Components of Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss

Components of Accumulated Other Comprehensive Loss

AOCI is included on the Condensed Consolidated Statements of Stockholders' Equity. The components of AOCI, net of the effect of income taxes, and activity for the six months ended June 30, 2021 and 2022 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, 2020	$	(125,392)		$	(5,840)		$	(514,500)		$	(9)	$	(645,741)
OCI before reclassifications	12,150		(a)	(259)		(b)	(5,451)		(a)	25		6,465
Amounts reclassified from AOCI, net of tax	—			1,182			11,495			—		12,677
Total OCI	12,150			923			6,044			25		19,142
Less: OCI attributable to noncontrolling interests	(393)			—			—			—		(393)
OCI attributable to Harsco Corporation	12,543			923			6,044			25		19,535
Balance at June 30, 2021	$	(112,849)		$	(4,917)		$	(508,456)		$	16	$	(626,206)

	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, 2021	$	(134,889)		$	(3,024)		$	(422,248)		$	22	$	(560,139)
OCI before reclassifications	(61,493)		(a)	1,692		(b)	33,697		(a)	(13)		(26,117)
Amounts reclassified from AOCI, net of tax	—			168			8,831			—		8,999
Total OCI	(61,493)			1,860			42,528			(13)		(17,118)
Less: OCI attributable to noncontrolling interests	(3,385)			—			—			—		(3,385)
OCI attributable to Harsco Corporation	(58,108)			1,860			42,528			(13)		(13,733)
Balance at June 30, 2022	$	(192,997)		$	(1,164)		$	(379,720)		$	9	$	(573,872)

(a)    Principally foreign currency fluctuation.

(b)     Net change from periodic revaluations.

Amounts reclassified from AOCI were as follows:

(In thousands)	Three Months Ended				Six Months Ended				Location on the Condensed Consolidated Statements of Operations
	June 30				June 30
	2022		2021		2022		2021
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts	$	(998)	$	3	$	(1,586)	$	(47)	Income (loss) from discontinued operations
Interest rate swaps	1,061		862		2,111		1,727		Interest expense
Total before taxes	63		865		525		1,680
Income taxes	(233)		(253)		(357)		(498)
Total reclassification of cash flow hedging instruments, net of tax	$	(170)	$	612	$	168	$	1,182
Amortization of defined benefit pension items (c):
Actuarial losses	$	4,496	$	6,007	$	9,223	$	11,955	Defined benefit pension income
Prior service costs	113		129		233		256		Defined benefit pension income
Total before taxes	4,609		6,136		9,456		12,211
Income taxes	(312)		(358)		(625)		(716)
Total reclassification of defined benefit pension items, net of tax	$	4,297	$	5,778	$	8,831	$	11,495

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