Components of Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2024

The components of AOCI, net of the effect of income taxes, and activity for the nine months ended September 30, 2023 and 2024 were as follows:


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2022	$	(213,104)		$	157		$	(354,699)		$	10	$	(567,636)

OCI before reclassifications	1,902		(a)	3,671		(b)	(3,433)		(a)	2		2,142
Amounts reclassified from AOCI, net of tax	—			(547)			13,651			—		13,104



Total OCI	1,902			3,124			10,218			2		15,246
Less: OCI attributable to noncontrolling interests	2,056			—			—			—		2,056
OCI attributable to Enviri Corporation	3,958			3,124			10,218			2		17,302
Balance at September 30, 2023	$	(209,146)		$	3,281		$	(344,481)		$	12	$	(550,334)


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2023	$	(183,499)		$	(470)		$	(355,740)		$	15	$	(539,694)

OCI before reclassifications	(4,355)		(a)	304		(b)	(13,832)		(a)	5		(17,878)
Amounts reclassified from AOCI, net of tax	—			(1,983)			14,160			—		12,177



Total OCI	(4,355)			(1,679)			328			5		(5,701)
Less: OCI attributable to noncontrolling interests	(225)			—			—			—		(225)
OCI attributable to Enviri Corporation	(4,580)			(1,679)			328			5		(5,926)
Balance at September 30, 2024	$	(188,079)		$	(2,149)		$	(355,412)		$	20	$	(545,620)

(a) Principally foreign currency fluctuation.

(b) Net change from periodic revaluations.

Amounts reclassified from AOCI were as follows:


(In thousands)	Three Months Ended				Nine Months Ended				Location on the Condensed Consolidated Statements of Operations
	September 30				September 30
	2024		2023		2024		2023



Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	541	$	(270)	$	44	$	1,007	Product revenues



Interest rate swaps	(866)		(825)		(2,619)		(1,690)		Interest expense

Total before income taxes	(325)		(1,095)		(2,575)		(683)
Income taxes	63		229		592		136
Total reclassification of cash flow hedging instruments, net of tax	$	(262)	$	(866)	$	(1,983)	$	(547)

Amortization of defined benefit pension items (c):
Actuarial losses	$	4,909	$	4,783	$	14,594	$	14,183	Defined benefit pension income (expense)
Prior service costs	119		116		354		345		Defined benefit pension income (expense)



Total before income taxes	5,028		4,899		14,948		14,528
Income taxes	(263)		(292)		(788)		(877)
Total reclassification of defined benefit pension items, net of tax	$	4,765	$	4,607	$	14,160	$	13,651

(c) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.

ENVIRI Corp 10-Q