Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

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, 2022, 2021 and 2020 is as follows:

	2022		2021		2020
Pension and other postretirement benefits:	(In thousands)
(Loss) gain arising during the period	$	(2,397)	$	6,821	$	(342)
Amortization of prior service cost (1)	21		1,508		1,775
Total pension and other postretirement benefits, net of tax	(2,376)		8,329		1,433
Foreign currency translation adjustments:
Cumulative translation adjustment	$	(90,482)	$	(6,315)	$	9,944
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture	4,970		—		—
Derivative net investment hedges	61,998		—		—
Total foreign currency translation loss	(23,514)		(6,315)		9,944
Designated derivatives:
Cash flow hedge derivatives	21,505		$	11,626	$	(24,918)
Net amount reclassified from AOCI to net loss	(6,187)		(4,739)		23,288
Total unrealized gains on derivative contracts	15,318		6,887		(1,630)
Total change in other comprehensive loss	$	(10,572)	$	8,901	$	9,747

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