Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2020

Accumulated balances related to each component of accumulated other comprehensive income (loss)

The changes in accumulated other comprehensive loss by component for each of the fiscal years in the two-year period ended December 31, 2020 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, 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)
Other comprehensive income (loss) before reclassifications	24,907		1,255		(1,504)		24,658
Amounts reclassified to earnings	—		196		2,476		2,672
Net other comprehensive income (loss) for period	24,907		1,451		972		27,330
Balance as of December 31, 2020	$	(10,571)	$	(9,004)	$	—	$	(19,575)

(1) Net of taxes of $1,951, $2,368 and $9,984 for the years ended December 31, 2020, 2019 and 2018, respectively.

(2) Net of taxes of $0, $282 and ($106) for the years ended December 31, 2020, 2019 and 2018, respectively.

Reclassification out of accumulated other comprehensive income (loss)

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	2020		2019
Amortization/settlement of pension and other postretirement benefits
	Pension settlement charges	$	63	$	(53,213)
	Other income (expense), net(1)	(315)		(504)
	Income tax (expense) benefit	56		9,393
	Net income	$	(196)	$	(44,324)
Unrealized gains (losses) on derivative instrument(2)
	Other income (expense), net	$	(3,191)	$	200
	Income tax (expense) benefit	715		(45)
	Net income	$	(2,476)	$	155

(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.