v3.22.2.2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Comprehensive Income (Loss)
Comprehensive income for the nine months ended September 30, 2022 and 2021 was as follows:
 Three Months Ended September 30,Nine Months Ended September 30,
Dollars in thousands2022202120222021
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 tax27,213 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 
Schedule of Changes in Accumulated Other Comprehensive Loss by Component
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 thousandsGains and Losses on DerivativesDefined Benefit Pension ItemsForeign Currency ItemsTotal
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, net32,341 — — 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)