Components of Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive loss, net of the effect of income taxes, and activity for the nine months ended September 30, 2016 and 2017 was as follows:



	Components of Accumulated Other Comprehensive Income (Loss) - Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments				Effective Portion of Derivatives Designated as Hedging Instruments				Cumulative Unrecognized Actuarial Losses on Pension Obligations				Unrealized Gain (Loss) on Marketable Securities			Total
Balance at December 31, 2015	$	(125,561	)		$	(400	)		$	(389,696	)		$	(31	)	$	(515,688	)
Other comprehensive income (loss) before reclassifications	(23,744		)	(a)	(2,199		)	(b)	32,067			(a)	11			6,135
Amounts reclassified from accumulated other comprehensive loss, net of tax	—				26				12,168				—			12,194
Realized (gains) losses reclassified from accumulated other comprehensive loss in connection with loss on dilution of equity method investment (See Note 4, Equity Method Investments)	28,641				1,636				(1,534		)		—			28,743
Other comprehensive income (loss) from equity method investee	1,943				(405		)		306				—			1,844
Total other comprehensive income (loss)	6,840				(942		)		43,007				11			48,916
Other comprehensive income (loss) attributable to noncontrolling interests	420				(7		)		—				—			413
Other comprehensive income (loss) attributable to Harsco Corporation	7,260				(949		)		43,007				11			49,329
Balance at September 30, 2016	$	(118,301	)		$	(1,349	)		$	(346,689	)		$	(20	)	$	(466,359	)



	Components of Accumulated Other Comprehensive Income (Loss) - Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments				Effective Portion of Derivatives Designated as Hedging Instruments				Cumulative Unrecognized Actuarial Losses on Pension Obligations				Unrealized Gain (Loss) on Marketable Securities			Total
Balance at December 31, 2016	$	(144,534	)		$	(1,089	)		$	(461,094	)		$	(5	)	$	(606,722	)
Other comprehensive income (loss) before reclassifications	42,391			(a)	1,133			(b)	(31,600		)	(a)	11			11,935
Amounts reclassified from accumulated other comprehensive loss, net of tax	—				338				15,133				—			15,471
Total other comprehensive income (loss)	42,391				1,471				(16,467		)		11			27,406
Other comprehensive income attributable to noncontrolling interests	(2,235		)		—				—				—			(2,235		)
Other comprehensive income (loss) attributable to Harsco Corporation	40,156				1,471				(16,467		)		11			25,171
Balance at September 30, 2017	$	(104,378	)		$	382			$	(477,561	)		$	6		$	(581,551	)


(a)	Principally foreign currency fluctuation.


(b)	Net change from periodic revaluations.

Reclassification out of Accumulated Other Comprehensive Income

Amounts reclassified from accumulated other comprehensive loss are as follows:



(In thousands)	Three Months Ended						Nine Months Ended						Affected Caption in the Condensed Consolidated Statements of Operations
(In thousands)	September 30 2017			September 30 2016			September 30 2017			September 30 2016
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	—		$	—		$	(189	)	$	(408	)	Product revenues
Foreign currency exchange forward contracts	—			—			4			(1		)	Cost of services and products sold
Cross-currency interest rate swaps	252			254			745			478			Interest expense
Total before tax	252			254			560			69
Tax expense	(99		)	(99		)	(222		)	(43		)
Total reclassification of cash flow hedging instruments, net of tax	$	153		$	155		$	338		$	26

Amortization of defined benefit pension items (c):
Actuarial losses	$	2,643		$	2,042		$	8,001		$	6,703		Selling, general and administrative expenses
Actuarial losses	2,915			2,253			8,535			6,696			Cost of services and products sold
Prior-service benefits	(14		)	(5		)	(36		)	(9		)	Selling, general and administrative expenses
Prior-service costs	70			66			199			190			Cost of services and products sold
Settlement/curtailment losses	—			223			—			223			Selling, general and administrative expenses
Total before tax	5,614			4,579			16,699			13,803
Tax benefit	(523		)	(601		)	(1,566		)	(1,635		)
Total reclassification of defined benefit pension items, net of tax	$	5,091		$	3,978		$	15,133		$	12,168

(c) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See Note 7, Employee Benefit Plans, for additional details.

Reclassification from accumulated other comprehensive loss in connection with loss on dilution of equity investment

Amounts reclassified from accumulated other comprehensive loss in connection with loss on dilution of equity method investment are as follows:



(In thousands)	Three Months Ended			Nine Months Ended			Affected Caption in the Condensed Consolidated Statements of Operations
(In thousands)	September 30 2016			September 30 2016
Foreign exchange translation adjustments	$	40,525		$	45,405		Change in fair value to the adjustment liability and loss on dilution of equity method investment
Cash flow hedging instruments	2,425			2,593			Change in fair value to the adjustment liability and loss on dilution of equity method investment
Defined benefit pension obligations	(2,198		)	(2,433		)	Change in fair value to the adjustment liability and loss on dilution of equity method investment
Total before tax	40,752			45,565
Tax benefit (d)	(15,046		)	(16,822		)
Total amounts reclassified from accumulated other comprehensive loss in connection with loss on dilution of equity method investment	$	25,706		$	28,743

(d) For the three months ended September 30, 2016 the tax benefit was not recognized in the condensed consolidated statement of operations since a valuation allowance was established against the resulting deferred tax assets. See Note 11, Income Taxes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 for more information.