|
Note 12. Comprehensive Income
The components of other comprehensive income and income tax expense allocated to each component for the three months ended March 31, 2020 and 2019 were as follows:
|
|
Three Months Ended March 31, 2020 |
|
|
|
|
Before Tax Amount |
|
|
Income Tax Expense |
|
|
Net of Tax Amount |
|
|
|
Translation adjustments |
$ |
(2.8 |
) |
|
$ |
— |
|
|
$ |
(2.8 |
) |
|
|
Adjustment for net periodic pension plan and other postretirement benefits plan |
|
0.8 |
|
|
|
0.2 |
|
|
|
0.6 |
|
|
|
Other comprehensive loss |
$ |
(2.0 |
) |
|
$ |
0.2 |
|
|
$ |
(2.2 |
) |
|
|
|
Three Months Ended March 31, 2019 |
|
|
|
Before Tax Amount |
|
|
Income Tax Expense |
|
|
Net of Tax Amount |
|
|
Translation adjustments |
$ |
2.2 |
|
|
$ |
— |
|
|
$ |
2.2 |
|
|
Adjustment for net periodic pension plan and other postretirement benefits plan |
|
0.6 |
|
|
|
0.2 |
|
|
|
0.4 |
|
|
Other comprehensive income |
$ |
2.8 |
|
|
$ |
0.2 |
|
|
$ |
2.6 |
|
Accumulated other comprehensive loss by component as of December 31, 2019 and March 31, 2020 were as follows:
|
|
Pension and Other Postretirement Benefits Plan Cost |
|
|
Translation Adjustments |
|
|
Total |
|
|
Balance at December 31, 2019 |
$ |
(70.9 |
) |
|
$ |
(13.7 |
) |
|
$ |
(84.6 |
) |
|
Other comprehensive income before reclassifications |
|
— |
|
|
|
(2.8 |
) |
|
|
(2.8 |
) |
|
Amounts reclassified from accumulated other comprehensive loss |
|
0.6 |
|
|
|
— |
|
|
|
0.6 |
|
|
Net change in accumulated other comprehensive loss |
|
0.6 |
|
|
|
(2.8 |
) |
|
|
(2.2 |
) |
|
Balance at March 31, 2020 |
$ |
(70.3 |
) |
|
$ |
(16.5 |
) |
|
$ |
(86.8 |
) |
Accumulated other comprehensive loss by component as of December 31, 2018 and March 31, 2019 were as follows:
|
|
Pension and Other Postretirement Benefits Plan Cost |
|
|
Translation Adjustments |
|
|
Total |
|
|
Balance at December 31, 2018 |
$ |
(66.0 |
) |
|
$ |
(16.7 |
) |
|
$ |
(82.7 |
) |
|
Other comprehensive income before reclassifications |
|
0.1 |
|
|
|
2.2 |
|
|
|
2.3 |
|
|
Amounts reclassified from accumulated other comprehensive loss |
|
0.3 |
|
|
|
— |
|
|
|
0.3 |
|
|
Net change in accumulated other comprehensive loss |
|
0.4 |
|
|
|
2.2 |
|
|
|
2.6 |
|
|
Balance at March 31, 2019 |
$ |
(65.6 |
) |
|
$ |
(14.5 |
) |
|
$ |
(80.1 |
) |
Reclassifications from accumulated other comprehensive loss for the three months ended March 31, 2020 and 2019 were as follows:
|
|
Three Months Ended March 31, |
|
Classification in the Condensed Consolidated Statements of Operations |
|
|
2020 |
|
|
2019 |
|
|
|
Amortization of pension and other postretirement benefits plan cost: |
|
|
|
|
|
|
|
|
|
Net actuarial loss |
$ |
0.8 |
|
|
$ |
0.4 |
|
(a) |
|
Reclassifications before tax |
|
0.8 |
|
|
|
0.4 |
|
|
|
Income tax expense |
|
0.2 |
|
|
|
0.1 |
|
|
|
Reclassifications, net of tax |
$ |
0.6 |
|
|
$ |
0.3 |
|
|
_____________
|
(a) |
These accumulated other comprehensive loss components are included in the calculation of net periodic pension and other postretirement benefits plan income recognized in investment and other income, net in the Unaudited Condensed Consolidated Statements of Operations (see Note 6, Retirement Plans). |
|