Company: DLX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000027996-25-000142
Chunk: 18

Company: DELUXE CORP
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 18
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AUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 5:OTHER COMPREHENSIVE INCOME (LOSS)Reclassification adjustments – Information regarding amounts reclassified from accumulated other comprehensive loss to net income was as follows:Accumulated other comprehensive loss componentsAmounts reclassified from accumulated other comprehensive lossAffected line item in consolidated statements of comprehensive incomeQuarter EndedMarch 31,(in thousands)20252024Amortization of postretirement benefit plan items:Prior service credit$355 $355 Other income, netNet actuarial loss(212)(334)Other income, netTotal amortization143 21 Other income, netTax expense(75)(43)Income tax provisionAmortization of postretirement benefit plan items, net of tax68 (22)Net incomeCash flow hedges:Realized gain on cash flow hedges— 915 Interest expenseTax expense— (247)Income tax provisionRealized gain on cash flow hedges, net of tax— 668 Net incomeTotal reclassifications, net of tax$68 $646 Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss for the quarters ended March 31, 2025 and March 31, 2024 were as follows:(in thousands)Postretirement benefit plansCurrency translation adjustmentAccumulated other comprehensive lossBalance, December 31, 2024$(16,566)$(13,350)$(29,916)Other comprehensive loss before reclassifications— (48)(48)Amounts reclassified from accumulated other comprehensive loss(68)— (68)Net current-period other comprehensive loss(68)(48)(116)Balance, March 31, 2025$(16,634)$(13,398)$(30,032)(in thousands)Postretirement benefit plansNet unrealized gain on cash flow hedges(1)Currency translation adjustmentAccumulated other comprehensive lossBalance, December 31, 2023$(19,824)$(286)$(9,918)$(30,028)Other comprehensive income (loss) before reclassifications— 5,864 (1,027)4,837 Amounts reclassified from accumulated other comprehensive loss22 (668)— (646)Net current-period other comprehensive income (loss)22 5,196 (1,027)4,191 Balance, March 31,