Changes in Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) 

The following table presents the changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2020 and 2019 (in thousands):

	Accumulated Other Comprehensive Income (Loss) for the nine months ended September 30, 2020								Accumulated Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2019
	Changes related to cash flow derivative hedges		Changes in defined benefit plans		Foreign currency translation adjustments		Accumulated other comprehensive loss		Changes related to cash flow derivative hedges		Changes in defined benefit plans		Foreign currency translation adjustments		Accumulated other comprehensive loss
Accumulated comprehensive loss at beginning of the year	$	(688,529)	$	(45,558)	$	(63,626)	$	(797,713)	$	(537,216)	$	(26,023)	$	(64,495)	$	(627,734)
Other comprehensive income (loss) before reclassifications	(172,323)		(18,503)		(13,346)		(204,172)		(271,726)		(23,408)		(7,683)		(302,817)
Amounts reclassified from accumulated other comprehensive loss	62,184		1,550		69,044		132,778		(16,389)		577		—		(15,812)
Net current-period other comprehensive income (loss)	(110,139)		(16,953)		55,698		(71,394)		(288,115)		(22,831)		(7,683)		(318,629)
Ending balance	$	(798,668)	$	(62,511)	$	(7,928)	$	(869,107)	$	(825,331)	$	(48,854)	$	(72,178)	$	(946,363)

The following table presents reclassifications out of accumulated other comprehensive income (loss) for the quarters and nine months ended September 30, 2020 and 2019 (in thousands):

	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
Details About Accumulated Other Comprehensive Income (Loss) Components	Quarter Ended September 30, 2020		Quarter Ended September 30, 2019		Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019		Affected Line Item in Statements of Comprehensive Income (Loss)
Gain (loss) on cash flow derivative hedges:
Interest rate swaps	$	(6,532)	$	(373)	$	(15,939)	$	(1,173)	Interest expense, net of interest capitalized
Foreign currency forward contracts	(3,782)		(3,592)		(10,899)		(10,471)		Depreciation and amortization expenses
Foreign currency forward contracts	(1,511)		(1,251)		(5,855)		(3,866)		Other income (expense)
Fuel swaps	536		(472)		3,029		(1,916)		Other income (expense)
Fuel swaps	(5,598)		2,435		(32,520)		33,815		Fuel
	(16,887)		(3,253)		(62,184)		16,389
Amortization of defined benefit plans:
Actuarial loss	(517)		(194)		(1,550)		(577)		Payroll and related
	(517)		(194)		(1,550)		(577)
Release of net foreign cumulative translation due to sale or liquidation of businesses:
Foreign cumulative translation	(34,697)		—		(69,044)		—		Other expense
Total reclassifications for the period	$	(52,101)	$	(3,447)	$	(132,778)	$	15,812

During the quarter and nine months ended September 30, 2020, a $69.0 million net loss was recorded within Other expense in our consolidated statements of comprehensive (loss) income. The amount was recognized in earnings in connection with the Pullmantur reorganization, as we no longer have significant involvement in the Pullmantur operations and these amounts were previously deferred in Accumulated other comprehensive loss. The net loss consisted of a $92.6 million loss resulting from the recognition of a currency translation adjustment, partially offset by the recognition of a deferred $23.6 million foreign exchange gain related to the Pullmantur net investment hedge. Of the $69.0 million loss, $34.3 million and $34.7 million was released from Accumulated other comprehensive loss during the quarters ended June 30, 2020 and September 30, 2020, respectively.