Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2022

The changes in accumulated other comprehensive loss by component for each of the fiscal years in the two-year period ended December 31, 2022 were as follows:


(Dollars and accompanying footnotes in thousands)	Foreign Currency Translation Adjustments		Pension and Other Postretirement Benefits(1)		Total
Balance as of December 31, 2020	$	(10,571)	$	(9,004)	$	(19,575)
Other comprehensive income (loss) before reclassifications	(25,070)		(823)		(25,893)
Amounts reclassified to earnings	—		225		225
Net other comprehensive income (loss) for period	(25,070)		(598)		(25,668)
Balance as of December 31, 2021	(35,641)		(9,602)		(45,243)
Other comprehensive income (loss) before reclassifications	(39,934)		(244)		(40,178)
Amounts reclassified to earnings	—		157		157
Net other comprehensive income (loss) for period	(39,934)		(87)		(40,021)
Balance as of December 31, 2022	$	(75,575)	$	(9,689)	$	(85,264)

(1) Net of taxes of $1,926, $2,125 and $1,951 for the years ended December 31, 2022, 2021 and 2020, respectively.

The impacts to the consolidated statements of operations related to items reclassified to earnings were as follows:


		Years Ended December 31,
(Dollars in thousands)	Financial Statement Line Item	2022		2021
Amortization/settlement of pension and other postretirement benefits
	Pension settlement charges	$	—	$	—
	Other income (expense), net(1)	(405)		(290)
	Income tax (expense) benefit	248		65
	Net income	$	(157)	$	(225)

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. For additional details, refer to “Note 11 – Pension Benefits, Other Postretirement Benefits and Employee Savings and Investment Plan.”