Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Summary of Changes in Accumulated Other Comprehensive Income

Below is the change in the Company’s accumulated other comprehensive income (loss) (AOCI) balance by component (net of income taxes) for the three months ended March 31, 2023 and 2022:

(In thousands)	Foreign Currency Translation Adjustments			Defined Benefit Pension Plan Adjustments			Cash Flow Hedge Adjustments			Total
Balance at December 31, 2021	$	(135,268	)	$	(18,022	)	$	54		$	(153,236	)
Other comprehensive income before     reclassifications		9,829			—			2,791			12,620
Amounts reclassified from AOCI		—			436			(3	)		433
Net current-period other comprehensive income		9,829			436			2,788			13,053
Balance at March 31, 2022	$	(125,439	)	$	(17,586	)	$	2,842		$	(140,183	)
Balance at December 31, 2022	$	(156,835	)	$	(19,079	)	$	8,402		$	(167,512	)
Other comprehensive income before     reclassifications		18,423			—			(1,514	)		16,909
Amounts reclassified from AOCI		—			58			(3	)		55
Net current-period other comprehensive income		18,423			58			(1,517	)		16,964
Balance at March 31, 2023	$	(138,412	)	$	(19,021	)	$	6,885		$	(150,548	)

Summary of Amounts Reclassifications Out of Accumulated Other Comprehensive Income

Information regarding the reclassifications out of AOCI for the three months ended March 31, 2023 and 2022, is displayed below:

(In thousands)	Amount Reclassified from AOCI (1)
AOCI Components	Three Months Ended March 31,						Affected Line Item in Condensed Consolidated Statements of Income
	2023			2022
Amortization of defined benefit     pension actuarial losses	$	(75	)	$	(580	)	(2)
		17			144		Tax benefit
	$	(58	)	$	(436	)	Net of tax
Gains and losses on cash flow    hedges:
Foreign exchange contracts		3			3		Cost of sales
		3			3		Total before tax
		—			—		Tax benefit
	$	3		$	3		Net of tax
Total reclassifications for the period	$	(55	)	$	(433	)	Net of tax

(1)Amounts in parentheses denote expense to the Company’s Condensed Consolidated Statements of Income.

(2)This component of accumulated other comprehensive income is included in the computation of net periodic benefit cost. See Note 9, Postretirement Benefit Plans, of the notes to the Company’s condensed consolidated financial statements (included in Item 1 of this Form 10-Q) for additional details.