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COMPREHENSIVE INCOME
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME

Gains and losses deferred in accumulated other comprehensive income (loss) ("AOCI") are generally 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 two quarters of 2020 and 2019 were as follows:
(in thousands)
Currency translation
(loss) gain
Net unrecognized loss related to benefit plans
(net of tax)
Total
Balance at December 31, 2019
$
5,743

$
(3,817
)
$
1,926

Other comprehensive income (loss) before reclassifications
2,380


2,380

Reclassified from AOCI to net income (loss)

(246
)
(246
)
Net other comprehensive income (loss)
2,380

(246
)
2,134

Balance at March 31, 2020
$
8,123

$
(4,063
)
$
4,060

Other comprehensive income (loss) before reclassifications
(4,095
)

(4,095
)
Reclassified from AOCI to net income (loss)

(246
)
(246
)
Net other comprehensive income (loss)
(4,095
)
(246
)
(4,341
)
Balance at June 30, 2020
$
4,028

$
(4,309
)
$
(281
)
Other comprehensive income (loss) before reclassifications
(22,916
)

(22,916
)
Reclassified from AOCI to net income (loss)

(246
)
(246
)
Net other comprehensive income (loss)
(22,916
)
(246
)
(23,162
)
Balance at September 30, 2020
$
(18,888
)
$
(4,555
)
$
(23,443
)

(in thousands)
Currency translation
(loss) gain
Net unrealized gain (loss)
on derivative instruments
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
)
Other comprehensive loss before reclassifications
21,433

$

$

21,433

Reclassified from AOCI to net income (loss)

$

$
(515
)
(515
)
Amounts reclassified from AOCI to advanced billings on contracts

(197
)

(197
)
Net other comprehensive (loss) income
21,433

(197
)
(515
)
20,721

Balance at September 30, 2019
$
16,056

$

$
(3,345
)
$
12,711



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,
2020
2019
2020
2019
Release of currency translation gain with the sale of equity method investment and the sale of business
Loss on sale of business
$

$

$

$
(3,176
)
Derivative financial instruments
Other – net



(202
)
 
Net loss
$

$

$

$
(3,378
)
 
 
 
 
 
 
Amortization of prior service cost on benefit obligations
Benefit plans, net
246

515

738

1,385

 
Net income
$
246

$
515

$
738

$
1,385