
	Three Months Ended March 31,
Dollars in thousands		2024		2023
Net (loss) income		$	(3,281)	$	24,226
Foreign currency translation adjustment		730		3,192
Change in unrealized loss/(gain) on derivatives, net of tax		3,735		(6,493)
Pension liability adjustment, net of tax		(5)		103
Comprehensive income, net		$	1,179	$	21,028

Changes in accumulated other comprehensive income by component between December 31, 2023 and March 31, 2024 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, 2024	$	21,489	$	2,712	$	(39,307)	$	(15,106)
Other comprehensive gain (loss)	34,939		(5)		2,425		37,359
Less: Amounts reclassified from accumulated other comprehensive income, net	31,204		—		1,695		32,899
Net current-period other comprehensive gain (loss)	3,735		(5)		730		4,460
Balance at March 31, 2024	$	25,224	$	2,707	$	(38,577)	$	(10,646)

For the three months ended March 31, 2024, the Company reclassified a gain of $27.2 million and $5.7 million from accumulated other comprehensive income to other income, net and interest income, respectively.