XML 53 R43.htm IDEA: XBRL DOCUMENT v3.22.2
Components of Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
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, 2021 and 2022 was as follows:
Components of AOCI, Net of Tax
(In thousands)Cumulative Foreign Exchange Translation AdjustmentsEffective Portion of Derivatives Designated as Hedging InstrumentsCumulative Unrecognized Actuarial Losses on Pension ObligationsUnrealized Gain (Loss) on Marketable SecuritiesTotal
Balance at December 31, 2020
$(125,392)$(5,840)$(514,500)$(9)$(645,741)
OCI before reclassifications12,150 (a)(259)(b)(5,451)(a)25 6,465 
Amounts reclassified from AOCI, net of tax— 1,182 11,495 — 12,677 
Total OCI12,150 923 6,044 25 19,142 
Less: OCI attributable to noncontrolling interests(393)— — — (393)
OCI attributable to Harsco Corporation12,543 923 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 AdjustmentsEffective Portion of Derivatives Designated as Hedging InstrumentsCumulative Unrecognized Actuarial Losses on Pension ObligationsUnrealized Gain (Loss) on Marketable SecuritiesTotal
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.
Reclassification out of accumulated other comprehensive income
Amounts reclassified from AOCI were as follows:
(In thousands)Three Months EndedSix Months EndedLocation on the Condensed Consolidated Statements of Operations
June 30June 30
2022202120222021
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts $(998)$$(1,586)$(47)Income (loss) from discontinued operations
Interest rate swaps1,061 862 2,111 1,727 Interest expense
Total before taxes63 865 525 1,680 
Income taxes(233)(253)(357)(498)
Total reclassification of cash flow hedging instruments, net of tax$(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 costs113 129 233 256 Defined benefit pension income
Total before taxes4,609 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.