Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2020

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income 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 designated derivatives, and minimum pension liability adjustments (net of tax). The activity in AOCI for the years ended December 31, 2020, 2019 and 2018 is as follows:


	2020		2019		2018
Pension and other postretirement benefits:	(In thousands)
Balance at beginning of period, net of tax	$	(4,758)	$	(8,027)	$	(7,126)
(Loss) gain arising during the period	(317)		1,180		(2,926)
Less: Tax expense	25		3		27
Net (loss) gain arising during the period	(342)		1,177		(2,953)
Amortization of net loss and prior service cost (1)	1,775		2,092		2,052

Net amount reclassified from AOCI to net income (loss)	1,775		2,092		2,052



Other comprehensive (loss) income , net of tax	1,433		3,269		(901)
Balance at end of period, net of tax	(3,325)		(4,758)		(8,027)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	(6,710)		(3,322)		8,318
Gain (loss) on foreign currency translation	9,944		(783)		(11,640)
Derecognition of cumulative foreign currency translation gain upon sale of partially owned entities (2)	—		(2,605)		—

Net gain (loss) on foreign currency translation	9,944		(3,388)		(11,640)
Balance at end of period, net of tax	3,234		(6,710)		(3,322)
Designated derivatives:
Balance at beginning of period, net of tax	(2,658)		(1,166)		(1,422)

Unrealized (loss) gain on cash flow hedge derivatives	(30,168)		(1,450)		862
Unrealized gain on net investment hedge derivative	5,250		—		—
Less: Tax expense	—		—		173
Net (loss) gain designated derivatives	(24,918)		(1,450)		689
Net amount reclassified from AOCI to net income (loss) (interest expense)	3,442		(306)		1,191
Net amount reclassified from AOCI to net income (loss) (loss on debt extinguishment, modifications and termination of derivative instruments)	7,688		—		1,825
Net amount reclassified from AOCI to net income (loss) (foreign exchange loss (gain), net)	12,158		264		(3,449)
Balance at end of period, net of tax	(4,288)		(2,658)		(1,166)








Accumulated other comprehensive loss	$	(4,379)	$	(14,126)	$	(12,515)

(1)Amounts reclassified from AOCI for pension liabilities are recorded in selling, general, and administrative expenses in the Consolidated Statements of Operations.

(2)Amount reclassified from AOCI for the derecognition of cumulative foreign currency translation gain related to the sale of partially owned entities is recognized in Gain from sale of partially owned entities in the Consolidated Statements of Operations.