ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2021

Comprehensive income (loss) for the six months ended June 30, 2021 and 2020 was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands	2021		2020		2021		2020
Net income (loss)	$	35,068	$	(369)	$	80,462	$	8,811
Foreign currency translation adjustment	1,558		10,433		(5,243)		3,620

Change in unrealized loss on derivatives, net of tax	(7,804)		(8,830)		29,111		(30,136)
Pension liability adjustment, net of tax	(91)		(139)		228		(207)
Comprehensive income (loss), net	$	28,731	$	1,095	$	104,558	$	(17,912)

Changes in accumulated other comprehensive loss by component between December 31, 2020 and June 30, 2021 are presented in the table below, net of tax:


Dollars in thousands	Gains and Losses on Derivatives		Defined Benefit Pension Items		Foreign Currency Items		Total


Balance at January 1, 2021	$	(82,249)	$	(5,105)	$	13,295	$	(74,059)
Other comprehensive income (loss)	47,885		228		(5,243)		42,870
Less: Amounts reclassified from accumulated other comprehensive loss	18,774		—		—		18,774
Net current-period other comprehensive income (loss)	29,111		228		(5,243)		24,096
Balance at June 30, 2021	$	(53,138)	$	(4,877)	$	8,052	$	(49,963)

For the six months ended June 30, 2021, the Company reclassified a gain of $25.0 million and a loss of $6.2 million from accumulated other comprehensive loss to other income (expense), net and interest income.