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Accumulated Other Comprehensive Income (AOCI) (Tables)
9 Months Ended
Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The table below presents changes in the components of AOCI for the period December 31, 2019 to September 30, 2020:
(in thousands)Translation
adjustments
Pension and
postretirement
liability
adjustments
Derivative
valuation
adjustment
Total Accumulated Other
Comprehensive
Income
December 31, 2019$(122,852)$(49,994)$(3,135)$(175,981)
Other comprehensive income/(loss) before reclassifications, net of tax3,038 (9,315)(6,268)
Pension/postretirement curtailment loss, net of tax— 265 — 265 
Interest expense related to swaps reclassified to the Consolidated Statements of Income, net of tax— — 2,041 2,041 
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax— 284 — 284 
Net current period other comprehensive income3,038 558 (7,274)(3,678)
September 30, 2020$(119,814)$(49,436)$(10,409)$(179,659)

The table below presents changes in the components of AOCI for the period December 31, 2018 to September 30, 2019:
(in thousands)Translation
adjustments
Pension and
postretirement
liability
adjustments
Derivative
valuation
adjustment
Total Accumulated Other
Comprehensive
Income
December 31, 2018$(115,976)$(47,109)$4,697 $(158,388)
Other comprehensive income/(loss) before reclassifications, net of tax(23,177)280 (8,037)(30,934)
Interest expense related to swaps reclassified to the Consolidated Statements of Income, net of tax— — (832)(832)
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax— 29 — 29 
Adjustment related to prior period change in opening valuation allowance— (1,346)— (1,346)
Net current period other comprehensive income(23,177)(1,037)(8,869)(33,083)
September 30, 2019$(139,153)$(48,146)$(4,172)$(191,471)
Reclassification out of Accumulated Other Comprehensive Income The table below presents the expense/(income) amounts reclassified, and the line items of the Statement of Income that were affected for the three and nine months ended September 30, 2020 and 2019:
Three months ended September 30,Nine months ended September 30,
(in thousands)2020201920202019
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Expense/(income) related to interest rate swaps included in Income before taxes (a)$1,219 $(245)$2,742 $(1,117)
Income tax effect(311)62 (701)285 
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income$908 $(183)$2,041 $(832)
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Pension/postretirement curtailment$ $— $378 $— 
Amortization of prior service credit(1,114)(1,105)(3,342)(3,315)
Amortization of net actuarial loss1,244 1,118 3,720 3,357 
Total pretax amount reclassified (b)130 13 756 42 
Income tax effect(32)(4)(207)(13)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income$98 $$549 $29 
(a)Included in Interest expense, net are payments related to the interest rate swap agreements and amortization of swap buyouts (see Notes 15 and 16).
(b)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4).