COMPREHENSIVE INCOME |
COMPREHENSIVE INCOME Gains and losses deferred in accumulated other comprehensive income (loss) ("AOCI") are generally reclassified and recognized in the Condensed Consolidated Statements of Operations once they are realized. The changes in the components of AOCI, net of tax, for the first, second and third quarters of 2023 and 2022 were as follows: | | | | | | | | | | | | | (in thousands) | Currency translation loss | | Net unrecognized loss related to benefit plans (net of tax) | Total | Balance at December 31, 2022 | $ | (70,333) | | | $ | (2,453) | | $ | (72,786) | | Other comprehensive income before reclassifications | 4,592 | | | 223 | | 4,815 | | Net other comprehensive (loss) income | 4,592 | | | 223 | | 4,815 | | Balance at March 31, 2023 | $ | (65,741) | | | $ | (2,230) | | $ | (67,971) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | (in thousands) | Currency translation loss | | Net unrecognized loss related to benefit plans (net of tax) | Total | Balance at December 31, 2021 | $ | (55,499) | | | $ | (3,323) | | $ | (58,822) | | Other comprehensive loss before reclassifications | (4,285) | | | — | | (4,285) | | Reclassified from AOCI to net (loss) income | — | | | 593 | | 593 | | Net other comprehensive (loss) income | (4,285) | | | 593 | | (3,692) | | Balance at March 31, 2022 | $ | (59,784) | | | $ | (2,730) | | $ | (62,514) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The amounts reclassified out of AOCI by component and the affected Condensed Consolidated Statements of Operations line items are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | AOCI component | Line items in the Condensed Consolidated Statements of Operations affected by reclassifications from AOCI | Three Months Ended March 31, | | | 2023 | | 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension and post retirement adjustments, net of tax | Benefit plans, net | 223 | | | 593 | | | | | | | | | Net Income (Loss) | $ | 223 | | | $ | 593 | | | | | | | |
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