Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Accumulated Other Comprehensive Loss

The activity in AOCI for the three and nine months ended September 30, 2020 and 2019 is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Pension and other postretirement benefits:
Balance at beginning of period, net of tax	$	(3,932)	$	(6,976)	$	(4,758)	$	(8,027)
Gain arising during the period	407		517		1,218		1,551
Less: Tax expense	—		—		—		—
Net gain arising during the period	407		517		1,218		1,551
Amortization of prior service cost (1)	7		8		22		25
Less: Tax expense	—		—		—		—
Net amount reclassified from AOCI to net income	7		8		22		25
Other comprehensive income, net of tax	414		525		1,240		1,576
Balance at end of period, net of tax	(3,518)		(6,451)		(3,518)		(6,451)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	(21,920)		(4,358)		(6,710)		(3,322)
Gain (loss) on foreign currency translation	4,641		(5,089)		(10,569)		(6,125)
Derecognition of cumulative foreign currency translation gain upon sale of partially owned entities (2)	—		(2,605)		—		(2,605)
Less: Tax expense	—		—		—		—
Net gain (loss) on foreign currency translation	4,641		(7,694)		(10,569)		(8,730)
Balance at end of period, net of tax	(17,279)		(12,052)		(17,279)		(12,052)
Designated derivatives:
Balance at beginning of period, net of tax	(10,191)		(5,643)		(2,658)		(1,166)
Unrealized loss on cash flow hedge derivatives	(6,097)		6,087		(15,727)		2,103
Unrealized gain on net investment hedge derivative	—		—		5,250		—
Less: Tax expense	—		—		—		—
Net loss on designated derivatives	(6,097)		6,087		(10,477)		2,103
Net amount reclassified from AOCI to net income (loss) (interest expense)	1,286		(212)		2,017		(212)
Net reclassified from AOCI to net income (loss) (foreign exchange (gain) loss)	3,807		(5,512)		(77)		(6,005)
Balance at end of period, net of tax	(11,195)		(5,280)		(11,195)		(5,280)

Accumulated other comprehensive loss	$	(31,992)	$	(23,783)	$	(31,992)	$	(23,783)

(1)Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general and administrative” in the accompanying condensed consolidated statements of operations.