Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2019

Components of Accumulated Other Comprehensive Loss

Changes in the balances of each component included in AOCI are presented in the tables below. All amounts are net of tax and exclude non-controlling interest.

(In thousands)	Foreign Currency Translation Adjustments			Unrealized Net Gains on Foreign Exchange Contracts			Total
Balance as of December 31, 2018 ⁽¹⁾	$	(5,584	)	$	195		$	(5,389	)
Other comprehensive income (loss) before reclassifications		(35	)		61			26
Net (gains) losses reclassified from accumulated other comprehensive loss		0			(158	)		(158	)
Net other comprehensive loss		(35	)		(97	)		(132	)
Balance as of September 30, 2019 ⁽²⁾	$	(5,619	)	$	98		$	(5,521	)

⁽¹⁾	^{Net of taxes of $68 thousand for unrealized net gains on foreign exchange contract derivatives and $149 thousand arising from the revaluation of tax effects included in accumulated other comprehensive income.}

⁽²⁾	^{Net of taxes of $34 thousand for unrealized net losses on foreign exchange contract derivatives.}

(In thousands)	Foreign Currency Translation Adjustments			Unrealized Net Gains on Foreign Exchange Contracts			Total
Balance as of December 31, 2017 ⁽¹⁾	$	(2,676	)	$	691		$	(1,985	)
Other comprehensive income (loss) before reclassifications		(1,622	)		(1,487	)		(3,109	)
Net (gains) losses reclassified from accumulated other comprehensive loss		0			(358	)		(358	)
Net other comprehensive income		(1,622	)		(1,845	)		(3,467	)
Balance as of September 30, 2018⁽²⁾	$	(4,298	)	$	(1,154	)	$	(5,452	)

⁽¹⁾ Net of taxes of $445 thousand for unrealized net gains on foreign exchange contract derivatives.

⁽²⁾ Net of taxes of $405 thousand for unrealized net losses on foreign exchange contract derivatives.

Income Tax Effects Related to Components of Other Comprehensive Income (Loss)

The following tables reflect the tax effects allocated to each component of other comprehensive income (loss) (“OCI”):

	Three Months Ended September 30,
	2019								2018
(In thousands)	Before-Tax Amount			Tax Effect		Net Amount			Before-Tax Amount			Tax Effect			Net Amount
Foreign currency translation adjustments	$	(574	)	$	0	$	(574	)	$	(60	)	$	0		$	(60	)
Foreign exchange contracts:
Net (losses) gains arising during the period		(257	)		67		(190	)		(1,803	)		468			(1,335	)
Net losses (gains) reclassified into income ⁽¹⁾		(48	)		13		(35	)		201			(52	)		149
Net change in unrealized (losses) gains on foreign exchange contracts		(305	)		80		(225	)		(1,602	)		416			(1,186	)
Net (loss) gain on cash flow hedges		(305	)		80		(225	)		(1,602	)		416			(1,186	)
Other comprehensive (loss) income	$	(879	)	$	80	$	(799	)	$	(1,662	)	$	416		$	(1,246	)

⁽¹⁾	^{Tax effects for the three months ended September 30, 2018 include $149 thousand arising from the revaluation of tax effects included in accumulated other comprehensive income at December 31, 2017.}

	Nine Months Ended September 30,
	2019									2018
(In thousands)	Before-Tax Amount			Tax Effect			Net Amount			Before-Tax Amount			Tax Effect		Net Amount
Foreign currency translation adjustments	$	(35	)	$	0		$	(35	)	$	(1,622	)	$	0	$	(1,622	)
Derivatives qualifying as cash flow hedges:
Foreign exchange contracts:
Net (losses) gains arising during the period		83			(22	)		61			(2,010	)		522		(1,488	)
Net (gains) losses reclassified into income ⁽¹⁾		(214	)		56			(158	)		(685	)		328		(357	)
Net change in unrealized (losses) gains on foreign exchange contracts		(131	)		34			(97	)		(2,695	)		850		(1,845	)
Net (loss) gain on cash flow hedges		(131	)		34			(97	)		(2,695	)		850		(1,845	)
Other comprehensive (loss) income	$	(166	)	$	34		$	(132	)	$	(4,317	)	$	850	$	(3,467	)

⁽¹⁾	^{Tax effects for the nine months ended September 30, 2018 include $149 thousand arising from the revaluation of tax effects included in accumulated other comprehensive income at December 31, 2017.}