The following table presents the changes in the accumulated balances for each component of AOCL for the six months ended June 30, 2017 and 2016. All amounts within the tables are shown net of tax.



	Unrealized Gains /(Losses) on Cash Flow Hedges ⁽¹⁾			Defined Benefit Pension Items ⁽²⁾			Foreign Currency Items			Total
Balance at December 31, 2015	$	—		$	(46,919	)	$	(16,256	)	$	(63,175	)
Activity during period:
Other comprehensive income (loss) before reclassifications	(1,068		)	—			806			(262		)
Amounts reclassified from AOCL	—			1,567			—			1,567
Net other comprehensive income (loss)	(1,068		)	1,567			806			1,305
Balance at June 30, 2016	$	(1,068	)	$	(45,352	)	$	(15,450	)	$	(61,870	)
Balance at December 31, 2016	$	—		$	(35,865	)	$	(16,275	)	$	(52,140	)
Activity during period:
Other comprehensive income (loss) before reclassifications	739			—			280			1,019
Amounts reclassified from AOCL	—			767			—			767
Net other comprehensive income (loss)	739			767			280			1,786
Balance at June 30, 2017	$	739		$	(35,098	)	$	(15,995	)	$	(50,354	)


⁽¹⁾	Gains/(losses) on cash flow hedges are related to foreign currency forward contracts. Reclassifications from AOCL are recognized through “contract drilling services” expense on our Condensed Consolidated Statements of Operations. See Note 11— Derivative Instruments and Hedging Activities for additional information.


⁽²⁾	Defined benefit pension items relate to actuarial changes and the amortization of prior service costs. Reclassifications from AOCL are recognized as expense on our Condensed Consolidated Statements of Operations through either “Contract drilling services” or “General and administrative.” See Note 10— Employee Benefit Plans for additional information.