
	Three Months Ended September 30,				Nine Months Ended September 30,
Dollars in thousands	2022		2021		2022		2021
Net income	$	49,915	$	43,229	$	127,604	$	123,691
Foreign currency translation adjustment	(21,392)		(7,815)		(45,142)		(13,058)
Change in unrealized gain (loss) on derivatives, net of tax	27,213		10,964		82,957		40,075
Pension liability adjustment, net of tax	(45)		39		(99)		267
Comprehensive income, net	$	55,691	$	46,417	$	165,320	$	150,975

Changes in accumulated other comprehensive loss by component between December 31, 2021 and September 30, 2022 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, 2022	$	(42,981)	$	1,893	$	(4,067)	$	(45,155)
Other comprehensive gain (loss)	115,298		(99)		(45,142)		70,057
Less: Amounts reclassified from accumulated other comprehensive income, net	32,341		—		—		32,341
Net current-period other comprehensive gain (loss)	82,957		(99)		(45,142)		37,716
Balance at September 30, 2022	$	39,976	$	1,794	$	(49,209)	$	(7,439)

For the nine months ended September 30, 2022, the Company reclassified a gain of $36.3 million and a loss of $4.0 million from accumulated other comprehensive loss to other income, net and interest income, respectively.