ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in accumulated other comprehensive income (loss) were as follows:

	Years Ended December 31,
	2023		2022		2021
Net foreign currency translation adjustment	$	16,809	$	(4,799)	$	(11,255)
Net change of cash flow hedge (see Note 20 for further information)
Unrealized (loss) gain on cash flow hedge	(1,406)		3,564		2,707
Tax	341		(868)		(654)
Net of tax	(1,065)		2,696		2,053
Net change in postretirement benefit plan (see Note 15 for further information)
Prior service loss (gain) arising during the period	132		(41)		(4)
Amortization of prior service gain	—		9		74
Amortization of loss (gain)	8		(2)		(21)
Total before tax	140		(34)		49
Tax	(39)		(24)		(13)
Net of tax	101		(58)		36
Total other comprehensive income/(loss)	$	15,845	$	(2,161)	$	(9,166)

Included in "Net foreign currency translation adjustment" was loss of $1,455 related to a net investment hedge, which was net of tax benefit of $471 for the year ended December 31, 2023, and gains of $3,851, and $4,766, related to a net investment hedge, net of tax expenses of $1,236, and $1,527, for the years ended December 31, 2022 and 2021, respectively. See Note 20, Derivative Instruments and Hedging Activities.

Accumulated other comprehensive loss at December 31, 2023 and 2022 consisted of the following:

	Foreign currency translation adjustment		Cash flow hedge		Postretirement benefit plan		Total
Balance December 31, 2022	$	(8,401)	$	1,065	$	182	$	(7,154)
Other comprehensive income (loss)	16,809		(1,065)		101		15,845
Balance December 31, 2023	$	8,408	$	—	$	283	$	8,691