Comprehensive Income (Loss) and Accumulated Other Comprehensive Income

Changes in AOCI for the three and nine months ended December 31, 2018 and 2017 include the following components (amounts in thousands):



	Foreign Currency Translation ⁽¹⁾⁽²⁾			Post-Retirement Benefit Plan Adjustments			Defined Benefit Pension Plans, Net of Tax⁽³⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss)		Foreign Exchange Contracts			Excluded Component of Fair Value Hedges			Net Accumulated Other Comprehensive Income (Loss) ⁽²⁾
Balance at September 30, 2018	$	(17,637	)	$	801		$	(14,544	)	$	268	$	1,904		$	—		$	(29,208	)
Other comprehensive income (loss) before reclassifications ⁽⁴⁾	(3,543		)	—			—			8		(2,435		)	(3,407		)	(9,377		)
Amounts reclassified out of AOCI	(1,609		)	(38		)	139			—		(170		)	1,572			(106		)
Other comprehensive income (loss)	(5,152		)	(38		)	139			8		(2,605		)	(1,835		)	(9,483		)
Balance at December 31, 2018	$	(22,789	)	$	763		$	(14,405	)	$	276	$	(701	)	$	(1,835	)	$	(38,691	)



	Foreign Currency Translation ⁽¹⁾⁽²⁾			Post-Retirement Benefit Plan Adjustments			Defined Benefit Pension Plans, Net of Tax⁽³⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss)			Foreign Exchange Contracts			Excluded Component of Fair Value Hedges		Net Accumulated Other Comprehensive Income (Loss) ⁽²⁾
Balance at September 30, 2017 ⁽⁵⁾	$	(11,591	)	$	1,040		$	(15,151	)	$	274		$	1,430		$	—	$	(23,998	)
Other comprehensive income (loss) before reclassifications	6,516			—			—			(5		)	(7,130		)	—		(619		)
Amounts reclassified out of AOCI	—			(47		)	147			—			1,800			—		1,900
Other comprehensive income (loss)	6,516			(47		)	147			(5		)	(5,330		)	—		1,281
Balance at December 31, 2017	$	(5,075	)	$	993		$	(15,004	)	$	269		$	(3,900	)	$	—	$	(22,717	)



	Foreign Currency Translation ⁽¹⁾⁽²⁾			Post-Retirement Benefit Plan Adjustments			Defined Benefit Pension Plans, Net of Tax⁽³⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss)			Foreign Exchange Contracts			Excluded Component of Fair Value Hedges			Net Accumulated Other Comprehensive Income (Loss) ⁽²⁾
Balance at March 31, 2018	$	9,715		$	879		$	(14,831	)	$	285		$	1,154		$	—		$	(2,798	)
Other comprehensive income (loss) before reclassifications ⁽⁴⁾	(30,895		)	—			—			(9		)	(2,130		)	(3,407		)	(36,441		)
Amounts reclassified out of AOCI	(1,609		)	(116		)	426			—			275			1,572			548
Other comprehensive income (loss)	(32,504		)	(116		)	426			(9		)	(1,855		)	(1,835		)	(35,893		)
Balance at December 31, 2018	$	(22,789	)	$	763		$	(14,405	)	$	276		$	(701	)	$	(1,835	)	$	(38,691	)



	Foreign Currency Translation ⁽¹⁾⁽²⁾			Post-Retirement Benefit Plan Adjustments			Defined Benefit Pension Plans, Net of Tax⁽³⁾			Ownership Share of Equity Method Investees’ Other Comprehensive Income (Loss)			Foreign Exchange Contracts			Excluded Component of Fair Value Hedges		Net Accumulated Other Comprehensive Income (Loss) ⁽²⁾
Balance at March 31, 2017	$	(25,556	)	$	1,134		$	(14,998	)	$	(5,299	)	$	2,907		$	—	$	(41,812	)
Other comprehensive income (loss) before reclassifications	20,481			—			—			5,568			(9,711		)	—		16,338
Amounts reclassified out of AOCI	—			(141		)	(6		)	—			2,904			—		2,757
Other comprehensive income (loss)	20,481			(141		)	(6		)	5,568			(6,807		)	—		19,095
Balance at December 31, 2017	$	(5,075	)	$	993		$	(15,004	)	$	269		$	(3,900	)	$	—	$	(22,717	)

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⁽¹⁾ Due primarily to the Company’s valuation allowance on deferred tax assets, there were no significant deferred tax effects associated with the cumulative currency translation gains and losses during the three and nine months ended December 31, 2018 and 2017.

⁽²⁾ September 30, 2017, December 31, 2017 and March 31, 2018 were adjusted due to the adoption of ASC 606.

⁽³⁾ Ending balance is net of tax of $2.2 million as of December 31, 2018 and 2017, respectively.

⁽⁴⁾ Foreign currency translation for both the three and nine months ended December 31, 2018 includes losses of $3.6 million related to a derivative instrument accounted for as a net investment hedge. Refer to Note 13, Derivatives, for further information.

⁽⁵⁾ Foreign currency translation opening balance adjusted due to fair value adjustments recorded retroactively during the third quarter of fiscal year 2018 related to the TOKIN acquisition.