Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

12. Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is a separate line within the Condensed Consolidated Statements of Equity that reports our cumulative loss that has not been reported as part of net loss.  The components of accumulated other comprehensive loss attributable to Covia at March 31, 2020 and December 31, 2019 were as follows:

	March 31, 2020
	Gross			Tax Effect		Net Amount
	(in thousands)
Foreign currency translation adjustments	$	(74,661	)	$	-	$	(74,661	)
Amounts related to employee benefit obligations		(52,796	)		14,706		(38,090	)
Unrealized gain (loss) on interest rate hedges		(35,820	)		4,766		(31,054	)
	$	(163,277	)	$	19,472	$	(143,805	)

	December 31, 2019
	Gross			Tax Effect		Net Amount
	(in thousands)
Foreign currency translation adjustments	$	(47,584	)	$	-	$	(47,584	)
Amounts related to employee benefit obligations		(54,650	)		14,882		(39,768	)
Unrealized gain (loss) on interest rate hedges		(22,500	)		4,766		(17,734	)
	$	(124,734	)	$	19,648	$	(105,086	)

The following table presents the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2020:

	Three Months Ended March 31, 2020
	Foreign currency translation adjustments			Amounts related to employee benefit obligations			Unrealized gain (loss) on interest rate hedges			Total
	(in thousands)
Beginning balance	$	(47,584	)	$	(39,768	)	$	(17,734	)	$	(105,086	)
Other comprehensive loss
before reclassifications		(27,077	)		(851	)		(14,583	)		(42,511	)
Amounts reclassified from
accumulated other comprehensive loss		-			2,529			1,263			3,792
Ending balance	$	(74,661	)	$	(38,090	)	$	(31,054	)	$	(143,805	)