| Comprehensive Loss Note |
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated other comprehensive loss consisted of the following (amounts in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | Currency
Translation
Adjustments | | Gain (Loss) on
Derivatives | | Unrecognized
Losses and
Prior Service
Cost | | Total | | Balance at July 1, 2023 | $ | (233,461) | | | $ | 1,074 | | | $ | (9,174) | | | $ | (241,561) | | | Currency translation adjustments, net | (25,420) | | | — | | | — | | | (25,420) | | | Defined benefit pension plans: | | | | | | | | Amortization of unrecognized losses and prior service cost, net of tax of $(21) | — | | | — | | | 80 | | | 80 | | | Derivative loss | — | | | (82) | | | — | | | (82) | | | Balance at September 30, 2023 | $ | (258,881) | | | $ | 992 | | | $ | (9,094) | | | $ | (266,983) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Currency
Translation
Adjustments | | Gain (Loss) on
Derivatives | | Unrecognized
Losses and
Prior Service
Cost | | Total | | Balance at January 1, 2023 | $ | (243,712) | | | $ | 1,224 | | | $ | (9,267) | | | $ | (251,755) | | | Currency translation adjustments, net | (15,169) | | | — | | | — | | | (15,169) | | | Defined benefit pension plans: | | | | | | | | Amortization of unrecognized losses and prior service cost, net of tax of $(51) | — | | | — | | | 173 | | | 173 | | | Derivative loss | — | | | (232) | | | — | | | (232) | | | Balance at September 30, 2023 | $ | (258,881) | | | $ | 992 | | | $ | (9,094) | | | $ | (266,983) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Currency
Translation
Adjustments | | Gain (Loss) on
Derivatives | | Unrecognized
Losses and
Prior Service
Cost | | Total | | Balance at July 1, 2022 | $ | (236,367) | | | $ | 539 | | | $ | (9,407) | | | $ | (245,235) | | | Currency translation adjustments, net | (28,872) | | | — | | | — | | | (28,872) | | | Defined benefit pension plans: | | | | | | | | Amortization of unrecognized losses and prior service cost, net of tax of $(107) | — | | | — | | | 241 | | | 241 | | | Derivative gain | — | | | 287 | | | — | | | 287 | | | Balance at September 30, 2022 | $ | (265,239) | | | $ | 826 | | | $ | (9,166) | | | $ | (273,579) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Currency
Translation
Adjustments | | Gain (Loss) on
Derivatives | | Unrecognized
Losses and
Prior Service
Cost | | Total | | Balance at January 1, 2022 | $ | (236,059) | | | $ | (39) | | | $ | (10,382) | | | $ | (246,480) | | Currency translation adjustments, net (1) | (29,180) | | | — | | | — | | | (29,180) | | | Defined benefit pension plans: | | | | | | | | Amortization of unrecognized losses and prior service cost, net of tax of $(451) | — | | | — | | | 1,216 | | | 1,216 | | | Derivative gain | — | | | 865 | | | — | | | 865 | | | Balance at September 30, 2022 | $ | (265,239) | | | $ | 826 | | | $ | (9,166) | | | $ | (273,579) | |
(1) The currency translation adjustments, net includes currency translation on amounts reclassified into other expense within the Condensed Consolidated Statements of Operations of approximately $10.0 million for the nine months ended September 30, 2022 related to the sale of the Australian wheel business. Refer to Note 1 and 12 for additional information.
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