Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Accumulated Other Comprehensive Loss

The activity in AOCI for the three months ended March 31, 2021 and 2020 is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Pension and other postretirement benefits:
Balance at beginning of period, net of tax	$	(3,325)	$	(4,758)
Gain arising during the period	381		406
Less: Tax expense	—		—
Net gain arising during the period	381		406
Amortization of prior service cost (1)	—		8
Less: Tax expense	—		—
Net amount reclassified from AOCI to net (loss) income	—		8
Other comprehensive income, net of tax	381		414
Balance at end of period, net of tax	(2,944)		(4,344)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	3,234		(6,710)
Loss on foreign currency translation	(10,682)		(25,547)

Less: Tax expense	—		—
Net loss on foreign currency translation	(10,682)		(25,547)
Balance at end of period, net of tax	(7,448)		(32,257)
Designated derivatives:
Balance at beginning of period, net of tax	(4,288)		(2,658)
Unrealized gain on cash flow hedge derivatives	2,672		7,196
Unrealized gain on net investment hedge derivative	—		5,250
Less: Tax expense	—		—
Net gain on designated derivatives	2,672		12,446
Net amount reclassified from AOCI to net (loss) income (interest expense)	93		(291)
Net amount reclassified from AOCI to net (loss) income (loss on debt extinguishment, modifications and termination of derivative instruments)	627		—
Net reclassified from AOCI to net (loss) income (foreign exchange (gain) loss)	(2,371)		(16,194)
Balance at end of period, net of tax	(3,267)		(6,697)

Accumulated other comprehensive loss	$	(13,659)	$	(43,298)

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