Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

Below is the change in the Company’s accumulated other comprehensive income (loss) (AOCI) balance by component (net of income taxes) for the years ended December 31, 2019, 2018 and 2017:

(In thousands)	Foreign Currency Translation Adjustments			Defined Benefit Pension Plan Adjustments			Cash Flow Hedge Adjustments			Total
Balance at December 31, 2016	$	(96,775	)	$	(30,790	)	$	100		$	(127,465	)
Other comprehensive income before reclassifications		26,214			(582	)		—			25,632
Amounts reclassified from AOCI		—			2,279			(9	)		2,270
Net current period other comprehensive income		26,214			1,697			(9	)		27,902
Balance at December 31, 2017	$	(70,561	)	$	(29,093	)	$	91		$	(99,563	)
Other comprehensive income before reclassifications		(37,920	)		(7,080	)		—			(45,000	)
Amounts reclassified from AOCI		—			3,090			(10	)		3,080
Net current period other comprehensive income		(37,920	)		(3,990	)		(10	)		(41,920	)
Balance at December 31, 2018	$	(108,481	)	$	(33,083	)	$	81		$	(141,483	)
Other comprehensive income before reclassifications		4,444			4,112			—			8,556
Amounts reclassified from AOCI		—			2,091			(9	)		2,082
Remeasurement adjustment related to the Tax Act⁽¹⁾		—			(5,325	)		—			(5,325	)
Net current period other comprehensive income		4,444			878			(9	)		5,313
Balance at December 31, 2019	$	(104,037	)	$	(32,205	)	$	72		$	(136,170	)

Summary of Amounts Reclassified Out of Accumulated Other Comprehensive Income

Amounts reclassified out of AOCI for the three years ended December 31, 2019, 2018 and 2017, is displayed below:

	Amounts Reclassified from AOCI ⁽¹⁾
(In thousands)										Affected Line Item in Consolidated
	2019			2018			2017			Statements of Income
Amortization of defined pension items:
Prior service cost	$	(12	)	$	(12	)	$	(14	)
Actuarial loss		(2,739	)		(4,059	)		(3,509	)
	$	(2,751	)		(4,071	)		(3,523	)	Total before tax ⁽²⁾
		660			981			1,244		Tax benefit
	$	(2,091	)	$	(3,090	)	$	(2,279	)	Net of tax

Gains and losses on cash flow hedges:
Foreign exchange contracts	$	9		$	10		$	9		Cost of sales
		9			10			9		Total before tax
		—			—			—		Tax benefit
	$	9		$	10		$	9		Net of tax
Total reclassifications for the period	$	(2,082	)	$	(3,080	)	$	(2,270	)	Net of tax

(1)	Amounts in parentheses denote expense to statement of income.

(2)	This component of accumulated other comprehensive income is included in the computation of net periodic benefit cost (see Note 14 for details regarding net periodic benefit costs for the Company’s U.S. and U.K. defined benefit plans).