Components of Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of accumulated other comprehensive loss

The components of AOCI, net of the effect of income taxes, and activity for the six months ended June 30, 2019 and 2020 was as follows:


	Components of AOCI - 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, 2018	$	(159,810)		$	1,389		$	(408,655)		$	(31)	$	(567,107)
Adoption of new accounting standard	—			—			(21,429)		(a)	—		(21,429)
Other comprehensive income (loss) before reclassifications	2,775		(b)	(5,893)		(c)	2,192		(b)	25		(901)
Amounts reclassified from AOCI, net of tax	(2,271)			1,722			9,579			—		9,030



Total other comprehensive income (loss)	504			(4,171)			11,771			25		8,129
Other comprehensive income attributable to noncontrolling interests	178			—			—			—		178
Other comprehensive income (loss) attributable to Harsco Corporation	682			(4,171)			11,771			25		8,307
Balance at June 30, 2019	$	(159,128)		$	(2,782)		$	(418,313)		$	(6)	$	(580,229)


	Components of AOCI - 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, 2019	$	(143,340)		$	(3,717)		$	(440,562)		$	(3)	$	(587,622)

Other comprehensive income (loss) before reclassifications	(65,677)		(b)	(1,146)		(c)	23,810		(b)	(31)		(43,044)
Amounts reclassified from AOCI, net of tax	12,906			(213)			13,380			—		26,073



Total other comprehensive income (loss)	(52,771)			(1,359)			37,190			(31)		(16,971)
Other comprehensive income attributable to noncontrolling interests	975			—			—			—		975
Other comprehensive income (loss) attributable to Harsco Corporation	(51,796)			(1,359)			37,190			(31)		(15,996)
Balance at June 30, 2020	$	(195,136)		$	(5,076)		$	(403,372)		$	(34)	$	(603,618)

(a) Represents the adoption of the new accounting standard on January 1, 2019 related to stranded tax effects from the Tax Cuts and Jobs Act.

(b) Principally foreign currency fluctuation.

Reclassification out of accumulated other comprehensive income

Amounts reclassified from AOCI are as follows:


(In thousands)	Three Months Ended									Six Months Ended				Affected Caption on the Company's Condensed Consolidated Statements of Operations
			June 30 2020			June 30 2019			June 30 2020			June 30 2019
Recognition of cumulative foreign currency translation adjustments:
Gain on substantial liquidation of subsidiaries (d)	$	—		$	—		$	—		$	(2,271)		Other expenses, net
Loss on substantial liquidation of subsidiaries (d)	—			—			12,906			—			Gain on sale of discontinued business
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	(332)		$	(433)		$	(1,736)		$	(465)		Product revenues
Foreign currency exchange forward contracts	—			44			—			44			Cost of services sold

Cross-currency interest rate swaps	295			303			600			617			Interest expense
Interest rate swaps	732			(271)			1,110			(572)			Interest expense
Interest rate swaps	—			2,741			—			2,741			Income from discontinued businesses
Total before tax	695			2,384			(26)			2,365
Income taxes	(263)			(599)			(187)			(643)
Total reclassification of cash flow hedging instruments, net of tax	$	432		$	1,785		$	(213)		$	1,722

Amortization of defined benefit pension items (e):
Recognized losses	$	4,757		$	4,982		$	9,837		$	10,040		Defined benefit pension income (expense)
Recognized prior-service costs	106			65			213			131			Defined benefit pension income (expense)

Settlement/curtailment losses	—			129			—			129			Defined benefit pension income (expense)
Pension liability transfer - discontinued business	—			—			5,363			—			Gain on sale of discontinued business
Total before tax	4,863			5,176			15,413			10,300
Income taxes	(323)			(379)			(2,033)			(721)
Total reclassification of defined benefit pension items, net of tax	$	4,540		$	4,797		$	13,380		$	9,579

(d) No tax impact.

(e) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.