Company: DLX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000027996-25-000051
Chunk: 114

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 114
---
$(385)$(5,335)(1) Relates to the sale of our web hosting businesses. Further information can be found in Note 6.

61

DELUXE CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

Accumulated other comprehensive loss – Changes in the components of accumulated other comprehensive loss were as follows:(in thousands)Postretirement benefit plansNet unrealized loss on debt securitiesNet unrealized loss on cash flow hedgesForeign currency translation adjustmentAccumulated other comprehensive lossBalance, December 31, 2021$(15,431)$(344)$(2,261)$(13,456)$(31,492)Other comprehensive (loss) income before reclassifications(11,235)(571)4,869 (4,170)(11,107)Amounts reclassified from accumulated other comprehensive loss(206)6 (15)5,550 5,335 Net other comprehensive (loss) income(11,441)(565)4,854 1,380 (5,772)Balance, December 31, 2022(26,872)(909)2,593 (12,076)(37,264)Other comprehensive income (loss) before reclassifications6,263 (183)(524)1,295 6,851 Amounts reclassified from accumulated other comprehensive loss785 1,092 (2,355)863 385 Net other comprehensive income (loss)7,048 909 (2,879)2,158 7,236 Balance, December 31, 2023(19,824)— (286)(9,918)(30,028)Other comprehensive income (loss) before reclassifications3,188 — 2,298 (3,432)2,054 Amounts reclassified from accumulated other comprehensive loss70 — (2,012)— (1,942)Net other comprehensive income (loss)3,258 — 286 (3,432)112 Balance, December 31, 2024$(16,566)$— $— $(13,350)$(29,916)

NOTE 6: DIVESTITURES

Over the past three years, we made strategic decisions to exit certain businesses and dispose of other assets. We believe these actions enable us to concentrate our resources on our growth businesses, while optimizing our operations.