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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 12 Months Ended
Dec. 31, 2020
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

NOTE 8 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI")

The following tables set forth the total changes in accumulated other comprehensive income (loss) ("AOCI") by component, net of taxes:

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​

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​

​

​

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​

​

​

​

​

​

​

Year Ended December 31, 2020

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​

Unrealized gain

​

​

​

​

​

​

​

​

​

​

​

(loss) on

​

​

​

​

​

​

​

​

​

​

​

derivatives

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​

​

​

​

​

​

​

​

​

​

designated and

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​

​

​

​

​

​

​

​

qualifying as

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Defined benefit

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Currency

​

​

​

​

​

cash flow

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pension plan

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translation

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​

​

​

 

hedges

    

activity

    

adjustment

    

Total

Balance at December 31, 2018

​

$

1,694

​

$

(82,049)

​

$

(213,384)

​

$

(293,739)

Other comprehensive income (loss) before reclassification

​

 

1,007

​

 

8,213

​

 

6,454

(3)

 

15,674

Amounts reclassified from AOCI

​

 

(1,075)

(1)

 

3,290

(2)

 

—

​

 

2,215

Net current-period other comprehensive income (loss)

​

 

(68)

​

 

11,503

​

 

6,454

​

 

17,889

Balance at December 31, 2019

​

$

1,626

​

$

(70,546)

​

$

(206,930)

​

$

(275,850)

Other comprehensive income (loss) before reclassification

​

 

(790)

​

​

(40,111)

​

​

4,023

(3)

 

(36,878)

Amounts reclassified from AOCI

​

 

1,651

(1)

​

8,887

(2)

​

—

​

 

10,538

Net current-period other comprehensive income (loss)

​

 

861

​

​

(31,224)

​

​

4,023

​

 

(26,340)

Balance at December 31, 2020

​

$

2,487

​

$

(101,770)

​

$

(202,907)

​

$

(302,190)

​

(1)During 2020, this AOCI reclassification is a component of Net sales of $(1,478) (net of tax of $(537)) and Cost of goods sold of $173 (net of tax of $(15)); during 2019, the reclassification is a component of Net sales of $719 (net of tax of $256) and Cost of goods sold of $(356) (net of tax of $(98)). Refer to Note 15 to the consolidated financial statements for additional details.
(2)This AOCI component is included in the computation of net periodic pension costs (net of tax of $2,857 and $984 during the years ended December 31, 2020 and 2019, respectively). Refer to Note 12 to the consolidated financial statements for additional details.
(3)The Other comprehensive income before reclassifications excludes $45 and $281 attributable to Non-controlling interests in the years ended December 31, 2020 and 2019, respectively. The reclassified AOCI component is included in the computation of Non-controlling interests. Refer to the Consolidated Statements of Equity for additional details.