STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2024

Changes in AOCI by component, net of tax, for the years ended December 31, 2024, 2023, and 2022 are summarized as follows (in thousands):


	Foreign Currency Translation		Derivative Instruments		Total
Balances at December 31, 2021	$	(1,989)	$	2,848	$	859
Net unrealized gains (losses) arising during the period(a)	198		1,727		1,925
Less: Net realized gains (losses) reclassified to net loss(b)	—		3,666		3,666
Net change during the period	198		(1,939)		(1,741)
Balances at December 31, 2022	(1,791)		909		(882)
Net unrealized gains (losses) arising during the period(c)	975		(3,063)		(2,088)
Less: Net realized gains (losses) reclassified to net income(d)	—		(2,542)		(2,542)
Net change during the period	975		(521)		454
Balances at December 31, 2023	(816)		388		(428)
Net unrealized gains (losses) arising during the period(e)	(2,183)		(1,328)		(3,511)
Less: Net realized gains (losses) reclassified to net income(f)	—		(710)		(710)
Net change during the period	(2,183)		(618)		(2,801)
Balances at December 31, 2024	$	(2,999)	$	(230)	$	(3,229)

—————————

(a) Derivative instruments net of $0.6 million of tax expense for the year ended December 31, 2022.

(b) Derivative instruments net of $1.2 million of tax expense for the year ended December 31, 2022.

(d) Derivative instruments net of $0.8 million of tax benefit for the year ended December 31, 2023.

(e) Derivative instruments net of $0.4 million of tax benefit for the year ended December 31, 2024.

(f) Derivative instruments net of $0.2 million of tax benefit for the year ended December 31, 2024.

WABASH NATIONAL Corp 10-K