Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Reclassification Out of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss were as follows:

	MSA Safety Incorporated				Noncontrolling Interests
	Three Months Ended   September 30,				Three Months Ended   September 30,
(In thousands)	2021		2020		2021		2020
Pension and other post-retirement benefits (a)
Balance at beginning of period	$	(108,183)	$	(118,656)	$	—	$	—
Amounts reclassified from accumulated other comprehensive loss into net income:
Amortization of prior service credit (Note 15)	(24)		(52)		—		—
Recognized net actuarial losses (Note 15)	4,820		4,221		—		—
Tax benefit	(1,095)		(1,111)		—		—
Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income	3,701		3,058		—		—
Balance at end of period	$	(104,482)	$	(115,598)	$	—	$	—
Available-for-sale securities
Balance at beginning of period	$	(5)	$	68	$	—	$	—
Unrealized loss on available-for-sale securities (Note 17)	(11)		(74)		—		—
Balance at end of period	$	(16)	$	(6)	$	—	$	—
Foreign currency translation
Balance at beginning of period	$	(70,957)	$	(106,622)	$	280	$	326
Acquisition of noncontrolling interest in consolidated subsidiaries (Note 19)	—		—		(280)		—
Foreign currency translation adjustments	(13,868)		15,226		—		294
Balance at end of period	$	(84,825)	$	(91,396)	$	—	$	620

(a) Reclassifications out of accumulated other comprehensive loss and into net income are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 15—Pensions and Other Post-retirement Benefits).

	MSA Safety Incorporated					Noncontrolling Interests
	Nine Months Ended September 30,					Nine Months Ended September 30,
(In thousands)	2021		2020			2021		2020
Pension and other post-retirement benefits (a)
Balance at beginning of period	$	(115,552)	$	(124,848)		$	—	$	—
Amounts reclassified from accumulated other comprehensive loss into net income:
Amortization of prior service credit (Note 15)	(72)		(156)			—		—
Recognized net actuarial losses (Note 15)	14,460		12,663			—		—
Tax benefit	(3,318)		(3,257)			—		—
Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income	11,070		9,250			—		—
Balance at end of period	$	(104,482)	$	(115,598)		$	—	$	—
Available-for-sale securities
Balance at beginning of period	$	(1)	$	6		$	—	$	—
Unrealized loss on available-for-sale securities (Note 17)	(15)		(12)			—		—
Balance at end of period	$	(16)	$	(6)		$	—	$	—
Foreign currency translation
Balance at beginning of period	$	(66,844)	$	(89,161)		$	372	$	423
Reclassification from accumulated other comprehensive loss into net income	—		720		(b)	—		—
Acquisition of noncontrolling interest in consolidated subsidiaries (Note 19)	—		—			(280)		—
Foreign currency translation adjustments	(17,981)		(2,955)			(92)		197
Balance at end of period	$	(84,825)	$	(91,396)		$	—	$	620

(a) Reclassifications out of accumulated other comprehensive loss and into net income are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 15—Pensions and Other Post-retirement Benefits).(b) Reclassifications into net income relate primarily to the approval of our plan to close several subsidiaries in our Europe, Middle East & Africa ("EMEA") operating segment and are included in Currency exchange losses (gains), net, within the unaudited Condensed Consolidated Statement of Income.