

)

Income taxes reclassified into net loss

 

 

(5

)

 

 

—

 

 

 

59

 

 

 

54

 

Net current period other comprehensive income (loss)

 

 

12

 

 

 

(125

)

 

 

(1,830

)

 

 

(1,943

)

Balance at September 30, 2026

 

$

(1,683

)

 

$

(10,221

)

 

$

(1,944

)

 

$

(13,848

)

(a)
The amounts reclassified from accumulated other comprehensive loss of $(282) and $7 are included in Cost of sales and Interest expense, net, respectively, in the consolidated condensed statements of (loss) income. Refer to Note 10 “Financial Instruments,” for additional information.

 

 

Defined
Benefit
Pension
Plans

 

 

Foreign
Currency
Translation
Adjustments

 

 

Cash Flow Hedge Derivatives

 

 

Total

 

Balance at June 30, 2025

 

$

(1,823

)

 

$

(45

)

 

$

3,873

 

 

$

2,005

 

Other comprehensive (loss) income before reclassifications

 

 

—

 

 

 

(687

)

 

 

2,276

 

 

 

1,589

 

Income tax effect of other comprehensive (loss) income before reclassifications

 

 

—

 

 

 

—

 

 

 

(474

)

 

 

(474

)

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

21

 

 

 

—

 

 

 

(2,243

)

 a

 

(2,222

)

Income taxes reclassified into net income

 

 

(6

)

 

 

—

 

 

 

466

 

 

 

460

 

Net current period other comprehensive income (loss)

 

 

15

 

 

 

(687

)

 

 

25

 

 

 

(647

)

Balance at September 30, 2025

 

$

(1,808

)

 

$

(732

)

 

$

3,898

 

 

$

1,358

 

(a)
The amounts reclassified from accumulated other comprehensive (loss) income of $2,086 and $156 are included in Cost of sales and Interest expense, net, respectively, in the consolidated condensed statements of (loss) income. Refer to Note 10 “Financial Instruments,” for additional information.

 

 

Defined
Benefit
Pension
Plans

 

 

Foreign
Currency
Translation
Adjustments

 

 

Cash Flow Hedge Derivatives

 

 

Total

 

Balance at December 31, 2025

 

$

(1,721

)

 

$

(2,114

)

 

$

2,871

 

 

$

(964

)

Other comprehensive (loss) income before reclassifications

 

 

—

 

 

 

(8,107

)

 

 

320

 

 

 

(7,787

)

Income tax effect of other comprehensive (loss) income before reclassifications

 

 

—

 

 

 

—

 

 

 

(100

)

 

 

(100

)

Amounts reclassified from accumulated other comprehensive (loss) income into net income

 

 

52

 

 

 

—

 

 

 

(6,437

)

 a

 

(6,385

)

Income taxes reclassified into net income

 

 

(14

)

 

 

—

 

 

 

1,402

 

 

 

1,388

 

Net current period other comprehensive income (loss)

 

 

38

 

 

 

(8,107

)

 

 

(4,815

)

 

 

(12,884

)

Balance at September 30, 2026

 

$

(1,683

)

 

$

(10,221

)

 

$

(1,944

)

 

$

(13,848

)

(a)
The amounts reclassified from accumulated other comprehensive (loss) income of $(6,469) and $32 are included in Cost of sales and Interest expense, net, respectively, in the consolidated condensed statements of (loss) income. Refer to Note 10 “Financial Instruments,” for additional information.

 

 

Defined
Benefit
Pension
Plans

 

 

Foreign
Currency
Translation
Adjustments

 

 

Cash Flow Hedge Derivatives

 

 

Total

 

Balance at December 31, 2024

 

$

(1,851

)

 

$

(80,096

)

 

$

(3,246

)

 

$

(85,193

)

Other comprehensive income before reclassifications

 

 

—

 

 

 

79,364

 

 

 

11,463

 

 

 

90,827

 

Income tax effect of other comprehensive income before reclassifications

 

 

—

 

 

 

—

 

 

 

(2,423

)

 

 

(2,423

)

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

59

 

 

 

—

 

 

 

(2,376

)

 a

 

(2,317

)

Income taxes reclassified into net income

 

 

(16

)

 

 

—

 

 

 

480

 

 

 

464

 

Net current period other comprehensive income

 

 

43

 

 

 

79,364

 

 

 

7,144

 

 

 

86,551

 

Balance at September 30, 2025

 

$

(1,808

)

 

$

(732

)

 

$

3,898

 

 

$

1,358

 

(a)
The amounts reclassified from accumulated other comprehensive (loss) income of $2,220 and $156 are included in Cost of sales and Interest expense, net, respectively, in the consolidated condensed statements of (loss) income. Refer to Note 10 “Financial Instruments,” for additional information.

The Company expects that substantially all of the existing gains and losses related to cash flow derivatives reported in accumulated other comprehensive loss as of September 30, 2026 to be reclassified into earnings during the next twelve months. See Note 10 for additional information about derivative financial instruments and the effects from reclassification to net (loss) income.