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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The other comprehensive income (loss) consists of the following components:
 
Year Ended December 31, 2019
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
5,371

 
$
—

 
$
5,371

Adjustment for sale of a business with foreign operations
2,011

 
—

 
2,011

 
7,382

 
—

 
7,382

Pension and other postretirement plans:
 
 
 
 
 
Actuarial gain
231,104

 
(62,398
)
 
168,706

Prior service cost
(5,725
)
 
1,546

 
(4,179
)
Amortization of net actuarial gain included in net income
(2,046
)
 
552

 
(1,494
)
Amortization of net prior service credit included in net income
(4,142
)
 
1,118

 
(3,024
)
Settlement included in net income
(91,676
)
 
24,752

 
(66,924
)
 
127,515

 
(34,430
)
 
93,085

Cash flow hedges:
 
 
 
 
 
Loss for the year
(1,344
)
 
343

 
(1,001
)
Other Comprehensive Income
$
133,553

 
$
(34,087
)
 
$
99,466

 
Year Ended December 31, 2018
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
(35,584
)
 
$
—

 
$
(35,584
)
Pension and other postretirement plans:
 
 
 
 
 
Actuarial loss
(101,013
)
 
27,273

 
(73,740
)
Prior service credit
4,262

 
(1,151
)
 
3,111

Amortization of net actuarial gain included in net income
(11,349
)
 
3,064

 
(8,285
)
Amortization of net prior service credit included in net income
(947
)
 
256

 
(691
)
Curtailments and settlements included in net income
(30,267
)
 
8,172

 
(22,095
)
 
(139,314
)
 
37,614

 
(101,700
)
Cash flow hedge:
 
 
 
 
 
Gain for the year
551

 
(104
)
 
447

Other Comprehensive Loss
$
(174,347
)
 
$
37,510

 
$
(136,837
)
 
Year Ended December 31, 2017
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
33,175

 
$
—

 
$
33,175

Adjustment for sale of a business with foreign operations
137

 
—

 
137

 
33,312

 
—

 
33,312

Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
112,086

 
(44,834
)
 
67,252

Pension and other postretirement plans:
 
 
 
 
 
Actuarial gain
179,674

 
(48,511
)
 
131,163

Prior service cost
(75
)
 
20

 
(55
)
Amortization of net actuarial gain included in net income
(6,527
)
 
2,612

 
(3,915
)
Amortization of net prior service cost included in net income
477

 
(191
)
 
286

 
173,549

 
(46,070
)
 
127,479

Cash flow hedge:
 
 
 
 
 
Gain for the year
112

 
(19
)
 
93

Other Comprehensive Income
$
319,059

 
$
(90,923
)
 
$
228,136


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 Available-for-Sale Securities
 
Unrealized Gain
on Pensions
and Other
Postretirement
Plans
 
Cash Flow
Hedges
 
Accumulated
Other
Comprehensive
Income
As of December 31, 2017
$
6,314

 
$
194,889

 
$
334,536

 
$
(184
)
 
$
535,555

Reclassification of unrealized gains on available-for-sale securities to retained earnings as a result of adoption of new guidance
—

 
(194,889
)
 
—

 
—

 
(194,889
)
Other comprehensive (loss) income before reclassifications
(35,584
)
 
—

 
(70,629
)
 
579

 
(105,634
)
Net amount reclassified from accumulated other comprehensive income
—

 
—

 
(31,071
)
 
(132
)
 
(31,203
)
Net other comprehensive (loss) income
(35,584
)
 
—

 
(101,700
)
 
447

 
(136,837
)
As of December 31, 2018
(29,270
)
 
—

 
232,836

 
263

 
203,829

Other comprehensive income (loss) before reclassifications
5,371

 
—

 
164,527

 
(906
)
 
168,992

Net amount reclassified from accumulated other comprehensive income
2,011

 
—

 
(71,442
)
 
(95
)
 
(69,526
)
Net other comprehensive income (loss)
7,382

 
—

 
93,085

 
(1,001
)
 
99,466

As of December 31, 2019
$
(21,888
)
 
$
—

 
$
325,921

 
$
(738
)
 
$
303,295


The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows:
 
Year Ended December 31
 
Affected Line Item in the Consolidated Statements of Operations
(in thousands)
2019
 
2018
 
2017
 
Foreign Currency Translation Adjustments:
 
 
 
 
 
 
 
Adjustment for sales of businesses with foreign operations
$
2,011

 
$
—

 
$
137

 
Other income, net
Pension and Other Postretirement Plans:
 
 
 
 
 
 
 
Amortization of net actuarial gain
(2,046
)
 
(11,349
)
 
(6,527
)
 
(1)
Amortization of net prior service (credit) cost
(4,142
)
 
(947
)
 
477

 
(1)
Curtailment and settlement gains
(91,676
)
 
(30,267
)
 
—

 
(1)
 
(97,864
)
 
(42,563
)
 
(6,050
)
 
Before tax
 
26,422

 
11,492

 
2,421

 
Provision for (benefit from) income taxes
 
(71,442
)
 
(31,071
)
 
(3,629
)
 
Net of tax
Cash Flow Hedges
 
 
 
 
 
 
 
 
(146
)
 
(163
)
 
152

 
Interest expense
 
51

 
31

 
(30
)
 
Provision for (benefit from) income taxes
 
(95
)
 
(132
)
 
122

 
Net of tax
Total reclassification for the year
$
(69,526
)
 
$
(31,203
)
 
$
(3,370
)
 
Net of tax
____________
(1)
These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 15) and are included in non-operating pension and postretirement benefit income in the Company’s Consolidated Statements of Operations.