| Deferred Components of AOCL in Equity, Net of Related Taxes, and Changes in AOCL |
The following table presents deferred components of AOCL in equity, net of related taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
March 2025 |
|
|
December 2024 |
|
March 2024 |
| Foreign currency translation |
|
$ |
(109,432) |
|
|
|
$ |
(115,505) |
|
|
$ |
(93,580) |
|
| Defined benefit pension plans |
|
2,094 |
|
|
|
2,119 |
|
|
2,831 |
|
| Derivative financial instruments |
|
(7,248) |
|
|
|
(3,264) |
|
|
22,517 |
|
| Accumulated other comprehensive loss |
|
$ |
(114,586) |
|
|
|
$ |
(116,650) |
|
|
$ |
(68,232) |
|
The following tables present changes in AOCL, net of related tax impact:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 2025 |
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
|
|
|
|
|
|
|
|
|
| Balance, December 2024 |
$ |
(115,505) |
|
|
$ |
2,119
|
|
|
$ |
(3,264) |
|
|
$ |
(116,650) |
|
|
| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
6,073 |
|
|
— |
|
|
(4,923) |
|
|
1,150 |
|
|
| Reclassifications to net income of previously deferred (gains) losses |
— |
|
|
(25) |
|
|
939 |
|
|
914 |
|
|
| Net other comprehensive income (loss) |
6,073 |
|
|
(25) |
|
|
(3,984) |
|
|
2,064 |
|
|
| Balance, March 2025 |
$ |
(109,432) |
|
|
$ |
2,094
|
|
|
$ |
(7,248) |
|
|
$ |
(114,586) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 2024 |
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
| Balance, December 2023 |
$ |
(91,057) |
|
|
$ |
2,913
|
|
|
$ |
20,293
|
|
|
$ |
(67,851) |
|
|
| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
(2,523) |
|
|
— |
|
|
9,688 |
|
|
7,165 |
|
|
| Reclassifications to net income of previously deferred (gains) losses |
— |
|
|
(82) |
|
|
(7,464) |
|
|
(7,546) |
|
|
| Net other comprehensive income (loss) |
(2,523) |
|
|
(82) |
|
|
2,224 |
|
|
(381) |
|
|
| Balance, March 2024 |
$ |
(93,580) |
|
|
$ |
2,831
|
|
|
$ |
22,517
|
|
|
$ |
(68,232) |
|
|
|
| Reclassification Out of AOCL |
The following table presents reclassifications out of AOCL:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
|
|
|
Three Months Ended March |
|
|
|
| Details About Accumulated Other Comprehensive Loss Reclassifications |
|
Affected Line Item in the Financial Statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
|
|
|
|
| Defined benefit pension plans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change in deferred gains (losses) during the period |
|
Selling, general and administrative expenses |
|
|
$ |
33 |
|
|
|
$ |
93 |
|
|
|
|
|
|
|
| Total before tax |
|
|
|
|
33 |
|
|
|
93 |
|
|
|
|
|
|
|
| Income taxes |
|
Income taxes |
|
|
(8) |
|
|
|
(11) |
|
|
|
|
|
|
|
| Net of tax |
|
|
|
|
25 |
|
|
|
82 |
|
|
|
|
|
|
|
| Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency exchange contracts |
|
Net revenues |
|
|
$ |
(811) |
|
|
|
$ |
53 |
|
|
|
|
|
|
|
| Foreign currency exchange contracts |
|
Cost of goods sold |
|
|
(489) |
|
|
|
5,291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency exchange contracts |
|
Other expense, net |
|
|
176 |
|
|
|
82 |
|
|
|
|
|
|
|
| Interest rate swap agreements |
|
Interest expense |
|
|
419 |
|
|
|
2,731 |
|
|
|
|
|
|
|
| Total before tax |
|
|
|
|
(705) |
|
|
|
8,157 |
|
|
|
|
|
|
|
| Income taxes |
|
Income taxes |
|
|
(234) |
|
|
|
(693) |
|
|
|
|
|
|
|
| Net of tax |
|
|
|
|
(939) |
|
|
|
7,464 |
|
|
|
|
|
|
|
| Total reclassifications for the period, net of tax |
|
|
$ |
(914) |
|
|
|
$ |
7,546
|
|
|
|
|
|
|
|
|