XML 30 R20.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The other comprehensive loss consists of the following components:
 
Three Months Ended June 30
  
2019
 
2018
  
Before-Tax
 
Income
 
After-Tax
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
 
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
  
 
  
 
  
 
  
 
  
 
  
Translation adjustments arising during the period
$
(11,104
)
 
$

 
$
(11,104
)
 
$
(31,167
)
 
$

 
$
(31,167
)
Pension and other postretirement plans:
  
 
  
 
  
 
  
 
  
 
  
Amortization of net prior service (credit) cost included in net income
(931
)
 
251

 
(680
)
 
70

 
(19
)
 
51

Amortization of net actuarial gain included in net income
(475
)
 
129

 
(346
)
 
(3,294
)
 
888

 
(2,406
)
 
(1,406
)
 
380

 
(1,026
)
 
(3,224
)
 
869

 
(2,355
)
Cash flow hedges:
  
 
  
 
  
 
  
 
  
 
  
Gain for the period
40

 
(5
)
 
35

 
371

 
(70
)
 
301

Other Comprehensive Loss
$
(12,470
)
 
$
375

 
$
(12,095
)
 
$
(34,020
)
 
$
799

 
$
(33,221
)

  
Six Months Ended June 30
  
2019
 
2018
  
Before-Tax
 
Income
 
After-Tax
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
 
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
  
 
  
 
  
 
  
 
  
 
  
Translation adjustments arising during the period
$
(1,071
)
 
$

 
$
(1,071
)
 
$
(19,603
)
 
$

 
$
(19,603
)
Pension and other postretirement plans:
  
 
  
 
  
 
  
 
  
 
  
Amortization of net prior service (credit) cost included in net income
(2,278
)
 
615

 
(1,663
)
 
146

 
(40
)
 
106

Amortization of net actuarial gain included in net income
(1,023
)
 
276

 
(747
)
 
(4,661
)
 
1,257

 
(3,404
)
  
(3,301
)
 
891

 
(2,410
)
 
(4,515
)
 
1,217

 
(3,298
)
Cash flow hedges:
 
 
  
 
  
 
  
 
  
 
  
(Loss) gain for the period
(427
)
 
103

 
(324
)
 
607

 
(115
)
 
492

Other Comprehensive Loss
$
(4,799
)
 
$
994

 
$
(3,805
)
 
$
(23,511
)
 
$
1,102

 
$
(22,409
)

The accumulated balances related to each component of other comprehensive income (loss) are as follows:
(in thousands, net of taxes)
Cumulative
Foreign
Currency
Translation
Adjustment
 
Unrealized Gain
on Pensions
and Other
Postretirement
Plans
 
Cash Flow
Hedges
 
Accumulated
Other
Comprehensive
Income
Balance as of December 31, 2018
$
(29,270
)
 
$
232,836

 
$
263

 
$
203,829

Other comprehensive loss before reclassifications
(1,071
)
 

 
(226
)
 
(1,297
)
Net amount reclassified from accumulated other comprehensive income (loss)

 
(2,410
)
 
(98
)
 
(2,508
)
Other comprehensive loss, net of tax
(1,071
)
 
(2,410
)
 
(324
)
 
(3,805
)
Balance as of June 30, 2019
$
(30,341
)
 
$
230,426

 
$
(61
)
 
$
200,024


The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows:
  
Three Months Ended 
 June 30
 
Six Months Ended 
 June 30
 
Affected Line Item in the Condensed Consolidated Statements of Operations
  
 
 
(in thousands)
2019
 
2018
 
2019
 
2018
 
Pension and Other Postretirement Plans:
  
 
  
 
 
 
  
 
  
Amortization of net prior service (credit) cost
$
(931
)
 
$
70

 
$
(2,278
)
 
$
146

 
(1)
Amortization of net actuarial gain
(475
)
 
(3,294
)
 
(1,023
)
 
(4,661
)
 
(1)
  
(1,406
)
 
(3,224
)
 
(3,301
)
 
(4,515
)
 
Before tax
  
380

 
869

 
891

 
1,217

 
Provision for Income Taxes
  
(1,026
)
 
(2,355
)
 
(2,410
)
 
(3,298
)
 
Net of Tax
Cash Flow Hedges
 
 
 
 
 
 
  
 
  
  
(58
)
 
(45
)
 
(127
)
 
(42
)
 
Interest expense
  
14

 
9

 
29

 
8

 
Provision for Income Taxes
  
(44
)
 
(36
)
 
(98
)
 
(34
)
 
Net of Tax
Total reclassification for the period
$
(1,070
)
 
$
(2,391
)
 
$
(2,508
)
 
$
(3,332
)
 
Net of Tax
____________
(1)
These accumulated other comprehensive income components are components of net periodic pension and postretirement plan cost (see Note 12) and are included in non-operating pension and postretirement benefit income in the Company’s Condensed Consolidated Statements of Operations.