Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in AOCI |
The following table presents changes in AOCL and related tax impact:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Foreign Currency Translation |
|
Defined Benefit Pension Plans |
|
Derivative Financial Instruments |
|
Total |
|
Balance, December 2016 |
$ |
(148,088 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(148,088 |
) |
|
Other comprehensive income (loss) |
26,682 |
|
|
— |
|
|
— |
|
|
26,682 |
|
|
Tax benefit (expense) |
(1,076 |
) |
|
— |
|
|
— |
|
|
(1,076 |
) |
|
Net other comprehensive income (loss) |
25,606 |
|
|
— |
|
|
— |
|
|
25,606 |
|
|
Balance, December 2017 |
$ |
(122,482 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(122,482 |
) |
|
Other comprehensive income (loss) |
(22,700 |
) |
|
— |
|
|
— |
|
|
(22,700 |
) |
|
Net other comprehensive income (loss) |
(22,700 |
) |
|
— |
|
|
— |
|
|
(22,700 |
) |
|
Balance, December 2018 |
(145,182 |
) |
|
— |
|
|
— |
|
|
(145,182 |
) |
|
Other comprehensive income (loss) before reclassifications |
3,167 |
|
|
(2,010 |
) |
|
1,729 |
|
|
2,886 |
|
|
Amounts reclassified from accumulated other comprehensive income (loss) |
— |
|
|
— |
|
|
(7,380 |
) |
|
(7,380 |
) |
|
Net other comprehensive income (loss) |
3,167 |
|
|
(2,010 |
) |
|
(5,651 |
) |
|
(4,494 |
) |
|
Amounts transferred from former parent |
57,897 |
|
|
(1,058 |
) |
|
11,645 |
|
|
68,484 |
|
|
Tax benefit (expense) |
— |
|
|
767 |
|
|
727 |
|
|
1,494 |
|
|
Balance, December 2019 |
$ |
(84,118 |
) |
|
$ |
(2,301 |
) |
|
$ |
6,721 |
|
|
$ |
(79,698 |
) |
|
The following table presents deferred components of AOCL in equity, net of related taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
December 2019 |
|
|
December 2018 |
|
December 2017 |
Foreign currency translation |
|
$ |
(84,118 |
) |
|
|
$ |
(145,182 |
) |
|
$ |
(122,482 |
) |
Defined benefit pension plans |
|
(2,301 |
) |
|
|
— |
|
|
— |
|
Derivative financial instruments |
|
6,721 |
|
|
|
— |
|
|
— |
|
Accumulated other comprehensive loss |
|
$ |
(79,698 |
) |
|
|
$ |
(145,182 |
) |
|
$ |
(122,482 |
) |
|
Reclassifications Out of Accumulated OCI |
The following table presents reclassifications out of AOCL:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
Year Ended December |
|
|
|
|
|
|
|
|
|
|
Details About Accumulated Other Comprehensive Loss Reclassifications |
Affected Line Item in the Financial Statements |
|
|
2019 |
|
|
2018 |
|
2017 |
Gains (losses) on derivative financial instruments: |
|
|
|
|
|
|
|
|
|
Foreign currency exchange contracts |
Net revenues |
|
|
$ |
(844 |
) |
|
|
$ |
— |
|
|
$ |
— |
|
Foreign currency exchange contracts |
Cost of goods sold |
|
|
6,745 |
|
|
|
— |
|
|
— |
|
Foreign currency exchange contracts |
Other expense, net |
|
|
343 |
|
|
|
— |
|
|
— |
|
Interest rate swap agreements |
Interest expense |
|
|
1,136 |
|
|
|
— |
|
|
— |
|
Total before tax |
|
|
|
7,380 |
|
|
|
— |
|
|
— |
|
Tax benefit (expense) |
Income taxes |
|
|
(706 |
) |
|
|
— |
|
|
— |
|
Total reclassifications for the period, net of tax |
|
|
|
$ |
6,674 |
|
|
|
$ |
— |
|
|
$ |
— |
|
|