Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component, net of related tax, were as follows:


	Three Months Ended June 30,									Six Months Ended June 30,
	2020			2019			2020			2019
Foreign currency translation adjustment
Balance at beginning of period	$	(182,315)		$	(139,505)		$	(153,933)		$	(141,104)
Other comprehensive income (loss) before reclassifications	6,699		⁽¹⁾	(9,025)		⁽¹⁾	(21,683)		⁽¹⁾	(7,426)		⁽¹⁾
Amounts reclassified from accumulated other comprehensive loss	—			3,824			—			3,824
Balance at end of period	$	(175,616)		$	(144,706)		$	(175,616)		$	(144,706)
Benefit plan liabilities
Balance at beginning of period	$	(97,478)		$	(102,988)		$	(100,160)		$	(104,375)
Other comprehensive income (loss) before reclassifications	(1,405)		⁽²⁾	(3,225)		⁽²⁾	619		⁽²⁾	(2,348)		⁽²⁾
Amounts reclassified from accumulated other comprehensive loss	689		⁽³⁾	278		⁽⁴⁾	1,347		⁽⁵⁾	788		⁽⁶⁾
Balance at end of period	$	(98,194)		$	(105,935)		$	(98,194)		$	(105,935)
Fair value change of derivatives
Balance at beginning of period	$	(9,724)		$	795		$	352		$	(458)
Other comprehensive income (loss) before reclassifications	2,828		⁽⁷⁾	1,438		⁽⁷⁾	(7,156)		⁽⁷⁾	2,928		⁽⁷⁾
Amounts reclassified from accumulated other comprehensive loss	3,410		⁽⁸⁾	(610)		⁽⁸⁾	3,318		⁽⁸⁾	(847)		⁽⁸⁾
Balance at end of period	$	(3,486)		$	1,623		$	(3,486)		$	1,623
Accumulated other comprehensive loss, ending balance	$	(277,296)		$	(249,018)		$	(277,296)		$	(249,018)

(1)Includes other comprehensive income (loss) related to intra-entity foreign currency balances that are of a long-term investment nature of $3,485 and $(848) for the three months ended June 30, 2020 and 2019, respectively, and $(19,218) and $1,966 for the six months ended June 30, 2020 and 2019, respectively.

(2)Net of tax (benefit) expense of $(47) and $(918) for the three months ended June 30, 2020 and 2019, respectively, and $290 and $(907) for the six months ended June 30, 2020 and 2019, respectively. Includes other comprehensive loss of $3,224 for each of the three and six months ended June 30, 2019 related to benefit plan liability remeasurement due to the divestiture of the Company’s AVS product line. See Note 3. “Assets Held for Sale and Divestiture.”

(3)Includes the effect of the amortization of actuarial losses of $915 and amortization of prior service cost of $21, net of tax of $247. See Note 13. “Pension and Postretirement Benefits Other Than Pensions.”

(4)Includes the effect of the amortization of actuarial losses of $970, offset by the amortization of prior service credits of $34, net settlement gain of $65 and curtailment gain of $204, net of tax of $389. The settlement and curtailment relate to the divestiture of the Company’s AVS product line. See Note 3. “Assets Held for Sale and Divestiture.”

(5)Includes the effect of the amortization of actuarial losses of $1,787 and amortization of prior service cost of $42, net of tax of $482. See Note 13. “Pension and Postretirement Benefits Other Than Pensions.”

(6)Includes the effect of the amortization of actuarial losses of $1,743, offset by the amortization of prior service credits of $113, net settlement gain of $65 and curtailment gain of $204, net of tax of $573. The settlement and curtailment relate to the divestiture of the Company’s AVS product line. See Note 3. “Assets Held for Sale and Divestiture.”

(7)Net of tax expense (benefit) of $544 and $429 for the three months ended June 30, 2020 and 2019, respectively, and $(2,343) and $882 for the six months ended June 30, 2020 and 2019, respectively. See Note 11. “Fair Value Measurements and Financial Instruments.”

(8)Net of tax (benefit) expense of $(1,256) and $217 for the three months ended June 30, 2020 and 2019, respectively, and $(1,233) and $305 for the six months ended June 30, 2020 and 2019, respectively. See Note 11. “Fair Value Measurements and Financial Instruments.”