v3.20.2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
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9 Months Ended |
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Equity [Abstract] |
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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: | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | | September 2020 | | | December 2019 | | September 2019 | Foreign currency translation | | | $ | (101,057) | | | | $ | (84,118) | | | $ | (93,199) | | Defined benefit pension plans | | | (2,356) | | | | (2,301) | | | (775) | | Derivative financial instruments | | | (19,384) | | | | 6,721 | | | 5,139 | | Accumulated other comprehensive loss | | | $ | (122,797) | | | | $ | (79,698) | | | $ | (88,835) | |
The following tables present changes in AOCL, net of related tax impact: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 2020 | | | Foreign Currency Translation | | Defined Benefit Pension Plans | | Derivative Financial Instruments | | | | (In thousands) | | | | Total | | | | | | | | | | Balance, June 2020 | $ | (108,129) | | | $ | (2,289) | | | $ | (20,880) | | | $ | (131,298) | | | Other comprehensive income (loss) before reclassifications | 7,072 | | | (77) | | | (469) | | | 6,526 | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | 10 | | | 1,965 | | | 1,975 | | | Net other comprehensive income (loss) | 7,072 | | | (67) | | | 1,496 | | | 8,501 | | | Balance, September 2020 | $ | (101,057) | | | $ | (2,356) | | | $ | (19,384) | | | $ | (122,797) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 2019 | | | Foreign Currency Translation | | Defined Benefit Pension Plans | | Derivative Financial Instruments | | | | (In thousands) | | | | Total | | Balance, June 2019 | $ | (81,841) | | | $ | (1,072) | | | $ | 9,225 | | | $ | (73,688) | | | Other comprehensive income (loss) before reclassifications | (11,358) | | | 297 | | | (468) | | | (11,529) | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | (3,618) | | | (3,618) | | | Net other comprehensive income (loss) | (11,358) | | | 297 | | | (4,086) | | | (15,147) | | | Balance, September 2019 | $ | (93,199) | | | $ | (775) | | | $ | 5,139 | | | $ | (88,835) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 2020 | | | Foreign Currency Translation | | Defined Benefit Pension Plans | | Derivative Financial Instruments | | | | (In thousands) | | | | Total | | | | | | | | | | Balance, December 2019 | $ | (84,118) | | | $ | (2,301) | | | $ | 6,721 | | | $ | (79,698) | | | Other comprehensive income (loss) before reclassifications | (16,939) | | | (85) | | | (24,944) | | | (41,968) | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | 30 | | | (1,161) | | | (1,131) | | | Net other comprehensive income (loss) | (16,939) | | | (55) | | | (26,105) | | | (43,099) | | | Balance, September 2020 | $ | (101,057) | | | $ | (2,356) | | | $ | (19,384) | | | $ | (122,797) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 2019 | | | Foreign Currency Translation | | Defined Benefit Pension Plans | | Derivative Financial Instruments | | | | (In thousands) | | | | Total | | Balance, December 2018 | $ | (145,182) | | | $ | — | | | $ | — | | | $ | (145,182) | | | Other comprehensive income (loss) before reclassifications | (5,914) | | | 283 | | | (2,526) | | | (8,157) | | | Amounts reclassified from accumulated other comprehensive income (loss) | — | | | — | | | (3,980) | | | (3,980) | | | Net other comprehensive income (loss) | (5,914) | | | 283 | | | (6,506) | | | (12,137) | | | Amounts transferred from former parent | 57,897 | | | (1,058) | | | 11,645 | | | 68,484 | | | Balance, September 2019 | $ | (93,199) | | | $ | (775) | | | $ | 5,139 | | | $ | (88,835) | | |
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Reclassification out of Accumulated Other Comprehensive Income |
The following table presents reclassifications out of AOCL: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | | | Three Months Ended September | | Nine Months Ended September | | | | | Details About Accumulated Other Comprehensive Loss Reclassifications | | Affected Line Item in the Financial Statements | | | | | | | | | | | | | | | | | 2020 | | | 2019 | | | 2020 | | | 2019 | Defined benefit pension plans: | | | | | | | | | | | | | Net change in deferred actuarial losses | | Selling, general and administrative expenses | | | $ | (14) | | | | $ | — | | | | $ | (42) | | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total before tax | | | | | (14) | | | | — | | | | (42) | | | | — | | Tax benefit | | Income taxes | | | 4 | | | | — | | | | 12 | | | | — | | Net of tax | | | | | (10) | | | | — | | | | (30) | | | | — | | Gains (losses) on derivative financial instruments: | | | | | | | | | | | | | Foreign currency exchange contracts | | Net revenues | | | $ | (36) | | | | $ | (379) | | | | $ | (588) | | | | $ | (475) | | Foreign currency exchange contracts | | Cost of goods sold | | | (578) | | | | 3,486 | | | | 4,778 | | | | 3,901 | | | | | | | | | | | | | | | | | Foreign currency exchange contracts | | Other expense, net | | | 36 | | | | 328 | | | | 173 | | | | 371 | | Interest rate swap agreements | | Interest expense | | | (1,636) | | | | 642 | | | | (3,216) | | | | 642 | | Total before tax | | | | | (2,214) | | | | 4,077 | | | | 1,147 | | | | 4,439 | | Income taxes | | Income taxes | | | (249) | | | | 459 | | | | (14) | | | | 459 | | Net of tax | | | | | (1,965) | | | | 3,618 | | | | 1,161 | | | | 3,980 | | Total reclassifications for the period, net of tax | | | $ | (1,975) | | | | $ | 3,618 | | | | $ | 1,131 | | | | $ | 3,980 | |
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