Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

The components of Other comprehensive income (loss) are as follows:


	For the Year Ended December 31, 2020						For the Year Ended December 31, 2019
	Pre-tax		Tax		Net of tax		Pre-tax		Tax		Net of tax
	(In thousands)
Cumulative translation adjustment	$	107,783	$	—	$	107,783	$	67	$	—	$	67



Pension and other postretirement adjustments
Net gain (loss) arising during the year	(1,438)		53		(1,385)		(7,432)		2,497		(4,935)
Amortization/recognition of settlement loss	2,876		(106)		2,770		2,810		(944)		1,866
Pension and other postretirement adjustments	1,438		(53)		1,385		(4,622)		1,553		(3,069)
Reclassification adjustments for derivatives	6,021		(1,369)		4,652		6,327		(1,445)		4,882
Total other comprehensive income (loss)	$	115,242	$	(1,422)	$	113,820	$	1,772	$	108	$	1,880


	For the Year Ended December 31, 2018
	Pre-tax		Tax		Net of tax
	(In thousands)
Cumulative translation adjustment	$	(48,114)	$	—	$	(48,114)



Pension and other postretirement adjustments
Net gain (loss) arising during the year	9,963		(2,375)		7,588
Amortization/recognition of settlement loss	2,938		(701)		2,237
Pension and other postretirement adjustments	12,901		(3,076)		9,825
Reclassification adjustments for derivatives	6,475		(1,469)		5,006
Total other comprehensive income (loss)	$	(28,738)	$	(4,545)	$	(33,283)

Amounts reclassified from accumulated other comprehensive income (loss) to net income are summarized as follows:


	For the Year Ended December 31,
	2020		2019		2018		Income Statement Caption
	(In thousands)





Pension and other postretirement plans:
Amortization of service cost	$	2,909	$	2,858	$	3,246	Other (income) expense - net
Recognition of settlement loss	(33)		(48)		(308)		Other (income) expense - net
Total before tax	2,876		2,810		2,938
Provision for income taxes	(106)		(944)		(701)
Total net of tax	$	2,770	$	1,866	$	2,237
Derivatives:
Reclassification adjustments	$	6,021	$	6,327	$	6,475	Interest expense, Other (income) expense - net
Total before tax	6,021		6,327		6,475
Provision for income taxes	(1,369)		(1,445)		(1,469)
Total net of tax	$	4,652	$	4,882	$	5,006

The Company recognizes the service cost component in both Selling, general and administrative expenses and Cost of sales in the Consolidated Statements of Operations depending on the functional area of the underlying employees included in the plans.