Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 8. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) consist of the following (in thousands):

	Foreign Currency Translation Adjustments			Unrealized Gain (Loss) on Net Investment Hedge		Unrealized Gain (Loss) on Cash Flow Hedging Instruments			Unrealized Actuarial Gain (Loss) Related to Pension Liability			Unrealized Gain (Loss) on Postretirement Obligation			Total
Balance at January 1, 2020	$	(52,749	)	$	1,046	$	2,290		$	2,324		$	88		$	(47,001	)
Pre-tax amount		12,461			—		(839	)		(1,914	)		—			9,708
Tax (provision) benefit		—			—		(253	)		182			—			(71	)
Reclassification of (gain) loss to net income		—			—		(3,418	)		(129	)		(88	)		(3,635	)
Foreign currency translation		(162	)		—		29			133			—			—
Balance at December 31, 2020		(40,450	)		1,046		(2,191	)		596			—			(40,999	)
Pre-tax amount		(2,927	)		—		(296	)		—			—			(3,223	)
Tax (provision) benefit		—			—		11			1			—			12
Reclassification of (gain) loss to net income		—			—		1,428			(4	)		—			1,424
Foreign currency translation		(25	)		—		34			(9	)		—			—
Balance at June 30, 2021	$	(43,402	)	$	1,046	$	(1,014	)	$	584		$	—		$	(42,786	)

The following table summarizes the amounts reclassified to net income from accumulated other comprehensive income (loss) and the associated line item in the accompanying Condensed Consolidated Statements of Operations (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,						Statements of Operations
	2021			2020			2021			2020			Location
Gain (loss) on cash flow hedging    instruments: (1)
Pre-tax amount	$	(676	)	$	1,438		$	(1,433	)	$	2,364		Revenues
Tax (provision) benefit		4			(42	)		5			(70	)	Income taxes
Reclassification to net income		(672	)		1,396			(1,428	)		2,294
Actuarial gain (loss) related to    pension liability: (2)
Pre-tax amount		2			23			3			46		Other income (expense), net
Tax (provision) benefit		1			4			1			7		Income taxes
Reclassification to net income		3			27			4			53
Gain (loss) on postretirement    obligation: (2)(3)
Reclassification to net income		—			22			—			44		Other income (expense), net
	$	(669	)	$	1,445		$	(1,424	)	$	2,391

(1) See Note 6, Financial Derivatives, for further information.

(2) See Note 12, Defined Benefit Pension Plan and Postretirement Benefits, for further information.

(3) No related tax (provision) benefit.

The Company has accrued income taxes on earnings which it plans to repatriate to the U.S. Any remaining earnings as well as other outside basis differences associated with the Company’s investments in its foreign subsidiaries are considered to be indefinitely reinvested and no provision for income taxes on those earnings or translation adjustments has been provided. See Note 9, Income Taxes, for further information.