Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Summary of Accumulated Other Comprehensive (Loss)

Following is a summary of AOCI(L) for the second quarter of 2023 and the second quarter of 2022:

(in thousands)	March 31, 2023		Pre-tax Activity		Tax Effect		June 30, 2023
Net pension activity:
Actuarial loss	$	(70,405)	$	(2,941)	$	720	$	(72,626)
Prior service costs	(102)		4		(1)		(99)
Pension plan settlement	—		39,777		(9,736)		30,041
Net postretirement benefits activity:
Actuarial gain	6,752		—		—		6,752
Prior service costs	(624)		—		—		(624)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(84,099)	$	36,840	$	(9,017)	$	(56,276)

(in thousands)	April 1, 2022		Pre-tax Activity		Tax Effect		July 1, 2022
Net pension activity:
Actuarial loss	$	(78,136)	$	988	$	(243)	$	(77,391)
Prior service credits	11		—		—		11
Net postretirement benefits activity:
Actuarial loss	(1,170)		91		(22)		(1,101)
Prior service costs	(624)		—		—		(624)
Foreign currency translation adjustment	(9)		—		—		(9)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(99,648)	$	1,079	$	(265)	$	(98,834)

Following is a summary of AOCI(L) for the first half of 2023 and the first half of 2022:

(in thousands)	December 31, 2022		Pre-tax Activity		Tax Effect		June 30, 2023
Net pension activity:
Actuarial loss	$	(71,140)	$	(1,968)	$	482	$	(72,626)
Prior service costs	(105)		8		(2)		(99)
Pension plan settlement	—		39,777		(9,736)		30,041
Net postretirement benefits activity:
Actuarial gain	6,752		—		—		6,752
Prior service costs	(624)		—		—		(624)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(84,837)	$	37,817	$	(9,256)	$	(56,276)

(in thousands)	December 31, 2021		Pre-tax Activity		Tax Effect		July 1, 2022
Net pension activity:
Actuarial loss	$	(78,882)	$	1,977	$	(486)	$	(77,391)
Prior service credits	11		—		—		11
Net postretirement benefits activity:
Actuarial loss	(1,239)		183		(45)		(1,101)
Prior service costs	(624)		—		—		(624)
Foreign currency translation adjustment	(9)		—		—		(9)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(100,463)	$	2,160	$	(531)	$	(98,834)

Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Statement of Operations

Following is a summary of the impact of AOCI(L) on the condensed consolidated statements of operations:

	Second Quarter 2023
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Total
Cost of sales	$	416	$	—	$	416
Selling, delivery and administrative expenses	561		—		561
Subtotal pre-tax	977		—		977
Income tax expense	239		—		239
Total after-tax effect	$	738	$	—	$	738

	Second Quarter 2022
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Total
Cost of sales	$	266	$	37	$	303
Selling, delivery and administrative expenses	722		54		776
Subtotal pre-tax	988		91		1,079
Income tax expense	243		22		265
Total after-tax effect	$	745	$	69	$	814

	First Half 2023
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Total
Cost of sales	$	835	$	—	$	835
Selling, delivery and administrative expenses	1,119		—		1,119
Subtotal pre-tax	1,954		—		1,954
Income tax expense	478		—		478
Total after-tax effect	$	1,476	$	—	$	1,476

	First Half 2022
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Total
Cost of sales	$	544	$	78	$	622
Selling, delivery and administrative expenses	1,433		105		1,538
Subtotal pre-tax	1,977		183		2,160
Income tax expense	486		45		531
Total after-tax effect	$	1,491	$	138	$	1,629