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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Note 4 – Accumulated Other Comprehensive Loss
The changes in accumulated other comprehensive loss by component for each of the fiscal years in the two-year period ended December 31, 2019 were as follows:
(Dollars and accompanying footnotes in thousands)
Foreign Currency Translation Adjustments
 
Pension and Other Postretirement Benefits(1)
 
Derivative Instrument Designated as Cash Flow Hedge(2)
 
Total
Balance as of December 31, 2017
$
(17,983
)
 
$
(47,198
)
 
$
26

 
$
(65,155
)
Other comprehensive income (loss) before reclassifications
(12,505
)
 
(1,678
)
 
519

 
(13,664
)
Amounts reclassified to earnings
—

 
176

 
(191
)
 
(15
)
Net other comprehensive income (loss) for period
(12,505
)
 
(1,502
)
 
328

 
(13,679
)
Balance as of December 31, 2018
(30,488
)
 
(48,700
)
 
354

 
(78,834
)
Other comprehensive income (loss) before reclassifications
(4,990
)
 
(6,079
)
 
(1,171
)
 
(12,240
)
Amounts reclassified to earnings
—

 
44,324

 
(155
)
 
44,169

Net other comprehensive income (loss) for period
(4,990
)
 
38,245

 
(1,326
)
 
31,929

Balance as of December 31, 2019
$
(35,478
)
 
$
(10,455
)
 
$
(972
)
 
$
(46,905
)
(1) Net of taxes of $2,368, $9,984 and $9,563 for the years ended December 31, 2019, 2018 and 2017, respectively.
(2) Net of taxes of $282, ($106) and ($15) for the years ended December 31, 2019, 2018 and 2017, respectively.
The impacts to the consolidated statements of operations related to items reclassified to earnings were as follows:
 
 
Years Ended December 31,
(Dollars in thousands)
Financial Statement Line Item
2019
 
2018
Amortization/settlement of pension and other postretirement benefits
 
 
 
 
 
Pension settlement charges
$
(53,213
)
 
$
—

 
Other income (expense), net(1)
(504
)
 
(227
)
 
Income tax (expense) benefit
9,393

 
51

 
Net income
$
(44,324
)
 
$
(176
)
Unrealized gains (losses) on derivative instrument(2)
 
 
 
 
 
Other income (expense), net
$
200

 
$
247

 
Income tax (expense) benefit
(45
)
 
(56
)
 
Net income
$
155

 
$
191

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. For additional details, refer to “Note 11 – Pension Benefits, Other Postretirement Benefits and Employee Savings and Investment Plan.”
(2) This relates to the derivative instrument designated as a cash flow hedge and held as of the end of the year for each year presented.