| Schedule of Condensed Statements of Income (Loss) |
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Years ended December 31, |
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2025 |
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2024 |
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2023 |
| Stock compensation expense |
$ |
12,316 |
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$ |
14,043 |
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$ |
16,031 |
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| Equity in net (income) from subsidiaries |
58,810 |
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(7,391) |
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(87,185) |
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| Net (loss) income |
(71,126) |
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(6,652) |
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71,154 |
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| Other comprehensive income (loss), net of tax: |
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| Pension and postretirement benefits |
983 |
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|
855 |
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1,120 |
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| Net loss from hedging activities |
(9,081) |
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(2,644) |
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(12,126) |
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| Foreign currency translation |
18,776 |
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(4,660) |
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4,056 |
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| Total other comprehensive (loss) income |
10,678 |
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(6,449) |
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(6,950) |
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| Comprehensive (loss) income |
$ |
(60,448) |
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$ |
(13,101) |
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$ |
64,204 |
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| Schedule of Condensed Balance Sheets |
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December 31, |
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2025 |
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2024 |
| ASSETS |
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| Investment in subsidiaries |
$ |
603,440 |
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$ |
700,460 |
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| Total assets |
$ |
603,440 |
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$ |
700,460 |
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| LIABILITIES |
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| Total liabilities |
$ |
— |
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$ |
— |
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| STOCKHOLDERS' EQUITY |
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Common stock (0.01 par); authorized shares 450,000,000; issued shares 140,872,846 and 140,872,846 on December 31, 2025 and 2024, respectively; outstanding shares 111,805,102 and 116,534,803 on December 31, 2025 and 2024, respectively |
1,409 |
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1,409 |
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Preferred stock (0.01 par); authorized shares 50,000,000; no shares issued or outstanding on December 31, 2025 and 2024, respectively |
— |
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— |
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| Additional paid-in capital |
1,108,525 |
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1,106,792 |
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| Accumulated deficit |
(248,634) |
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(177,508) |
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Treasury stock, at cost; shares 29,067,744 and 24,338,043 on December 31, 2025 and 2024, respectively |
(261,131) |
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(222,826) |
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| Accumulated other comprehensive income (loss) |
3,271 |
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|
(7,407) |
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| Total equity |
603,440 |
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|
700,460 |
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| Total liabilities and equity |
$ |
603,440 |
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$ |
700,460 |
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| Schedule of Condensed Statements of Cash Flow |
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Years ended December 31, |
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2025 |
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2024 |
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2023 |
| Cash flows from operating activities: |
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| Net (loss) income |
$ |
(71,126) |
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$ |
(6,652) |
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$ |
71,154 |
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| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Equity in net (income) from subsidiaries |
58,810 |
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(7,391) |
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(87,185) |
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| Stock compensation expense |
12,316 |
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14,043 |
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16,031 |
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| Net cash provided by operating activities |
— |
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— |
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— |
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| Effect of exchange rate changes on cash and cash equivalents |
— |
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— |
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— |
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| Net change in cash and cash equivalents |
— |
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— |
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— |
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| Cash and cash equivalents at beginning of period |
— |
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— |
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— |
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| Cash and cash equivalents at end of period |
$ |
— |
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$ |
— |
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$ |
— |
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