Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 69

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 69
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, 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.

14

DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 6: ACQUISITION AND DIVESTITURES Asset acquisition – On August 6, 2025, we acquired certain assets of JPMorgan Chase Bank’s CheckMatch electronic check conveyance service business for cash payments totaling $24,600, approximately half of which was paid at closing and the remainder to be paid in the first quarter of 2026. The assets acquired consisted of a lockbox network intangible asset, included in other intangibles in Note 3, with a fair value of $14,100 and a useful life of 10 years and a customer relationship intangible asset with a fair value of $10,500 and a useful life of 7 years.