| Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI |
The following tables present changes in AOCL, net of related tax impact:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
|
|
(In thousands) |
|
|
|
Total |
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|
|
|
|
|
|
|
|
Balance, December 2019 |
$ |
(84,118 |
) |
|
$ |
(2,301 |
) |
|
$ |
6,721 |
|
|
$ |
(79,698 |
) |
|
Other comprehensive loss before reclassifications |
(27,210 |
) |
|
— |
|
|
(23,655 |
) |
|
(50,865 |
) |
|
Amounts reclassified from accumulated other comprehensive loss |
— |
|
|
29 |
|
|
(2,928 |
) |
|
(2,899 |
) |
|
Net other comprehensive (loss) income |
(27,210 |
) |
|
29 |
|
|
(26,583 |
) |
|
(53,764 |
) |
|
Balance, March 2020 |
$ |
(111,328 |
) |
|
$ |
(2,272 |
) |
|
$ |
(19,862 |
) |
|
$ |
(133,462 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
|
|
(In thousands) |
|
|
|
Total |
|
Balance, December 2018 |
$ |
(145,182 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(145,182 |
) |
|
Other comprehensive income before reclassifications |
758 |
|
|
— |
|
|
— |
|
|
758 |
|
|
Net other comprehensive income |
758 |
|
|
— |
|
|
— |
|
|
758 |
|
|
Balance, March 2019 |
$ |
(144,424 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(144,424 |
) |
|
The following table presents deferred components of AOCL in equity, net of related taxes:
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|
|
|
|
|
|
|
|
|
|
|
|
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(In thousands) |
|
|
March 2020 |
|
|
December 2019 |
|
March 2019 |
Foreign currency translation |
|
|
$ |
(111,328 |
) |
|
|
$ |
(84,118 |
) |
|
$ |
(144,424 |
) |
Defined benefit pension plans |
|
|
(2,272 |
) |
|
|
(2,301 |
) |
|
— |
|
Derivative financial instruments |
|
|
(19,862 |
) |
|
|
6,721 |
|
|
— |
|
Accumulated other comprehensive loss |
|
|
$ |
(133,462 |
) |
|
|
$ |
(79,698 |
) |
|
$ |
(144,424 |
) |
|
| Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
The following table presents reclassifications out of AOCL:
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|
(In thousands) |
|
|
|
Three Months Ended March |
|
|
|
Details About Accumulated Other Comprehensive Loss Reclassifications |
|
Affected Line Item in the Financial Statements |
|
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|
|
|
|
|
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|
2020 |
|
|
2019 |
|
Amortization of defined benefit pension plans: |
|
|
|
|
|
|
|
Net deferred actuarial losses |
|
Selling, general and administrative expenses |
|
|
$ |
(38 |
) |
|
|
$ |
— |
|
|
Total before tax |
|
|
|
|
(38 |
) |
|
|
— |
|
|
Tax benefit |
|
Income taxes |
|
|
9 |
|
|
|
— |
|
|
Net of tax |
|
|
|
|
(29 |
) |
|
|
— |
|
|
Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
Foreign currency exchange contracts |
|
Net revenues |
|
|
$ |
(358 |
) |
|
|
$ |
— |
|
|
Foreign currency exchange contracts |
|
Cost of goods sold |
|
|
3,741 |
|
|
|
— |
|
|
Foreign currency exchange contracts |
|
Other expense, net |
|
|
(4 |
) |
|
|
— |
|
|
Interest rate swap agreements |
|
Interest expense |
|
|
(231 |
) |
|
|
— |
|
|
Total before tax |
|
|
|
|
3,148 |
|
|
|
— |
|
|
Tax expense |
|
Income taxes |
|
|
(220 |
) |
|
|
— |
|
|
Net of tax |
|
|
|
|
2,928 |
|
|
|
— |
|
|
Total reclassifications for the period, net of tax |
|
|
$ |
2,899 |
|
|
|
$ |
— |
|
|
|