STOCKHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Stockholders' Equity and Accumulated Other Comprehensive Income (Loss)

Changes in stockholders' equity for the three-month periods ended March 31, 2021 and 2020 were as follows:


	For the Three Months Ended March 31,
In thousands	2021		2020
Beginning Balance	$	257,696	$	318,420
Comprehensive income (loss)	5,463		(65,601)
Stock repurchased	(201)		(8)
Stock issued under employee plans	642		31
Stock-based compensation expense	950		735





Ending Balance	$	264,550	$	253,577

The components of accumulated other comprehensive income (loss) are shown below:


	For the Three Months Ended March 31,
In thousands	2021		2020
Foreign currency translation:
Beginning balance	$	(3,514)	$	(18,022)
Net gain (loss) on foreign currency translation	(4,048)		(9,957)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	1,034		—
Other comprehensive income (loss), net of tax	(3,014)		(9,957)
Ending balance	(6,528)		(27,979)

Pension and other postretirement benefit plans:
Beginning balance	(5,608)		(3,080)
Amounts reclassified from accumulated other comprehensive income (loss) (2)	365		331
Other comprehensive income (loss), net of tax	365		331
Ending balance	(5,243)		(2,749)

Unrealized loss on derivative instruments:
Beginning balance	(9,220)		(4,877)
Net gain (loss) on derivative instruments (3)	2,400		446
Amounts reclassified from accumulated other comprehensive income (loss) (4)	618		—
Other comprehensive income (loss), net of tax	3,018		446
Ending balance	(6,202)		(4,431)

Total accumulated other comprehensive income (loss)	$	(17,973)	$	(35,159)

(1)For the three-month period ended March 31, 2021, the amount represents the recognition of the accumulated loss on foreign currency translation relating to the divestiture of the German Facility in the Performance Materials segment, net of tax impact of $0.2 million. This is included in (Gain) loss on the sale of a business on the Company’s Condensed Consolidated Statements of Operations.

(2)For the three-month period ended March 31, 2021, the amount primarily represents the recognition of the accumulated loss on the defined pension plan relating to the divestiture of the German Facility in the Performance Materials segment. This amount was $0.4 million, net of tax impact of $0.1 million, and is included in (Gain) loss on the sale of a business on the Company’s Condensed Consolidated Statements of Operations. For the three-month period ended March 31, 2020, the amount primarily represents the settlement of the ISS Pension Plan. This amount was $0.4 million, net of tax impact of $0.1 million. The amounts for the three-month periods ended March 31, 2021 and 2020 also include routine amortization of actuarial gains and losses in net periodic benefit cost of less than $0.1 million, net of tax impact of less than $0.1 million.

(3)Amount represents unrealized gains (losses) on the fair value of hedging activities, net of tax impact of $0.7 million and $0.1 million for the three-month periods ended March 31, 2021 and 2020, respectively.

(4)Amounts represents the impact of de-designation of the interest rate swap agreement, net of tax impact of $0.2 million, for the three-month period ended March 31, 2021.