Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

4.  Accumulated Other Comprehensive Loss

Changes in the composition of Accumulated Other Comprehensive Loss ("AOCI") during the three months ended March 31, 2020, were as follows:

									Accumulated
	Cumulative								Other
	Translation		Cash Flow		Defined Benefit		Income		Comprehensive
(Amounts in thousands)	Adjustment		Hedges		Plans		Taxes		Loss
Balances at December 31, 2019	$	(22,184)	$	(1,530)	$	(49,282)	$	(1,714)	$	(74,710)
Net current period change		(17,971)		(28,794)		—		10,949		(35,816)
Amounts reclassified from AOCI		—		(120)		257		(34)		103
Balances at March 31, 2020	$	(40,155)	$	(30,444)	$	(49,025)	$	9,201	$	(110,423)

The change in “Cumulative Translation Adjustment” was caused by the strengthening of the dollar against the Mexican Peso and the Canadian Dollar during the three months ended March 31, 2020. Our assets for our parks that we operate in Mexico and Canada are recorded in their local currencies and translated into United States Dollars on our balance sheet. The difference in valuation is captured within the “Cumulative Translation Adjustment” account.

The change in “Cash Flow Hedges” was caused by declining interest rates and continued projections of low interest rates in future interest rate forward curves. See Note 5 for more information on our hedging activities.

The Company had the following reclassifications out of AOCI during the three months ended March 31, 2020 and 2019:

		Amount of Reclassification from AOCI
		Three Months Ended
Component of AOCI	Location of Reclassification into Income	March 31, 2020		March 31, 2019
Amortization of loss on interest rate hedge	Interest Expense	$	(120)	$	—
	Income tax benefit		30		—
	Net of tax	$	(90)	$	—
Amortization of deferred actuarial loss and prior service cost	Operating expenses	$	257	$	192
	Income tax expense		(64)		(49)
	Net of tax	$	193	$	143
Total reclassifications		$	103	$	143