Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2021

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 and six months ended June 30, 2021 and 2020 is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Pension and other postretirement benefits:
Balance at beginning of period, net of tax	$	(2,944)	$	(4,344)	$	(3,325)	$	(4,758)
Gain arising during the period	381		405		762		811
Less: Tax expense	—		—		—		—
Net gain arising during the period	381		405		762		811
Amortization of prior service cost (1)	15		7		15		15
Less: Tax expense	—		—		—		—
Net amount reclassified from AOCI to net (loss) income	15		7		15		15
Other comprehensive income, net of tax	396		412		777		826
Balance at end of period, net of tax	(2,548)		(3,932)		(2,548)		(3,932)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	(7,448)		(32,257)		3,234		(6,710)
Gain (loss) on foreign currency translation	7,026		10,337		(3,656)		(15,210)

Less: Tax expense	—		—		—		—
Net gain (loss) on foreign currency translation	7,026		10,337		(3,656)		(15,210)
Balance at end of period, net of tax	(422)		(21,920)		(422)		(21,920)
Designated derivatives:
Balance at beginning of period, net of tax	(3,267)		(6,697)		(4,288)		(2,658)
Unrealized gain (loss) on cash flow hedge derivatives	2,350		(16,826)		5,022		(9,630)
Unrealized gain on net investment hedge derivative	—		—		—		5,250
Less: Tax expense	—		—		—		—
Net gain (loss) on designated derivatives	2,350		(16,826)		5,022		(4,380)
Net amount reclassified from AOCI to net (loss) income (interest expense)	46		1,023		139		732
Net amount reclassified from AOCI to net (loss) income (loss on debt extinguishment, modifications and termination of derivative instruments)	801		—		1,428		—
Net reclassified from AOCI to net (loss) income (foreign exchange (gain) loss)	(1,588)		12,309		(3,959)		(3,885)
Balance at end of period, net of tax	(1,658)		(10,191)		(1,658)		(10,191)

Accumulated other comprehensive loss	$	(4,628)	$	(36,043)	$	(4,628)	$	(36,043)

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