Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 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) "AOCI" attributable to the Company for the twelve months ended December 31, 2020 and 2019:

	Year ended December 31,
(in thousands)	2020		2019
Currency Translation Adjustment
Beginning balance	$	1,065	$	(11,550)
Other comprehensive income (loss) before reclassifications	5,331		1,352
Amounts reclassified from accumulated other comprehensive income (loss) (a)	—		11,666
Tax effect	(657)		(403)
Other comprehensive income (loss), net of tax	4,674		12,615
Ending Balance	$	5,739	$	1,065
Cash Flow Hedges
Beginning balance	$	(9,443)	$	(126)
Other comprehensive income (loss) before reclassifications	(19,565)		(13,608)
Amounts reclassified from accumulated other comprehensive income (loss) (b)	8,068		1,210
Tax effect	2,834		3,081
Other comprehensive income (loss), net of tax	(8,663)		(9,317)
Ending Balance	$	(18,106)	$	(9,443)
Pension and Other Postretirement Plans
Beginning balance	$	889	$	5,031
Other comprehensive income (loss) before reclassifications	(200)		(4,498)
Amounts reclassified from accumulated other comprehensive income (loss) (c)	(911)		(911)
Tax effect	255		1,267
Other comprehensive income (loss), net of tax	(856)		(4,142)
Ending Balance	$	33	$	889
Investments in Convertible Preferred Securities
Beginning balance	$	258	$	258
Other comprehensive income (loss), net of tax	—		—
Ending Balance	$	258	$	258
Total AOCI Ending Balance	$	(12,076)	$	(7,231)

(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.