Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Other Comprehensive (Loss) Income

The other comprehensive income (loss) consists of the following components:

	Three Months Ended June 30
	2020						2019
	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	$	16,405	$	—	$	16,405	$	(11,104)	$	—	$	(11,104)
Pension and other postretirement plans:
Amortization of net prior service cost (credit) included in net income	668		(181)		487		(931)		251		(680)
Amortization of net actuarial loss (gain) included in net income	390		(104)		286		(475)		129		(346)
	1,058		(285)		773		(1,406)		380		(1,026)
Cash flow hedges:
(Loss) gain for the period	(143)		33		(110)		40		(5)		35
Other Comprehensive Income (Loss)	$	17,320	$	(252)	$	17,068	$	(12,470)	$	375	$	(12,095)

	Six Months Ended June 30
	2020						2019
	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	$	(20,971)	$	—	$	(20,971)	$	(1,071)	$	—	$	(1,071)
Pension and other postretirement plans:
Amortization of net prior service cost (credit) included in net (loss) income	1,339		(362)		977		(2,278)		615		(1,663)
Amortization of net actuarial loss (gain) included in net (loss) income	610		(164)		446		(1,023)		276		(747)
	1,949		(526)		1,423		(3,301)		891		(2,410)
Cash flow hedges:
Loss for the period	(1,721)		394		(1,327)		(427)		103		(324)
Other Comprehensive Loss	$	(20,743)	$	(132)	$	(20,875)	$	(4,799)	$	994	$	(3,805)

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

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 Pensions and Other Postretirement Plans		Cash Flow Hedges		Accumulated Other Comprehensive Income
Balance as of December 31, 2019	$	(21,888)	$	325,921	$	(738)	$	303,295
Other comprehensive loss before reclassifications	(20,971)		—		(1,487)		(22,458)
Net amount reclassified from accumulated other comprehensive income (loss)	—		1,423		160		1,583
Other comprehensive (loss) income, net of tax	(20,971)		1,423		(1,327)		(20,875)
Balance as of June 30, 2020	$	(42,859)	$	327,344	$	(2,065)	$	282,420

Summary of Amounts and Line Items of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows:

	Three Months Ended   June 30				Six Months Ended   June 30				Affected Line Item in the Condensed Consolidated Statements of Operations
(in thousands)	2020		2019		2020		2019
Pension and Other Postretirement Plans:
Amortization of net prior service cost (credit)	$	668	$	(931)	$	1,339	$	(2,278)	(1)
Amortization of net actuarial loss (gain)	390		(475)		610		(1,023)		(1)
	1,058		(1,406)		1,949		(3,301)		Before tax
	(285)		380		(526)		891		Provision for (Benefit from) Income Taxes
	773		(1,026)		1,423		(2,410)		Net of Tax
Cash Flow Hedges
	118		(58)		147		(127)		Interest expense
	6		14		13		29		Provision for (Benefit from) Income Taxes
	124		(44)		160		(98)		Net of Tax
Total reclassification for the period	$	897	$	(1,070)	$	1,583	$	(2,508)	Net of Tax

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(1) These accumulated other comprehensive income components are included in the computation 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.