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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The Company reports activity in AOCI for foreign currency translation adjustments, including the translation adjustment for investments in partially owned entities, 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, 2020 and 2019 is as follows (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
Pension and other postretirement benefits:

 
 
 
Balance at beginning of period, net of tax
$
(4,758
)
 
$
(8,027
)
Gain arising during the period
406

 
517

Less: Tax expense

 

Net gain arising during the period
406

 
517

Amortization of prior service cost (1)
8

 
7

Less: Tax expense 

 

Net amount reclassified from AOCI to net income
8

 
7

Other comprehensive income, net of tax
414

 
524

Balance at end of period, net of tax
(4,344
)
 
(7,503
)
Foreign currency translation adjustments:
 
 
 
Balance at beginning of period, net of tax
(6,710
)
 
(3,322
)
(Loss) gain on foreign currency translation
(25,547
)
 
1,221

Less: Tax expense

 

Net (loss) gain on foreign currency translation
(25,547
)
 
1,221

Balance at end of period, net of tax
(32,257
)
 
(2,101
)
Designated derivatives:
 
 
 
Balance at beginning of period, net of tax
(2,658
)
 
(1,166
)
Unrealized gain (loss) on cash flow hedge derivatives
7,196

 
(3,982
)
Unrealized gain (loss) on net investment hedge derivative
5,250

 

Less: Tax expense

 

Net gain (loss) on designated derivatives
12,446

 
(3,982
)
Net amount reclassified from AOCI to net income (loss) (interest expense)
(291
)
 

Net reclassified from AOCI to net income (loss) (foreign exchange (gain) loss)
(16,194
)
 
1,268

Balance at end of period, net of tax
(6,697
)
 
(3,880
)
 
 
 
 
Accumulated other comprehensive loss
$
(43,298
)
 
$
(13,484
)
(1) 
Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general and administrative” in the accompanying condensed consolidated statements of operations.