Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the components of AOCI, net of tax, were as follows:

In thousands	Foreign Currency Translation Adjustments		Net Unrealized Gain (Loss) on Derivative Instruments		Net Unrealized Gain (Loss) on Nonderivative Instruments		Pension Benefit Obligation Adjustments		Accumulated Other Comprehensive Income (Loss)
Balances at January 1, 2020	$	(157,999)	$	(723)	$	(14,380)	$	(31,570)	$	(204,672)
OCI before reclassifications	21,082		(7,002)		—		(8,689)		5,391
Amounts reclassified from AOCI	52,074		6,104		—		2,577		60,755
Total other comprehensive income (loss)	73,156		(898)		—		(6,112)		66,146
Balances at December 31, 2020	(84,843)		(1,621)		(14,380)		(37,682)		(138,526)
OCI before reclassifications	(26,923)		1,121		—		14,264		(11,538)
Amounts reclassified from AOCI	—		290		—		1,676		1,966
Total other comprehensive income (loss)	(26,923)		1,411		—		15,940		(9,572)
Balances at December 31, 2021	(111,766)		(210)		(14,380)		(21,742)		(148,098)
OCI before reclassifications	(28,748)		—		—		23,170		(5,578)
Amounts reclassified from AOCI	57,321		—		—		1,681		59,002
Total other comprehensive income (loss)	28,573		—		—		24,851		53,424
Balances at December 31, 2022	$	(83,193)	$	(210)	$	(14,380)	$	3,109	$	(94,674)

In determining the amount of the impairment loss for the assets of the transaction with Dresser during the fourth quarter of 2021, we included $59.7 million of accumulated foreign currency translation losses and $0.9 million in unrealized defined benefit plan losses. Upon closing of the sale transaction in the first quarter of 2022, the then outstanding amounts in AOCI were reclassified to net income (loss) through loss on sale of businesses for a total of $55.4 million, with a corresponding reversal of the impairment loss originally booked in the fourth quarter of 2021. Refer to Note 18: Sale of Businesses for additional information on the transaction.

During the third quarter of 2022, we substantially liquidated our legal entity in Russia, recognizing a loss of $1.9 million for the reclassification of the currency translation adjustment from accumulated other comprehensive income (loss) related to the disposal of the business.

Income Tax (Provision) Benefit Related To OCI

The before-tax, income tax (provision) benefit, and net-of-tax amounts related to each component of OCI were as follows:

	Year Ended December 31,
In thousands	2022		2021		2020
Before-tax amount
Foreign currency translation adjustment	$	(28,921)	$	(26,757)	$	20,947
Foreign currency translation adjustment reclassified to net loss on sale or disposal of businesses	57,321		—		52,074
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	—		1,139		(7,519)
Net hedging (gain) loss reclassified to net loss	—		756		6,190
Net unrealized gain (loss) on defined benefit plans	23,519		14,426		(8,798)
Net defined benefit plan (gain) loss reclassified to net loss	1,706		1,695		2,609
Total other comprehensive income (loss), before tax	53,625		(8,741)		65,503
Tax (provision) benefit
Foreign currency translation adjustment	173		(166)		135
Foreign currency translation adjustment reclassified to net loss on sale or disposal of businesses	—		—		—
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	—		(18)		517
Net hedging (gain) loss reclassified to net loss	—		(466)		(86)
Net unrealized gain (loss) on defined benefit plans	(349)		(162)		109
Net defined benefit plan (gain) loss reclassified to net loss	(25)		(19)		(32)
Total other comprehensive income (loss) tax (provision) benefit	(201)		(831)		643
Net-of-tax amount
Foreign currency translation adjustment	(28,748)		(26,923)		21,082
Foreign currency translation adjustment reclassified to net loss on sale or disposal of businesses	57,321		—		52,074
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	—		1,121		(7,002)
Net hedging (gain) loss reclassified to net loss	—		290		6,104
Net unrealized gain (loss) on defined benefit plans	23,170		14,264		(8,689)
Net defined benefit plan (gain) loss reclassified to net loss	1,681		1,676		2,577
Total other comprehensive income (loss), net of tax	$	53,424	$	(9,572)	$	66,146