XML 35 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Basis of Presentation and Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statement of cash flows:
June 30,
2020
December 31,
2019
 (In thousands)
Cash and cash equivalents$61,584  $86,540  
Restricted cash and cash equivalents3,069  3,056  
Restricted cash and cash equivalents included in Other Assets2,903  2,804  
Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statement of cash flows
$67,556  $92,400  
Restricted Cash and Cash Equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statement of cash flows:
June 30,
2020
December 31,
2019
 (In thousands)
Cash and cash equivalents$61,584  $86,540  
Restricted cash and cash equivalents3,069  3,056  
Restricted cash and cash equivalents included in Other Assets2,903  2,804  
Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statement of cash flows
$67,556  $92,400  
Property, Plant and Equipment, Net
Property, Plant and Equipment, Net
Property, plant and equipment, net is stated at cost and is set forth below:
 June 30,
2020
December 31,
2019
 (In thousands)
Land$9,349  $8,919  
Buildings254,951  221,462  
Machinery and equipment780,088  775,997  
Property under construction299,954  265,715  
1,344,342  1,272,093  
Less: Accumulated depreciation688,137  691,852  
Property, Plant and Equipment, Net$656,205  $580,241  
Schedule of Other Assets, Noncurrent The following summarizes the changes in the carrying amount of our deferred debt issuance costs:
Six Months Ended
June 30,
20202019
(In thousands)
Balance at beginning of period$8,006  $9,583  
Additions6,627  —  
Interest expense (1)
(1,464) (788) 
Balance at end of period$13,169  $8,795  
(1)Includes the recognition of prior deferred debt issuance costs associated with the Credit Facility, as defined below, of $0.7 million for the six months ended June 30, 2020.
Components of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows:
June 30,
2020
December 31,
2019
 (In thousands)
Currency translation adjustments$(2,315) $8,769  
Net unrealized gain on derivative financial instruments304  64  
Unrecognized prior service cost on benefit obligations(15,395) (16,614) 
Net unrealized gain (loss) on available-for-sale investments(113) 333  
Accumulated other comprehensive income (loss)$(17,519) $(7,448) 
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows:
 Three Months Ended
June 30,
Six Months Ended
June 30,
 
 2020201920202019 
Accumulated Other Comprehensive Income (Loss) Component Recognized
(In thousands)Line Item Presented
Realized gain (loss) on derivative financial instruments
$551  $64  $550  $52  Revenues
(430) (337) (987) (135) Cost of operations
121  (273) (437) (83) Total before tax
(32) 70  106  21  Provision for Income Taxes
$89  $(203) $(331) $(62) Net Income
Amortization of prior service cost on benefit obligations
$(776) $(648) $(1,553) $(1,295) Other – net
167  155  334  291  Provision for Income Taxes
$(609) $(493) $(1,219) $(1,004) Net Income
Total reclassification for the period
$(520) $(696) $(1,550) $(1,066)