Reclassifications Out of Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2019

Reclassifications Out of Accumulated Other Comprehensive Loss

During three months ended March 31, 2019 , we recognized non-cash cumulative translation losses of approximately $15.4 million as a result of the approval of our plan to close our South Africa affiliates. This charge is related to the historical translation of the elements of the financial statements for the business from the functional currency to the U.S. Dollar. The translation impact has been historically recorded as currency translation adjustment (“CTA”), a separate component of accumulated other comprehensive loss within the equity section of the unaudited Condensed Consolidated Balance Sheet and has been reclassified into net income during three months ended March 31, 2019.

Changes in accumulated other comprehensive loss were as follows:



	MSA Safety Incorporated							Noncontrolling Interests
	Three Months Ended March 31,							Three Months Ended March 31,
(In thousands)	2019				2018			2019		2018
Pension and other post-retirement benefits ^(a)
Balance at beginning of period	$	(115,517	)		$	(97,948	)	$	—	$	—
Amounts reclassified from accumulated other comprehensive loss into net income:
Amortization of prior service credit (Note 15)	(105		)		(83		)	—		—
Recognized net actuarial losses (Note 15)	2,794				3,478			—		—
Tax benefit	(666		)		(1,066		)	—		—
Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income	2,023				2,329			—		—
Reclassification to retained earnings due to the adoption of ASU 2018-02 (Note 2)	(3,772		)		—			—		—
Balance at end of period	$	(117,266	)		$	(95,619	)	$	—	$	—
Available-for-sale securities
Balance at beginning of period	$	(572	)		$	—		$	—	$	—
Unrealized gains on available-for-sale securities (Note 17)	536				—			—		—
Balance at end of period	$	(36	)		$	—		$	—	$	—
Foreign Currency Translation
Balance at beginning of period	$	(102,838	)		$	(73,814	)	$	496	$	801
Reclassification from accumulated other comprehensive loss into net income	15,359			^(b)	—			—		—
Foreign currency translation adjustments	218				13,230			143		170
Balance at end of period	$	(87,261	)		$	(60,584	)	$	639	$	971

^(a)Reclassifications out of accumulated other comprehensive loss and into net income are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 15—Pensions and Other Post-retirement Benefits).

^(b)Reclassifications into net income relate primarily to the approval of our plan to close our South Africa affiliates as discussed above and are included in Currency exchange losses, net within the unaudited Condensed Consolidated Statement of Income.