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COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in the components of AOCI, net of tax, for the first two quarters of 2020 and 2019 were as follows:
(in thousands)
Currency translation
(loss) gain
Net unrecognized loss related to benefit plans
(net of tax)
Total
Balance at December 31, 2019
$
5,743

$
(3,817
)
$
1,926

Other comprehensive income (loss) before reclassifications
2,380

—

2,380

Reclassified from AOCI to net income (loss)
—

(246
)
(246
)
Net other comprehensive income (loss)
2,380

(246
)
2,134

Balance at March 31, 2020
$
8,123

$
(4,063
)
$
4,060

Other comprehensive income (loss) before reclassifications
(4,095
)
—

(4,095
)
Reclassified from AOCI to net income (loss)
—

(246
)
(246
)
Net other comprehensive income (loss)
(4,095
)
(246
)
(4,341
)
Balance at June 30, 2020
$
4,028

$
(4,309
)
$
(281
)

(in thousands)
Currency translation
(loss) gain
Net unrealized gain (loss)
on derivative instruments (1)
Net unrecognized loss related to benefit plans
(net of tax)
Total
Balance at December 31, 2018
$
(10,834
)
$
1,362

$
(1,960
)
$
(11,432
)
Other comprehensive income (loss) before reclassifications
10,260

(1,178
)
—

9,082

Reclassified from AOCI to net income (loss)
—

224

(356
)
(132
)
Net other comprehensive income (loss)
10,260

(954
)
(356
)
8,950

Balance at March 31, 2019
$
(574
)
$
408

$
(2,316
)
$
(2,482
)
Other comprehensive loss before reclassifications
(7,979
)
(189
)
—

(8,168
)
Reclassified from AOCI to net income (loss)
3,176

(22
)
(514
)
2,640

Net other comprehensive (loss) income
(4,803
)
(211
)
(514
)
(5,528
)
Balance at June 30, 2019
$
(5,377
)
$
197

$
(2,830
)
$
(8,010
)
(1) The remaining unrealized FX gain/(loss) is expected to be recognized over time as the related projects are completed.
Reclassification out of Accumulated Other Comprehensive Income
The amounts reclassified out of AOCI by component and the affected Condensed Consolidated Statements of Operations line items are as follows (in thousands):
AOCI component
Line items in the Condensed Consolidated Statements of Operations affected by reclassifications from AOCI
Three months ended June 30,
Six months ended June 30,
2020
2019
2020
2019
Release of currency translation gain with the sale of equity method investment and the sale of business
Loss on sale of business
$
—

$
(3,176
)
$
—

$
(3,176
)
Derivative financial instruments
Other – net
—

22

—

(202
)
 
Net loss
$
—

$
(3,154
)
$
—

$
(3,378
)
 
 
 
 
 
 
Amortization of prior service cost on benefit obligations
Benefit plans, net
246

514

492

870

 
Net income
$
246

$
514

$
492

$
870