Accumulated other comprehensive loss

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Accumulated other comprehensive loss

Accumulated other comprehensive loss

The following table summarizes the components of, and the changes in, Accumulated Other Comprehensive Loss (AOCL), net of tax (in thousands):

	Retirement Plans		Foreign Currency Translation		Available-For-Sale Investment		Total
Quarters ended:
Balance at Mar. 31, 2023	$	(124,987)	$	532	$	—	$	(124,455)
Amounts reclassified from AOCL	988		—		—		988
Total other comprehensive income	988		—		—		988
Balance at June 30, 2023	$	(123,999)	$	532	$	—	$	(123,467)
Balance at Mar. 31, 2022	$	(112,366)	$	532	$	—	$	(111,834)
Amounts reclassified from AOCL	806		—		—		806
Total other comprehensive income	806		—		—		806
Balance at June 30, 2022	$	(111,560)	$	532	$	—	$	(111,028)
	Retirement Plans		Foreign Currency Translation		Available-For-Sale Investment		Total
Six Months Ended:
Balance at Dec. 31, 2022	$	(126,065)	$	532	$	—	$	(125,533)
Other comprehensive income before reclassifications	2,066		—		—		2,066
Total other comprehensive income (loss)	2,066		—		—		2,066
Balance at June 30, 2023	$	(123,999)	$	532	$	—	$	(123,467)
Balance at Dec. 31, 2021	$	(113,090)	$	455	$	15,419	$	(97,216)
Other comprehensive income before reclassifications	—		77		—		77
Amounts reclassified from AOCL	1,530		—		(15,419)		(13,889)
Total other comprehensive income	1,530		77		(15,419)		(13,812)
Balance at June 30, 2022	$	(111,560)	$	532	$	—	$	(111,028)

Reclassifications from AOCL to the Consolidated Statements of Income are comprised of recognition of a realized gain on an available-for-sale investment as well as pension and other post-retirement components. Pension and other post retirement reclassifications are related to the amortizations of prior service costs and actuarial losses. Amounts reclassified out of AOCL are summarized below (in thousands):

	Quarter ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Amortization of prior service credit, net	$	(107)	$	(123)	$	(232)	$	(248)
Amortization of actuarial loss	1,434		1,208		3,009		2,309
Realized gain on available-for-sale investment	—		—		—		(20,800)
Total reclassifications, before tax	1,327		1,085		2,777		(18,739)
Income tax effect	(339)		(279)		(711)		4,850
Total reclassifications, net of tax	$	988	$	806	$	2,066	$	(13,889)