Components of Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

Components of Accumulated Other Comprehensive Loss

AOCI is included on the Condensed Consolidated Statements of Stockholders' Equity. The components of AOCI, net of the effect of income taxes, and activity for the three months ended March 31, 2023 and 2024 were as follows:

	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2022	$	(213,104)		$	157		$	(354,699)		$	10	$	(567,636)
OCI before reclassifications	12,446		(a)	(2,684)		(b)	(7,227)		(a)	1		2,536
Amounts reclassified from AOCI, net of tax	—			124			4,492			—		4,616
Total OCI	12,446			(2,560)			(2,735)			1		7,152
Less: OCI attributable to noncontrolling interests	(358)			—			—			—		(358)
OCI attributable to Enviri Corporation	12,088			(2,560)			(2,735)			1		6,794
Balance at March 31, 2023	$	(201,016)		$	(2,403)		$	(357,434)		$	11	$	(560,842)

	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2023	$	(183,499)		$	(470)		$	(355,740)		$	15	$	(539,694)
OCI before reclassifications	(16,535)		(a)	2,865		(b)	2,310		(a)	2		(11,358)
Amounts reclassified from AOCI, net of tax	—			(1,002)			4,701			—		3,699
Total OCI	(16,535)			1,863			7,011			2		(7,659)
Less: OCI attributable to noncontrolling interests	821			—			—			—		821
OCI attributable to Enviri Corporation	(15,714)			1,863			7,011			2		(6,838)
Balance at March 31, 2024	$	(199,213)		$	1,393		$	(348,729)		$	17	$	(546,532)

(a)    Principally foreign currency fluctuation.

(b)     Net change from periodic revaluations.

Amounts reclassified from AOCI were as follows:

(In thousands)	Three Months Ended				Location on the Condensed Consolidated Statements of Operations
	March 31
	2024		2023
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	(404)	$	411	Product revenues
Interest rate swaps	(882)		(248)		Interest expense
Total before taxes	(1,286)		163
Income taxes	284		(39)
Total reclassification of cash flow hedging instruments, net of tax	$	(1,002)	$	124
Amortization of defined benefit pension items (c):
Actuarial losses	$	4,846	$	4,670	Defined benefit pension income (expense)
Prior service costs	118		114		Defined benefit pension income (expense)
Total before taxes	4,964		4,784
Income taxes	(263)		(292)
Total reclassification of defined benefit pension items, net of tax	$	4,701	$	4,492

(c)    These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.