ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2023

Comprehensive income for the six months ended June 30, 2023 and 2022 was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands	2023		2022		2023		2022
Net income	$	4,184	$	44,788	$	28,410	$	77,689
Foreign currency translation adjustment	133		(18,067)		4,209		(23,749)
Change in unrealized loss/(gain) on derivatives, net of tax	(2,601)		25,922		(9,978)		55,744
Pension liability adjustment, net of tax	231		(45)		334		(54)
Comprehensive income, net	$	1,947	$	52,598	$	22,975	$	109,630

Schedule of Changes in Accumulated Other Comprehensive Loss by Component

Changes in accumulated other comprehensive income by component between December 31, 2022 and June 30, 2023 are presented in the table below, net of tax:


Dollars in thousands	Gains and Losses on Derivatives		Defined Benefit Pension Items		Foreign Currency Items		Total
Balance at January 1, 2023	$	22,817	$	9,322	$	(21,874)	$	10,265
Other comprehensive gain (loss)	(9,565)		334		4,209		(5,022)
Less: Amounts reclassified from accumulated other comprehensive income, net	413		—		—		413
Net current-period other comprehensive gain (loss)	(9,978)		334		4,209		(5,435)
Balance at June 30, 2023	$	12,839	$	9,656	$	(17,665)	$	4,830