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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Summary of 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
Summary of Changes in Accumulated Other Comprehensive Income (Loss)
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
Summary of Amounts and Line Items of Reclassifications out of Accumulated Other Comprehensive Income (Loss)
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.