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COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in the components of AOCI, net of tax, for the first two quarters of 2019 and 2018 were as follows:
(in thousands)
Currency translation (loss) gain
Net unrealized gain (loss) on derivative instruments (1)
Net unrecognized loss related to benefit plans (net of tax)
Total
Balance at December 31, 2018
$
(10,834
)
$
1,362

$
(1,960
)
$
(11,432
)
Other comprehensive income (loss) before reclassifications
10,260

(1,178
)
—

9,082

Reclassified from AOCI to net income (loss)
—

224

(356
)
(132
)
Net other comprehensive income (loss)
10,260

(954
)
(356
)
8,950

Balance at March 31, 2019
$
(574
)
$
408

$
(2,316
)
$
(2,482
)
Other comprehensive loss before reclassifications
(7,979
)
(189
)
—

(8,168
)
Reclassified from AOCI to net income (loss)
3,176

(22
)
(514
)
2,640

Net other comprehensive (loss) income
(4,803
)
(211
)
(514
)
(5,528
)
Balance at June 30, 2019
$
(5,377
)
$
197

$
(2,830
)
$
(8,010
)
(1) The remaining unrealized FX gain is expected to be recognized over time as the related projects are completed.

(in thousands)
Currency translation (loss) gain
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, 2017
$
(27,837
)
$
38

$
1,737

$
3,633

$
(22,429
)
ASU 2016-1 cumulative adjustment(1) 
—

(38
)
—

—

(38
)
Other comprehensive income (loss) before reclassifications
3,223

—

1,224

(55
)
4,392

Reclassified from AOCI to net (loss) income
(2,044
)
—

(1,272
)
(384
)
(3,700
)
Net 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

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
—

—

—

(2,831
)
(2,831
)
Net other comprehensive income (loss)
8,517

—

(132
)
(3,146
)
5,239

Balance at June 30, 2018
$
(18,141
)
$
—

$
1,557

$
48

$
(16,536
)
(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 (loss). The standard was 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.
Reclassification out of Accumulated Other Comprehensive Income
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 June 30,
Six months ended June 30,
2019
2018
2019
2018
Release of currency translation gain with the sale of equity method investment and the sale of business
Equity in income and impairment of investees
$
—

$
—

$
—

$
2,044

 
Loss on sale of business
(3,176
)
—

(3,176
)
—

 
Net (loss) income
$
(3,176
)
$
—

$
(3,176
)
$
2,044

 
 
 
 
 
 
Derivative financial instruments
Revenues
$
—

$
(478
)
$
—

$
1,138

 
Cost of operations
—

(11
)
—

1

 
Other
22

—

(202
)
—

 
Total before tax
22

(489
)
(202
)
1,139

 
(Benefit) provision for income taxes
—

(108
)
—

248

 
Net income (loss)
$
22

$
(381
)
$
(202
)
$
891

 
 
 
 
 
 
Amortization of prior service cost on benefit obligations
Benefit plans, net
$
514

$
427

$
870

$
811

 
Net income
$
514

$
427

$
870

$
811