| COMPREHENSIVE INCOME |
COMPREHENSIVE INCOME
Gains and losses deferred in accumulated other comprehensive income (loss) ("AOCI") are reclassified and recognized in the condensed consolidated statements of operations once they are realized. The changes in the components of AOCI, net of tax, for the first three quarters in 2018 and 2017 were as follows: | | | | | | | | | | | | | | | | | (in thousands) | Currency translation gain (loss) | Net unrealized gain (loss) on investments (net of tax)1 | Net unrealized gain (loss) on derivative instruments | Net unrecognized gain (loss) related to benefit plans (net of tax) | Total | Balance at December 31, 2017 | $ | (27,837 | ) | $ | 38 |
| $ | 1,737 |
| $ | 3,633 |
| $ | (22,429 | ) | Impact of ASU 2016-1 on changes in the components of AOCI, net of tax (1) | — |
| (38 | ) | — |
| — |
| (38 | ) | Other comprehensive income (loss) before reclassifications | 3,223 |
| — |
| 1,224 |
| (55 | ) | 4,392 |
| Amounts reclassified from AOCI to net income (loss) | (2,044 | ) | — |
| (1,272 | ) | (384 | ) | (3,700 | ) | Net current-period other comprehensive income (loss) | 1,179 |
| (38 | ) | (48 | ) | (439 | ) | 654 |
| Balance at March 31, 2018 | $ | (26,658 | ) | $ | — |
| $ | 1,689 |
| $ | 3,194 |
| $ | (21,775 | ) | Other comprehensive income (loss) before reclassifications | 8,517 |
| — |
| (513 | ) | 112 |
| 8,116 |
| Amounts reclassified from AOCI to net income (loss) | — |
| — |
| 381 |
| (427 | ) | (46 | ) | Amounts reclassified from AOCI to pension, other accumulated postretirement benefit liabilities and deferred income taxes (2) | — |
| — |
| — |
| (2,831 | ) | (2,831 | ) | Net current-period other comprehensive income (loss) | 8,517 |
| — |
| (132 | ) | (3,146 | ) | 5,239 |
| Balance at June 30, 2018 | $ | (18,141 | ) | $ | — |
| $ | 1,557 |
| $ | 48 |
| $ | (16,536 | ) | Other comprehensive income (loss) before reclassifications | 296 |
| — |
| 150 |
| (11 | ) | 435 |
| Amounts reclassified from AOCI to net income (loss) | 2,595 |
| — |
| (392 | ) | (122 | ) | 2,081 |
| Net current-period other comprehensive income (loss) | 2,891 |
| — |
| (242 | ) | (133 | ) | 2,516 |
| Balance at September 30, 2018 | $ | (15,250 | ) | $ | — |
| $ | 1,315 |
| $ | (85 | ) | $ | (14,020 | ) |
| | | | | | | | | | | | | | | | | (in thousands) | Currency translation gain (loss) | Net unrealized gain (loss) on investments (net of tax) | Net unrealized gain (loss) on derivative instruments | Net unrecognized gain (loss) related to benefit plans (net of tax) | Total | Balance at December 31, 2016 | $ | (43,987 | ) | $ | (37 | ) | $ | 802 |
| $ | 6,740 |
| $ | (36,482 | ) | Other comprehensive income (loss) before reclassifications | 5,417 |
| 61 |
| 4,587 |
| (44 | ) | 10,021 |
| Amounts reclassified from AOCI to net income (loss) | — |
| (27 | ) | (3,843 | ) | (882 | ) | (4,752 | ) | Net current-period other comprehensive income (loss) | 5,417 |
| 34 |
| 744 |
| (926 | ) | 5,269 |
| Balance at March 31, 2017 | $ | (38,570 | ) | $ | (3 | ) | $ | 1,546 |
| $ | 5,814 |
| $ | (31,213 | ) | Other comprehensive income (loss) before reclassifications | 6,757 |
| (19 | ) | (2,204 | ) | (97 | ) | 4,437 |
| Amounts reclassified from AOCI to net income (loss) | — |
| (1 | ) | (658 | ) | (800 | ) | (1,459 | ) | Net current-period other comprehensive income (loss) | 6,757 |
| (20 | ) | (2,862 | ) | (897 | ) | 2,978 |
| Balance at June 30, 2017 | $ | (31,813 | ) | $ | (23 | ) | $ | (1,316 | ) | $ | 4,917 |
| $ | (28,235 | ) | Other comprehensive income (loss) before reclassifications | 2,591 |
| 69 |
| 268 |
| (66 | ) | 2,862 |
| Amounts reclassified from AOCI to net income (loss) | — |
| (4 | ) | 3,567 |
| (630 | ) | 2,933 |
| Net current-period other comprehensive income (loss) | 2,591 |
| 65 |
| 3,835 |
| (696 | ) | 5,795 |
| Balance at September 30, 2017 | $ | (29,222 | ) | $ | 42 |
| $ | 2,519 |
| $ | 4,221 |
| $ | (22,440 | ) |
(1) ASU 2016-1, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, requires investments to be measured at fair value through earnings each reporting period as opposed to changes in fair value being reported in other comprehensive income. The standard is effective as of January 1, 2018 and requires application by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. (2) Includes the reclassification of the unamortized balance of the curtailment gain, net of tax as described in Note 16.
The amounts reclassified out of AOCI by component and the affected condensed consolidated statements of operations line items are as follows (in thousands): | | | | | | | | | | | | | | | | AOCI component | Line items in the Condensed Consolidated Statements of Operations affected by reclassifications from AOCI | Three Months Ended September 30, | | Nine Months Ended September 30, | 2018 | 2017 | | 2018 | 2017 | Release of currency translation gain with the sale of equity method investment | Equity in income and impairment of investees | $ | (2,595 | ) | $ | — |
| | $ | (551 | ) | $ | — |
| | Provision for income taxes | — |
| — |
| | — |
| — |
| | Net loss | $ | (2,595 | ) | $ | — |
| | $ | (551 | ) | $ | — |
| | | | | | | | Derivative financial instruments | Revenues | $ | 508 |
| $ | 2,092 |
| | $ | 1,646 |
| $ | 8,094 |
| | Cost of operations | (6 | ) | 159 |
| | (5 | ) | 113 |
| | Other-net | — |
| (7,930 | ) | | — |
| (7,438 | ) | | Total before tax | 502 |
| (5,679 | ) | | 1,641 |
| 769 |
| | Provision for income taxes | 110 |
| (2,112 | ) | | 358 |
| (165 | ) | | Net income (loss) | $ | 392 |
| $ | (3,567 | ) | | $ | 1,283 |
| $ | 934 |
| | | | | | | | Amortization of prior service cost on benefit obligations | Benefit plans, net | $ | 168 |
| $ | 619 |
| | $ | 979 |
| $ | 2,281 |
| | Provision for income taxes | 46 |
| (11 | ) | | 46 |
| (31 | ) | | Net income | $ | 122 |
| $ | 630 |
| | $ | 933 |
| $ | 2,312 |
| | | | | | | | Realized gain on investments | Other-net | $ | — |
| $ | 6 |
| | $ | — |
| $ | 50 |
| | Provision for income taxes | — |
| 2 |
| | — |
| 18 |
| | Net income | $ | — |
| $ | 4 |
| | $ | — |
| $ | 32 |
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