Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 21

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 21
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066 $1,066 Other income, netNet actuarial loss(212)(334)(636)(1,001)Other income, netTotal amortization143 21 430 65 Other income, netTax expense(74)(44)(226)(133)Income tax provisionAmortization of postretirement benefit plan items, net of tax69 (23)204 (68)Net incomeCash flow hedges:Realized gain on cash flow hedges— 830 — 2,640 Interest expenseTax expense— (223)— (712)Income tax provisionRealized gain on cash flow hedges, net of tax— 607 — 1,928 Net incomeTotal reclassifications, net of tax$69 $584 $204 $1,860 Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss for the nine months ended September 30, 2025 and September 30, 2024 were as follows:(in thousands)Postretirement benefit plansCurrency translation adjustmentAccumulated other comprehensive lossBalance, December 31, 2024$(16,566)$(13,350)$(29,916)Other comprehensive income before reclassifications— 643 643 Amounts reclassified from accumulated other comprehensive loss(204)— (204)Net current-period other comprehensive (loss) income(204)643 439 Balance, September 30, 2025$(16,770)$(12,707)$(29,477)(in thousands)Postretirement benefit plansNet unrealized loss on cash flow hedges(1)Currency translation adjustmentAccumulated other comprehensive lossBalance, December 31, 2023$(19,824)$(286)$(9,918)$(30,028)Other comprehensive loss before reclassifications— (1,013)(951)(1,964)Amounts reclassified from accumulated other comprehensive loss68 (1,928)— (1,860)Net current-period other comprehensive income (loss)68 (2,941)(951)(3,824)Balance, September 30, 2024$(19,756)$(3,227)$(10,869)$(33,852)(1) Other comprehensive loss before reclassifications is net of an income tax benefit of $375.

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DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS