Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2019

NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE LOSS:

Net change and ending balances for the various components of other comprehensive income (loss) and for accumulated other comprehensive loss as of and for the years ended December 31, 2018, and 2019, are summarized below.

	Foreign Currency Translation Adjustments			Unrecognized Components of Employee Benefit Plans			Derivatives			Total Accumulated Other Comprehensive Loss			Noncontrolling Interest			Accumulated Other Comprehensive Loss Attributable to Ampco-Pittsburgh
January 1, 2018	$	(11,932	)	$	(34,196	)	$	739		$	(45,389	)	$	3		$	(45,392	)
Net Change		(6,710	)		3,294			(803	)		(4,219	)		(177	)		(4,042	)
December 31, 2018		(18,642	)		(30,902	)		(64	)		(49,608	)		(174	)		(49,434	)
Net Change		290			(19,957	)		355			(19,312	)		(84	)		(19,228	)
December 31, 2019	$	(18,352	)	$	(50,859	)	$	291		$	(68,920	)	$	(258	)	$	(68,662	)

The following summarizes the line items affected on the consolidated statements of operations for components reclassified from accumulated other comprehensive loss for each of the years ended December 31. Amounts in parentheses represent credits to net loss.

	2019			2018
Amortization of unrecognized employee benefit costs:
Other expense	$	(302	)	$	89
Income tax provision		0			0
Net of income tax	$	(302	)	$	89
Realized losses (gains) from settlement of cash flow hedges:
Depreciation and amortization (foreign currency purchase contracts)	$	(27	)	$	(23	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		285			(67	)
Total before income tax		258			(90	)
Income tax provision		0			0
Net of income tax	$	258		$	(90	)

There was no income tax expense (benefit) associated with the various components of other comprehensive income (loss) for either year due to the Corporation having a valuation allowance recorded against its deferred income tax assets for the jurisdiction where the expense is recognized. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.