Basis of Presentation and Significant Accounting Policies (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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| Accounting Policies [Abstract] |
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| Cash and Cash Equivalents |
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows: | | | | | | | | | | | | | | | | | March 31,
2024 | | December 31,
2023 | | | | (In thousands) | | Cash and cash equivalents | | $ | 45,895 | | | $ | 75,766 | | | Restricted cash and cash equivalents | | 2,892 | | | 2,858 | | | Restricted cash and cash equivalents included in Other Assets | | 3,204 | | | 2,991 | | | Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statements of cash flows | | $ | 51,991 | | | $ | 81,615 | |
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| Restricted Cash and Cash Equivalents |
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows: | | | | | | | | | | | | | | | | | March 31,
2024 | | December 31,
2023 | | | | (In thousands) | | Cash and cash equivalents | | $ | 45,895 | | | $ | 75,766 | | | Restricted cash and cash equivalents | | 2,892 | | | 2,858 | | | Restricted cash and cash equivalents included in Other Assets | | 3,204 | | | 2,991 | | | Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statements of cash flows | | $ | 51,991 | | | $ | 81,615 | |
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| Property, Plant and Equipment, Net |
Property, plant and equipment is stated at cost and is set forth below: | | | | | | | | | | | | | | | | | | March 31,
2024 | | December 31,
2023 | | | | (In thousands) | | Land | | $ | 10,622 | | | $ | 10,627 | | | Buildings | | 409,031 | | | 381,081 | | | Machinery and equipment | | 1,127,294 | | | 1,108,504 | | | Property under construction | | 542,078 | | | 571,758 | | | | 2,089,025 | | | 2,071,970 | | | Less: Accumulated depreciation | | 857,552 | | | 843,450 | | | Property, Plant and Equipment, Net | | $ | 1,231,473 | | | $ | 1,228,520 | |
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| Components of Accumulated Other Comprehensive Income (Loss) |
The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows: | | | | | | | | | | | | | | | | | March 31,
2024 | | December 31,
2023 | | | | (In thousands) | | Currency translation adjustments | | $ | (2,639) | | | $ | 8,669 | | | Net unrealized gain on derivative financial instruments | | 112 | | | 558 | | | Unrecognized prior service cost on benefit obligations | | (16,247) | | | (16,917) | | | Net unrealized gain on available-for-sale investments | | 255 | | | 227 | | | Accumulated other comprehensive loss | | $ | (18,519) | | | $ | (7,463) | |
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| Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) |
The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
March 31, | | | | | | | | | | 2024 | | 2023 | | | Accumulated Other Comprehensive Income (Loss) Component Recognized | | | | | (In thousands) | | Line Item Presented | Realized gain (loss) on derivative financial instruments | | | | | | $ | (34) | | | $ | 29 | | | Revenues | | | | | | | 116 | | | 137 | | | Cost of operations | | | | | | | 82 | | | 166 | | | Total before tax | | | | | | | (21) | | | (43) | | | Provision for Income Taxes | | | | | | | $ | 61 | | | $ | 123 | | | Net Income | Amortization of prior service cost on benefit obligations | | | | | | $ | (831) | | | $ | (830) | | | Other – net | | | | | | | 161 | | | 173 | | | Provision for Income Taxes | | | | | | | $ | (670) | | | $ | (657) | | | Net Income | Total reclassification for the period | | | | | | $ | (609) | | | $ | (534) | | | |
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