Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive (Loss) Income

The activity in AOCI for the three and nine months ended September 30, 2022 and 2021 is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Pension and other postretirement benefits:
Gain arising during the period	$	61	$	382	$	4	$	1,144
Amortization of prior service cost (1)	5		7		16		22
Total pension and other postretirement benefits, net of tax	$	66	$	389	$	20	$	1,166
Foreign currency translation adjustments:
Cumulative translation adjustment	$	(91,178)	$	(9,485)	$	(187,853)	$	(13,141)
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture	—		—		4,970		—
Derivative net investment hedges	66,140		—		145,163		—
Total foreign currency translation loss	$	(25,038)	$	(9,485)	$	(37,720)	$	(13,141)
Designated derivatives:
Cash flow hedge derivatives	$	17,775	$	5,094	$	25,913	$	10,116
Net amount reclassified from AOCI to net loss	(9,501)		(4,847)		(15,929)		(7,239)
Total unrealized gains on derivative contracts	$	8,274	$	247	$	9,984	$	2,877
Total change in other comprehensive loss	$	(16,698)	$	(8,849)	$	(27,716)	$	(9,098)

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