| Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI |
The following table presents deferred components of AOCL in equity, net of related taxes:
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| (In thousands) |
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September 2020 |
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December 2019 |
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September 2019 |
| Foreign currency translation |
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$ |
(101,057) |
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$ |
(84,118) |
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$ |
(93,199) |
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| Defined benefit pension plans |
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(2,356) |
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(2,301) |
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(775) |
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| Derivative financial instruments |
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(19,384) |
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6,721 |
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5,139 |
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| Accumulated other comprehensive loss |
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$ |
(122,797) |
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$ |
(79,698) |
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$ |
(88,835) |
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The following tables present changes in AOCL, net of related tax impact:
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Three Months Ended September 2020 |
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Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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| (In thousands) |
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Total |
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| Balance, June 2020 |
$ |
(108,129) |
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$ |
(2,289) |
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$ |
(20,880) |
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$ |
(131,298) |
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| Other comprehensive income (loss) before reclassifications |
7,072 |
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(77) |
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(469) |
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6,526 |
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| Amounts reclassified from accumulated other comprehensive income (loss) |
— |
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10 |
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1,965 |
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1,975 |
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| Net other comprehensive income (loss) |
7,072 |
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(67) |
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1,496 |
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8,501 |
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| Balance, September 2020 |
$ |
(101,057) |
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$ |
(2,356) |
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$ |
(19,384) |
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$ |
(122,797) |
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Three Months Ended September 2019 |
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Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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| (In thousands) |
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Total |
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| Balance, June 2019 |
$ |
(81,841) |
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$ |
(1,072) |
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$ |
9,225
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$ |
(73,688) |
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| Other comprehensive income (loss) before reclassifications |
(11,358) |
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297 |
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(468) |
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(11,529) |
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| Amounts reclassified from accumulated other comprehensive income (loss) |
— |
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— |
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(3,618) |
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(3,618) |
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| Net other comprehensive income (loss) |
(11,358) |
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297 |
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(4,086) |
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(15,147) |
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| Balance, September 2019 |
$ |
(93,199) |
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$ |
(775) |
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$ |
5,139
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$ |
(88,835) |
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Nine Months Ended September 2020 |
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Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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| (In thousands) |
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Total |
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| Balance, December 2019 |
$ |
(84,118) |
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$ |
(2,301) |
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$ |
6,721
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$ |
(79,698) |
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| Other comprehensive income (loss) before reclassifications |
(16,939) |
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(85) |
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(24,944) |
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(41,968) |
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| Amounts reclassified from accumulated other comprehensive income (loss) |
— |
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30 |
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(1,161) |
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(1,131) |
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| Net other comprehensive income (loss) |
(16,939) |
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(55) |
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(26,105) |
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(43,099) |
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| Balance, September 2020 |
$ |
(101,057) |
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$ |
(2,356) |
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$ |
(19,384) |
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$ |
(122,797) |
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Nine Months Ended September 2019 |
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Foreign Currency Translation |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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| (In thousands) |
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Total |
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| Balance, December 2018 |
$ |
(145,182) |
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$ |
—
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$ |
—
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$ |
(145,182) |
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| Other comprehensive income (loss) before reclassifications |
(5,914) |
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283 |
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(2,526) |
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(8,157) |
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| Amounts reclassified from accumulated other comprehensive income (loss) |
— |
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— |
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(3,980) |
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(3,980) |
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| Net other comprehensive income (loss) |
(5,914) |
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283 |
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(6,506) |
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(12,137) |
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| Amounts transferred from former parent |
57,897 |
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(1,058) |
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11,645 |
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68,484 |
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| Balance, September 2019 |
$ |
(93,199) |
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$ |
(775) |
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$ |
5,139
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$ |
(88,835) |
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| Reclassification out of Accumulated Other Comprehensive Income |
The following table presents reclassifications out of AOCL:
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| (In thousands) |
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Three Months Ended September |
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Nine Months Ended September |
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| Details About Accumulated Other Comprehensive Loss Reclassifications |
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Affected Line Item in the Financial Statements |
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2020 |
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2019 |
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2020 |
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2019 |
| Defined benefit pension plans: |
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| Net change in deferred actuarial losses |
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Selling, general and administrative expenses |
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$ |
(14) |
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$ |
— |
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$ |
(42) |
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$ |
— |
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| Total before tax |
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(14) |
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— |
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(42) |
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— |
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| Tax benefit |
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Income taxes |
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4 |
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— |
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12 |
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— |
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| Net of tax |
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(10) |
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— |
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(30) |
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— |
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| Gains (losses) on derivative financial instruments: |
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| Foreign currency exchange contracts |
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Net revenues |
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$ |
(36) |
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$ |
(379) |
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$ |
(588) |
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$ |
(475) |
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| Foreign currency exchange contracts |
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Cost of goods sold |
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(578) |
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3,486 |
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4,778 |
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3,901 |
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| Foreign currency exchange contracts |
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Other expense, net |
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36 |
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328 |
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173 |
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371 |
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| Interest rate swap agreements |
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Interest expense |
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(1,636) |
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642 |
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(3,216) |
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|
642 |
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| Total before tax |
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(2,214) |
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4,077 |
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1,147 |
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4,439 |
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| Income taxes |
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Income taxes |
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(249) |
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459 |
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(14) |
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|
459 |
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| Net of tax |
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(1,965) |
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3,618 |
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1,161 |
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3,980 |
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| Total reclassifications for the period, net of tax |
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$ |
(1,975) |
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$ |
3,618
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$ |
1,131
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$ |
3,980
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