Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Accumulated Other Comprehensive (Loss) Income

The activity in AOCI for the three and six months ended June 30, 2023 and 2022 is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Pension and other postretirement benefits:
(Loss) gain arising during the period	$	(388)	$	(118)	$	310	$	(57)
Amortization of prior service cost (1)	—		5		0		11
Total pension and other postretirement benefits, net of tax	$	(388)	$	(113)	$	310	$	(46)

Foreign currency translation adjustments:
Cumulative translation adjustment	$	14,427	$	(84,167)	$	25,228	$	(96,674)
Derecognition of cumulative foreign currency translation upon deconsolidation of entity contributed to a joint venture	$	—	4,970		$	—	4,970
Derivative net investment hedges	(8,284)		55,330		(18,906)		79,023
Total foreign currency translation adjustments	$	6,143	$	(23,867)	$	6,322	$	(12,681)

Designated derivatives:
Cash flow hedge derivatives	$	26,020	12,666		$	17,456	$	8,341
Net amount reclassified from AOCI to net (loss) income	(3,661)		(11,108)		(7,661)		(6,632)
Total unrealized gain on derivative contracts	$	22,359	$	1,558	$	9,795	$	1,709
Total change in other comprehensive income (loss)	$	28,114	$	(22,422)	$	16,427	$	(11,018)

(1)Amounts reclassified from AOCI for pension liabilities are recognized in “Selling, general and administrative” in the accompanying Condensed Consolidated Statements of Operations.