Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Accumulated Other Comprehensive Loss

The activity in AOCI for the three and nine months ended September 30, 2021 and 2020 is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Pension and other postretirement benefits:
Balance at beginning of period, net of tax	$	(2,548)	$	(3,932)	$	(3,325)	$	(4,758)
Gain arising during the period	382		407		1,144		1,218
Less: Tax expense	—		—		—		—
Net gain arising during the period	382		407		1,144		1,218
Amortization of prior service cost (1)	7		7		22		22
Less: Tax expense	—		—		—		—
Net amount reclassified from AOCI to net (loss) income	7		7		22		22
Other comprehensive income, net of tax	389		414		1,166		1,240
Balance at end of period, net of tax	(2,159)		(3,518)		(2,159)		(3,518)
Foreign currency translation adjustments:
Balance at beginning of period, net of tax	(422)		(21,920)		3,234		(6,710)
(Loss) gain on foreign currency translation	(9,485)		4,641		(13,141)		(10,569)

Less: Tax expense	—		—		—		—
Net (loss) gain on foreign currency translation	(9,485)		4,641		(13,141)		(10,569)
Balance at end of period, net of tax	(9,907)		(17,279)		(9,907)		(17,279)
Designated derivatives:
Balance at beginning of period, net of tax	(1,658)		(10,191)		(4,288)		(2,658)
Unrealized gain (loss) on cash flow hedge derivatives	5,094		(6,097)		10,116		(15,727)
Unrealized gain on net investment hedge derivative	—		—		—		5,250
Less: Tax expense	—		—		—		—
Net gain (loss) on designated derivatives	5,094		(6,097)		10,116		(10,477)
Net amount reclassified from AOCI to net (loss) income (interest expense)	3		1,286		142		2,017
Net amount reclassified from AOCI to net (loss) income (loss on debt extinguishment, modifications and termination of derivative instruments)	627		—		2,055		—
Net reclassified from AOCI to net (loss) income (foreign exchange (gain) loss)	(5,477)		3,807		(9,436)		(77)
Balance at end of period, net of tax	(1,411)		(11,195)		(1,411)		(11,195)

Accumulated other comprehensive loss	$	(13,477)	$	(31,992)	$	(13,477)	$	(31,992)

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