XML 26 R47.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Components of Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of accumulated other comprehensive loss The components of Accumulated other comprehensive loss, net of the effect of income taxes, and activity for the years ended December 31, 2019 and 2018 are 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 Loss on Marketable Securities
 
Total
Balance at December 31, 2017
 
$
(111,567
)
 
$
808

 
$
(435,840
)
 
$
17

 
$
(546,582
)
Adoption of new accounting standard
 
—

 
(1,520
)
 
—

 
—

 
(1,520
)
Balance at January 1, 2018
 
(111,567
)
 
(712
)
 
(435,840
)
 
17

 
(548,102
)
Other comprehensive income (loss) before reclassifications
 
(50,743
)
(a)
2,466

(b)
8,450

(c)
(48
)
 
(39,875
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
 
—

 
(365
)
 
18,735

 
—

 
18,370

Total other comprehensive income (loss)
 
(50,743
)
 
2,101

 
27,185

 
(48
)
 
(21,505
)
Less: Other comprehensive loss attributable to noncontrolling interests
 
2,500

 
—

 
—

 
—

 
2,500

Other comprehensive income (loss) attributable to Harsco Corporation
 
(48,243
)
 
2,101

 
27,185

 
(48
)
 
(19,005
)
Balance at December 31, 2018
 
$
(159,810
)
 
$
1,389

 
$
(408,655
)
 
$
(31
)
 
$
(567,107
)
 
 
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 Loss on Marketable Securities
 
Total
Balance at December 31, 2018
 
$
(159,810
)
 
$
1,389

 
$
(408,655
)
 
$
(31
)
 
$
(567,107
)
Adoption of new accounting standard (c)
 
—

 
—

 
(21,429
)
 
—

 
(21,429
)
Balance at January 1, 2019
 
(159,810
)
 
1,389

 
(430,084
)
 
(31
)
 
(588,536
)
Other comprehensive income (loss) before reclassifications
 
17,261

(a)
(7,050
)
(b)
(32,274
)
(c)
28

 
(22,035
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
 
(1,763
)
 
1,944

 
21,796

 
—

 
21,977

Total other comprehensive income (loss)
 
15,498

 
(5,106
)
 
(10,478
)
 
28

 
(58
)
Less: Other comprehensive loss attributable to noncontrolling interests
 
972

 
—

 
—

 
—

 
972

Other comprehensive income (loss) attributable to Harsco Corporation
 
16,470

 
(5,106
)
 
(10,478
)
 
28

 
914

Balance at December 31, 2019
 
$
(143,340
)
 
$
(3,717
)
 
$
(440,562
)
 
$
(3
)
 
$
(587,622
)
(a)
Principally foreign currency fluctuation.
(b)
Principally net change from periodic revaluations.
(c)
Principally changes due to annual actuarial remeasurements and foreign currency translation.
Amounts reclassified out of accumulated other comprehensive loss
Amounts reclassified from accumulated other comprehensive loss for 2019 and 2018 are as follows:
 
 
Year Ended December 31 2019
 
Year Ended December 31 2018
 
Affected Caption on the Consolidated Statements of Operations
(In thousands)
 
Amortization of defined benefit pension items (d):
Actuarial losses
 
$
19,806

 
$
20,014

 
Defined benefit pension income (expense)
Prior-service costs
 
326

 
(139
)
 
Defined benefit pension income (expense)
Pension asset transfer - discontinued businesses
 
3,200

 
—

 
Gain on sale of discontinued businesses
Settlement/curtailment losses
 
19

 
249

 
Defined benefit pension income (expense)
Total before tax
 
23,351

 
20,124

 
 
Tax benefit
 
(1,555
)
 
(1,389
)
 
 
Total reclassification of defined benefit pension items, net of tax
 
$
21,796

 
$
18,735

 
 
Recognition of cumulative foreign currency translation adjustments:
Gain on substantial liquidation of subsidiaries (e)
 
$
(2,425
)
 
$
—

 
Other (income) expenses, net
Loss on substantial liquidation of subsidiaries (e)
 
662

 
—

 
Gain on sale of discontinued business
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts
 
$
(550
)
 
$
(374
)
 
Product revenues
Foreign currency exchange forward contracts
 
44

 
—

 
Cost of services and products sold
Cross-currency interest rate swaps
 
1,219

 
1,264

 
Interest expense
Interest rate swaps
 
(520
)
 
(1,108
)
 
Interest expense
Interest rate swaps
 
2,741

 
—

 
Income from discontinued businesses
Total before tax
 
2,934

 
(218
)
 
 
Tax benefit
 
(990
)
 
(147
)
 
 
Total reclassification of cash flow hedging instruments
 
$
1,944

 
$
(365
)
 
 

(d)
These accumulated other comprehensive loss components are included in the computation of NPPC. See Note 9, Employee Benefit Plans, for additional information.
(e)
No tax impact.