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Other Comprehensive Income
6 Months Ended
Jun. 30, 2024
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax [Abstract]  
Other Comprehensive Income

(12) Other Comprehensive Income

The Company’s changes in other comprehensive income were as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

Gross
Amount

 

 

Income Tax (Provision) Benefit

 

 

Net Amount

 

 

Gross
Amount

 

 

Income Tax (Provision) Benefit

 

 

Net
Amount

 

Pension and postretirement benefits (a):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial gain

 

$

(754

)

 

$

189

 

 

$

(565

)

 

$

(80

)

 

$

21

 

 

$

(59

)

Actuarial gains

 

 

2,069

 

 

 

(518

)

 

 

1,551

 

 

 

1,779

 

 

 

(446

)

 

 

1,333

 

Foreign currency translation

 

 

(473

)

 

 

 

 

 

(473

)

 

 

705

 

 

 

 

 

 

705

 

Total

 

$

842

 

 

$

(329

)

 

$

513

 

 

$

2,404

 

 

$

(425

)

 

$

1,979

 

 

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

Gross
Amount

 

 

Income Tax (Provision) Benefit

 

 

Net Amount

 

 

Gross
Amount

 

 

Income Tax (Provision) Benefit

 

 

Net
Amount

 

Pension and postretirement benefits (a):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial gain

 

$

(1,289

)

 

$

329

 

 

$

(960

)

 

$

(160

)

 

$

40

 

 

$

(120

)

Actuarial gains

 

 

2,069

 

 

 

(518

)

 

 

1,551

 

 

 

1,779

 

 

 

(446

)

 

 

1,333

 

Foreign currency translation

 

 

(473

)

 

 

 

 

 

(473

)

 

 

930

 

 

 

 

 

 

930

 

Total

 

$

307

 

 

$

(189

)

 

$

118

 

 

$

2,549

 

 

$

(406

)

 

$

2,143

 

(a) Actuarial gains are amortized into other income (expense). (See Note 11, Retirement Plans)