| 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) |
|
June 2025 |
|
|
December 2024 |
|
June 2024 |
| Foreign currency translation |
|
$ |
(84,456) |
|
|
|
$ |
(115,505) |
|
|
$ |
(102,726) |
|
| Defined benefit pension plans |
|
2,069 |
|
|
|
2,119 |
|
|
2,773 |
|
| Derivative financial instruments |
|
(7,213) |
|
|
|
(3,264) |
|
|
5,017 |
|
| Accumulated other comprehensive loss |
|
$ |
(89,600) |
|
|
|
$ |
(116,650) |
|
|
$ |
(94,936) |
|
The following tables present changes in AOCL, net of related tax impact:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2025 |
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
|
|
|
|
|
|
|
|
|
| Balance, March 2025 |
$ |
(109,432) |
|
|
$ |
2,094
|
|
|
$ |
(7,248) |
|
|
$ |
(114,586) |
|
|
| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
24,976 |
|
|
— |
|
|
(803) |
|
|
24,173 |
|
|
| Reclassifications to net income of previously deferred (gains) losses |
— |
|
|
(25) |
|
|
838 |
|
|
813 |
|
|
| Net other comprehensive income (loss) |
24,976 |
|
|
(25) |
|
|
35 |
|
|
24,986 |
|
|
| Balance, June 2025 |
$ |
(84,456) |
|
|
$ |
2,069
|
|
|
$ |
(7,213) |
|
|
$ |
(89,600) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 2024 |
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
| Balance, March 2024 |
$ |
(93,580) |
|
|
$ |
2,831
|
|
|
$ |
22,517
|
|
|
$ |
(68,232) |
|
|
| Other comprehensive income (loss) due to gains (losses) arising before reclassifications |
(9,146) |
|
|
— |
|
|
(11,861) |
|
|
(21,007) |
|
|
| Reclassifications to net income of previously deferred (gains) losses |
— |
|
|
(58) |
|
|
(5,639) |
|
|
(5,697) |
|
|
| Net other comprehensive income (loss) |
(9,146) |
|
|
(58) |
|
|
(17,500) |
|
|
(26,704) |
|
|
| Balance, June 2024 |
$ |
(102,726) |
|
|
$ |
2,773
|
|
|
$ |
5,017
|
|
|
$ |
(94,936) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 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 |
31,049 |
|
|
— |
|
|
(5,726) |
|
|
25,323 |
|
|
| Reclassifications to net income of previously deferred (gains) losses |
— |
|
|
(50) |
|
|
1,777 |
|
|
1,727 |
|
|
| Net other comprehensive income (loss) |
31,049 |
|
|
(50) |
|
|
(3,949) |
|
|
27,050 |
|
|
| Balance, June 2025 |
$ |
(84,456) |
|
|
$ |
2,069
|
|
|
$ |
(7,213) |
|
|
$ |
(89,600) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 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 |
(11,669) |
|
|
— |
|
|
(2,173) |
|
|
(13,842) |
|
|
| Reclassifications to net income of previously deferred (gains) losses |
— |
|
|
(140) |
|
|
(13,103) |
|
|
(13,243) |
|
|
| Net other comprehensive income (loss) |
(11,669) |
|
|
(140) |
|
|
(15,276) |
|
|
(27,085) |
|
|
| Balance, June 2024 |
$ |
(102,726) |
|
|
$ |
2,773
|
|
|
$ |
5,017
|
|
|
$ |
(94,936) |
|
|
|
| Reclassification Out of AOCL |
The following table presents reclassifications out of AOCL:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
|
|
|
Three Months Ended June |
|
|
Six Months Ended June |
Details About Accumulated Other Comprehensive Loss Reclassifications |
|
Affected Line Item in the Financial Statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
| Defined benefit pension plans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change in deferred gains (losses) during the period |
|
Selling, general and administrative expenses |
|
|
$ |
34 |
|
|
|
$ |
92 |
|
|
|
$ |
67 |
|
|
|
$ |
185 |
|
| Total before tax |
|
|
|
|
34 |
|
|
|
92 |
|
|
|
67 |
|
|
|
185 |
|
| Income taxes |
|
Income taxes |
|
|
(9) |
|
|
|
(34) |
|
|
|
(17) |
|
|
|
(45) |
|
| Net of tax |
|
|
|
|
25 |
|
|
|
58 |
|
|
|
50 |
|
|
|
140 |
|
| Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency exchange contracts |
|
Net revenues |
|
|
$ |
(177) |
|
|
|
$ |
(1,215) |
|
|
|
$ |
(988) |
|
|
|
$ |
(1,162) |
|
| Foreign currency exchange contracts |
|
Cost of goods sold |
|
|
(1,110) |
|
|
|
6,290 |
|
|
|
(1,599) |
|
|
|
11,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency exchange contracts |
|
Other income (expense), net |
|
|
56 |
|
|
|
85 |
|
|
|
232 |
|
|
|
167 |
|
| Interest rate swap agreements |
|
Interest expense |
|
|
762 |
|
|
|
569 |
|
|
|
1,181 |
|
|
|
3,300 |
|
| Total before tax |
|
|
|
|
(469) |
|
|
|
5,729 |
|
|
|
(1,174) |
|
|
|
13,886 |
|
| Income taxes |
|
Income taxes |
|
|
(369) |
|
|
|
(90) |
|
|
|
(603) |
|
|
|
(783) |
|
| Net of tax |
|
|
|
|
(838) |
|
|
|
5,639 |
|
|
|
(1,777) |
|
|
|
13,103 |
|
| Total reclassifications for the period, net of tax |
|
|
$ |
(813) |
|
|
|
$ |
5,697
|
|
|
|
$ |
(1,727) |
|
|
|
$ |
13,243
|
|
|