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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income Loss [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 16. Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (“AOCI”) by component are as follows:

(in thousands)

 

Cumulative

Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

Balance at December 31, 2018

 

$

(36,332

)

 

$

(11,643

)

 

$

(47,975

)

Other comprehensive income (loss) before reclassifications

 

 

12,533

 

 

 

(10

)

 

 

12,523

 

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

(247

)

 

 

(247

)

Net other comprehensive income (loss)

 

 

12,533

 

 

 

(257

)

 

 

12,276

 

Balance at December 31, 2019

 

$

(23,799

)

 

$

(11,900

)

 

$

(35,699

)

Other comprehensive income (loss) before reclassifications

 

 

7,113

 

 

 

(27

)

 

 

7,086

 

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

(2,028

)

 

 

(2,028

)

Net other comprehensive income (loss)

 

 

7,113

 

 

 

(2,055

)

 

 

5,058

 

Balance at December 31, 2020

 

$

(16,686

)

 

$

(13,955

)

 

$

(30,641

)

 

Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. These costs are recorded as components of net periodic cost for each period presented. Refer to Note 18 – Pension and Postretirement Benefits for additional information.