v3.24.2
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Comprehensive Income (Loss)
Comprehensive (loss) income for the three and six months ended June 30, 2024 and 2023:
 Three Months Ended June 30,Six Months Ended June 30,
Dollars in thousands2024202320242023
Net (loss) income$(12,402)$4,184 $(15,683)$28,410 
Foreign currency translation adjustment(8,674)(10,029)(7,945)(6,838)
Change in unrealized loss/(gain) on derivatives, net of tax594 7,561 4,330 1,069 
Pension liability adjustment, net of tax231 (5)334 
Comprehensive (loss) income, net$(20,482)$1,947 $(19,303)$22,975 
Schedule of Changes in Accumulated Other Comprehensive Loss by Component
Changes in accumulated other comprehensive (loss) income by component between December 31, 2023 and June 30, 2024 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, 2024
$21,489 $2,712 $(39,307)$(15,106)
Other comprehensive gain (loss)39,109 (5)(4,361)34,743 
Less: Amounts reclassified from accumulated other comprehensive income, net34,779 — 3,584 38,363 
Net current-period other comprehensive gain (loss)4,330 (5)(7,945)(3,620)
Balance at June 30, 2024
$25,819 $2,707 $(47,252)$(18,726)