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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The other comprehensive (loss) income consists of the following components:
 
Three Months Ended September 30
  
2018
 
2017
  
Before-Tax
 
Income
 
After-Tax
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
 
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
  
 
  
 
  
 
  
 
  
 
  
Translation adjustments arising during the period
$
(2,844
)
 
$
—

 
$
(2,844
)
 
$
11,470

 
$
—

 
$
11,470

Unrealized gains on available-for-sale securities:
 
 
  
 
  
 
  
 
  
 
  
Unrealized gains for the period, net
—

 
—

 
—

 
47,836

 
(19,134
)
 
28,702

Pension and other postretirement plans:
  
 
  
 
  
 
  
 
  
 
  
Amortization of net prior service cost included in net income
69

 
(18
)
 
51

 
118

 
(47
)
 
71

Amortization of net actuarial gain included in net income
(3,295
)
 
891

 
(2,404
)
 
(1,567
)
 
627

 
(940
)
 
(3,226
)
 
873

 
(2,353
)
 
(1,449
)
 
580

 
(869
)
Cash flow hedge:
  
 
  
 
  
 
  
 
  
 
  
Loss for the period
(6
)
 
1

 
(5
)
 
(72
)
 
14

 
(58
)
Other Comprehensive (Loss) Income
$
(6,076
)
 
$
874

 
$
(5,202
)
 
$
57,785

 
$
(18,540
)
 
$
39,245

  
Nine Months Ended September 30
  
2018
 
2017
  
Before-Tax
 
Income
 
After-Tax
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
 
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
  
 
  
 
  
 
  
 
  
 
  
Translation adjustments arising during the period
$
(22,447
)
 
$
—

 
$
(22,447
)
 
$
34,776

 
$
—

 
$
34,776

Unrealized gains on available-for-sale securities:
 
 
  
 
  
 
 
 
  
 
  
Unrealized gains for the period, net
—

 
—

 
—

 
71,370

 
(28,548
)
 
42,822

Pension and other postretirement plans:
  
 
  
 
  
 
  
 
  
 
  
Amortization of net prior service cost included in net income
215

 
(58
)
 
157

 
358

 
(143
)
 
215

Amortization of net actuarial gain included in net income
(7,956
)
 
2,148

 
(5,808
)
 
(4,958
)
 
1,983

 
(2,975
)
  
(7,741
)
 
2,090

 
(5,651
)
 
(4,600
)
 
1,840

 
(2,760
)
Cash flow hedge:
 
 
  
 
  
 
  
 
  
 
  
Gain (loss) for the period
601

 
(114
)
 
487

 
(215
)
 
43

 
(172
)
Other Comprehensive (Loss) Income
$
(29,587
)
 
$
1,976

 
$
(27,611
)
 
$
101,331

 
$
(26,665
)
 
$
74,666


The accumulated balances related to each component of other comprehensive income (loss) are as follows:
(in thousands, net of taxes)
Cumulative
Foreign
Currency
Translation
Adjustment
 
Unrealized Gain
on Available-for- Sale Securities
 
Unrealized Gain
on Pensions
and Other
Postretirement
Plans
 
Cash Flow
Hedge
 
Accumulated
Other
Comprehensive
Income (Loss)
Balance as of December 31, 2017
$
6,314

 
$
194,889

 
$
334,536

 
$
(184
)
 
$
535,555

Reclassification of unrealized gains on available-for-sale-securities to retained earnings as a result of adoption of new guidance
—

 
(194,889
)
 
—

 
—

 
(194,889
)
Other comprehensive (loss) income before reclassifications
(22,447
)
 
—

 
—

 
569

 
(21,878
)
Net amount reclassified from accumulated other comprehensive income (loss)
—

 
—

 
(5,651
)
 
(82
)
 
(5,733
)
Other comprehensive (loss) income, net of tax
(22,447
)
 
—

 
(5,651
)
 
487

 
(27,611
)
Balance as of September 30, 2018
$
(16,133
)
 
$
—

 
$
328,885

 
$
303

 
$
313,055


The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows:
  
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
 
Affected Line Item in the Condensed Consolidated Statement of Operations
  
 
 
(in thousands)
2018
 
2017
 
2018
 
2017
 
Pension and Other Postretirement Plans:
  
 
  
 
 
 
  
 
  
Amortization of net prior service cost
$
69

 
$
118

 
$
215

 
$
358

 
(1)
Amortization of net actuarial gain
(3,295
)
 
(1,567
)
 
(7,956
)
 
(4,958
)
 
(1)
  
(3,226
)
 
(1,449
)
 
(7,741
)
 
(4,600
)
 
Before tax
  
873

 
580

 
2,090

 
1,840

 
Provision for Income Taxes
  
(2,353
)
 
(869
)
 
(5,651
)
 
(2,760
)
 
Net of Tax
Cash Flow Hedge
 
 
 
 
 
 
  
 
  
  
(59
)
 
51

 
(101
)
 
123

 
Interest expense
  
11

 
(11
)
 
19

 
(25
)
 
Provision for Income Taxes
  
(48
)
 
40

 
(82
)
 
98

 
Net of Tax
Total reclassification for the period
$
(2,401
)
 
$
(829
)
 
$
(5,733
)
 
$
(2,662
)
 
Net of Tax
____________
(1)
These accumulated other comprehensive income components are components of net periodic pension and postretirement plan cost (see Note 12) and are included in non-operating pension and postretirement benefit income in the Company’s Condensed Consolidated Statements of Operations.