DELUXE CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
DLX$26.59+2.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
DELUXE CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Net income | $52,945 | $26,227 | $65,530 |
| Other comprehensive income (loss), net of tax: | |||
| Postretirement benefit plans: | |||
| Net actuarial gain (loss) arising during the year | 3,188 | 6,263 | (11,235) |
| Less reclassification of amounts to net income: | |||
| Amortization of prior service credit | (1,041) | (1,037) | (1,042) |
| Amortization of net actuarial loss | 1,111 | 1,822 | 836 |
| Postretirement benefit plans | 3,258 | 7,048 | (11,441) |
| Interest rate swaps: | |||
| Unrealized gain (loss) arising during the year | 2,298 | (524) | 4,869 |
| Reclassification of realized gain to net income | (2,012) | (2,355) | (15) |
| Interest rate swaps | 286 | (2,879) | 4,854 |
| Debt securities: | |||
| Unrealized holding loss arising during the year | — | (183) | (571) |
| Reclassification of realized loss to net income | — | 1,092 | 6 |
| Debt securities | — | 909 | (565) |
| Foreign currency translation adjustment: | |||
| Unrealized foreign currency translation (loss) gain arising during the year | (3,432) | 1,295 | (4,170) |
| Reclassification of foreign currency translation loss to net income | — | 863 | 5,550 |
| Foreign currency translation adjustment | (3,432) | 2,158 | 1,380 |
| Other comprehensive income (loss) | 112 | 7,236 | (5,772) |
| Comprehensive income | 53,057 | 33,463 | 59,758 |
| Comprehensive income attributable to non-controlling interest | (143) | (107) | (135) |
| Comprehensive income attributable to Deluxe | $52,914 | $33,356 | $59,623 |
| Income tax (expense) benefit of other comprehensive income (loss) included in above amounts: | |||
| Postretirement benefit plans: | |||
| Net actuarial gain (loss) arising during the year | $(1,164) | $(2,298) | $4,090 |
| Less reclassification of amounts to net income: | |||
| Amortization of prior service credit | 380 | 384 | 379 |
| Amortization of net actuarial loss | (223) | (451) | (64) |
| Postretirement benefit plans | (1,007) | (2,365) | 4,405 |
| Interest rate swaps: | |||
| Unrealized gain (loss) arising during the year | (839) | 194 | (1,771) |
| Reclassification of realized gain to net income | 773 | 872 | 5 |
| Interest rate swaps | (66) | 1,066 | (1,766) |
| Debt securities: | |||
| Unrealized holding loss arising during the year | — | 63 | 197 |
| Reclassification of realized loss to net income | — | (376) | (2) |
| Debt securities | — | (313) | 195 |
| Total net tax (expense) benefit | $(1,073) | $(1,612) | $2,834 |
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