Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

The Company reports activity in AOCI for foreign currency translation adjustments of investments in foreign subsidiaries, unrealized gains and losses on cash flow hedge derivatives, and minimum pension liability adjustments, net of tax. The activity in AOCI for the three months ended March 31, 2018 and 2017 is as follows:

	Three Months Ended March 31,
	2018			2017
	(In thousands)
Pension and other postretirement benefits:
Balance at beginning of period, net of tax	$	(7,126	)	$	(12,880	)
Gain arising during the period	491			676
Less: Tax expense	—			—
Net gain arising during the period	491			676
Amortization of prior service cost (1)	8			53
Less: Tax expense	—			—
Net amount reclassified from AOCI to net loss	8			53
Other comprehensive income, net of tax	499			729
Balance at end of period, net of tax	(6,627		)	(12,151		)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	8,318			3,874
(Loss) gain on foreign currency translation	(1,473		)	3,235
Less: Tax expense/(Tax benefit)	—			—
Net (loss)/gain on foreign currency translation	(1,473		)	3,235
Balance at end of period, net of tax	6,845			7,109
Cash flow hedge derivatives:
Balance at beginning of period, net of tax	(1,422		)	(1,538		)
Unrealized loss on cash flow hedge derivatives	(314		)	(869		)
Less: Tax expense/(Tax benefit)	15			(145		)
Net loss on cash flow hedge derivatives	(329		)	(724		)
Net amount reclassified from AOCI to net loss (interest expense)	365			376
Balance at end of period, net of tax	(1,386		)	(1,886		)
Accumulated other comprehensive loss	$	(1,168	)	$	(6,928	)

(1) Amounts reclassified from AOCI for pension liabilities are recorded in selling, general, and administrative expenses in the condensed consolidated statements of operations.