Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in of accumulated other comprehensive income (loss) attributable to the Company for the three and nine months ended September 30, 2020 and 2019:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Currency Translation Adjustment
Beginning balance	$	(2,325)	$	(976)	$	1,065	$	(11,550)
Other comprehensive income (loss) before reclassifications	2,351		1,600		(1,039)		508
Amounts reclassified from accumulated other comprehensive income (a)	—		—		—		11,666
Other comprehensive income (loss), net of tax	2,351		1,600		(1,039)		12,174
Ending Balance	$	26	$	624	$	26	$	624
Hedging Adjustment
Beginning balance	$	(24,966)	$	(9,700)	$	(9,443)	$	(126)
Other comprehensive income (loss) before reclassifications	(535)		(3,049)		(18,594)		(12,759)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax (b)	2,318		197		4,854		333
Other comprehensive income (loss), net of tax	1,783		(2,852)		(13,740)		(12,426)
Ending Balance	$	(23,183)	$	(12,552)	$	(23,183)	$	(12,552)
Pension and Other Postretirement Adjustment
Beginning balance	$	788	$	4,177	$	889	$	5,031
Other comprehensive income (loss) before reclassifications	52		44		293		(468)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax (c)	(171)		(171)		(513)		(513)
Other comprehensive income (loss), net of tax	(119)		(127)		(220)		(981)
Ending Balance	$	669	$	4,050	$	669	$	4,050
Investments in Convertible Preferred Securities Adjustment
Beginning balance	$	258	$	258	$	258	$	258
Other comprehensive income (loss) before reclassifications	—		—		—		—
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		—
Other comprehensive income (loss), net of tax	—		—		—		—
Ending Balance	$	258	$	258	$	258	$	258
Total AOCI Ending Balance	$	(22,230)	$	(7,620)	$	(22,230)	$	(7,620)

(a) Reflects foreign currency translation adjustments in Other income, net attributable to the consolidation of Thompsons Limited in 2019.

(b) Amounts reclassified from gain (loss) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Interest expense, net. See Note 5 for additional information.

(c) This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost recorded in Operating, administrative and general expenses.