STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive income

	2023		2022		2021
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit	$	6,816	$	9,287	$	5,602
Interest rate swap		1,710		3,526		419
Foreign currency translation		(2,709)		(3,247)		(1,044)
Total	$	5,817	$	9,566	$	4,977
After-tax amounts:
Unrecognized net periodic benefit credit	$	5,061	$	6,896	$	4,160
Interest rate swap		1,263		2,604		309
Foreign currency translation		(2,000)		(2,397)		(770)
Total	$	4,324	$	7,103	$	3,699

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, 2021	$	3,699	$	4,160	$	309	$	(770)
Other comprehensive income (loss) before reclassifications		3,966		3,298		2,295		(1,627)
Amounts reclassified from accumulated other comprehensive income		(562)		(562)		—		—
Net current-period other comprehensive income (loss)		3,404		2,736		2,295		(1,627)
Balances at December 31, 2022	$	7,103	$	6,896	$	2,604	$	(2,397)
Other comprehensive income (loss) before reclassifications		(1,791)		(847)		(1,341)		397
Amounts reclassified from accumulated other comprehensive income		(988)		(988)		—		—
Net current-period other comprehensive income (loss)		(2,779)		(1,835)		(1,341)		397
Balances at December 31, 2023	$	4,324	$	5,061	$	1,263	$	(2,000)

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

	Unrecognized Net Periodic
	Benefit Credit
	2023		2022
	(in thousands)
Amortization of net actuarial gain, pre-tax(1)	$	1,330	$	757
Tax expense		(342)		(195)
Total, net of tax	$	988	$	562

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

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
Fourth quarter	$	0.12	$	2,846	$	0.12	$	2,938