Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Accumulated Other Comprehensive Loss

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.