Other comprehensive income

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Reclassification adjustments – Information regarding amounts reclassified from accumulated other comprehensive loss to net income was as follows:


Accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss								Affected line item in consolidated statements of comprehensive income
	Quarter Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Amortization of postretirement benefit plan items:
Prior service credit	$	355	$	355	$	711	$	711	Other income
Net actuarial loss	(568)		(225)		(1,137)		(450)		Other income
Total amortization	(213)		130		(426)		261		Other income
Tax benefit (expense)	16		(79)		32		(157)		Income tax provision
Amortization of postretirement benefit plan items, net of tax	(197)		51		(394)		104		Net income
Realized loss on debt securities	—		(8)		—		(8)		Revenue
Tax benefit	—		2		—		2		Income tax provision
Realized loss on debt securities, net of tax	—		(6)		—		(6)		Net income
Realized gain (loss) on cash flow hedges	634		(144)		1,204		(464)		Interest expense
Tax (expense) benefit	(169)		38		(321)		123		Income tax provision
Realized gain (loss) on cash flow hedges, net of tax	465		(106)		883		(341)		Net income
Currency translation adjustment(1)	(863)		(5,550)		(863)		(5,550)		Gain on sale of businesses and facility
Total reclassifications, net of tax	$	(595)	$	(5,611)	$	(374)	$	(5,793)

(1) Relates to the sale of our North American web hosting business during the quarter ended June 30, 2023 and the sale of our Australian web hosting business during the quarter ended June 30, 2022. Further information can be found in Note 6.

Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss during the six months ended June 30, 2023 were as follows:


(in thousands)	Postretirement benefit plans		Net unrealized loss on debt securities(1)		Net unrealized gain on cash flow hedges(2)		Currency translation adjustment		Accumulated other comprehensive loss
Balance, December 31, 2022	$	(26,872)	$	(909)	$	2,593	$	(12,076)	$	(37,264)
Other comprehensive (loss) income before reclassifications	—		(8)		4,858		1,149		5,999
Amounts reclassified from accumulated other comprehensive loss	394		—		(883)		863		374
Net current-period other comprehensive income (loss)	394		(8)		3,975		2,012		6,373
Balance, June 30, 2023	$	(26,478)	$	(917)	$	6,568	$	(10,064)	$	(30,891)

(1) Other comprehensive loss before reclassifications is net of an income tax benefit of $3.

(2) Other comprehensive income before reclassifications is net of income tax expense of $1,768.