STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2023

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive income

	September 30		December 31
	2023		2022
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit	$	8,289	$	9,287
Interest rate swap		2,468		3,526
Foreign currency translation		(3,239)		(3,247)
Total	$	7,518	$	9,566
After-tax amounts:
Unrecognized net periodic benefit credit	$	6,155	$	6,896
Interest rate swap		1,823		2,604
Foreign currency translation		(2,392)		(2,397)
Total	$	5,586	$	7,103

Summary of changes in accumulated other comprehensive income, net of tax, by component

			Unrecognized		Interest		Foreign
			Net Periodic		Rate		Currency
	Total		Benefit Credit		Swap		Translation
	(in thousands)
Balances at December 31, 2022	$	7,103	$	6,896	$	2,604	$	(2,397)
Other comprehensive income (loss) before reclassifications		(776)		—		(781)		5
Amounts reclassified from accumulated other comprehensive income		(741)		(741)		—		—
Net current-period other comprehensive income (loss)		(1,517)		(741)		(781)		5
Balances at September 30, 2023	$	5,586	$	6,155	$	1,823	$	(2,392)
Balances at December 31, 2021	$	3,699	$	4,160	$	309	$	(770)
Other comprehensive income (loss) before reclassifications		701		—		2,383		(1,682)
Amounts reclassified from accumulated other comprehensive income		(422)		(422)		—		—
Net current-period other comprehensive income (loss)		279		(422)		2,383		(1,682)
Balances at September 30, 2022	$	3,978	$	3,738	$	2,692	$	(2,452)

Summary of the significant reclassifications out of accumulated other comprehensive income (loss) by component

	Unrecognized Net Periodic
	Benefit Credit
	Nine Months Ended September 30
	2023		2022
	(in thousands)
Amortization of net actuarial gain, pre-tax(1)	$	998	$	568
Tax expense		(257)		(146)
Total, net of tax	$	741	$	422

(1) Included in the computation of net periodic benefit credit of the Company’s supplemental benefit plan (“SBP”) and postretirement health benefit plan.

Summary of dividends declared

	2023				2022
	Per Share		Amount		Per Share		Amount
	(in thousands, except per share data)
First quarter	$	0.12	$	2,915	$	0.08	$	1,978
Second quarter	$	0.12	$	2,894	$	0.12	$	2,949
Third quarter	$	0.12	$	2,887	$	0.12	$	2,965