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Accumulated Other Comprehensive Income (AOCI) | 3 Months Ended
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Mar. 31, 2019
Accumulated items of other comprehensive income: |
Accumulated Other Comprehensive Income (AOCI) | 9. Accumulated Other Comprehensive Income (AOCI) The table below presents changes in the components of AOCI for the period December 31, 2018 to March 31, 2019:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Other Comprehensive Income
December 31, 2018 | ($115,976) | ($47,109) | $4,697 | ($158,388)
Other comprehensive income/(loss) before reclassifications | (654) | (152) | (2,514) | (3,320)
Interest expense related to swaps reclassified to the Consolidated Statements of Income, net of tax | - | - | (337) | (337)
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax | - | 11 | - | 11
Adjustment related to prior period change in opening valuation allowance | - | (1,346) | - | (1,346)
Net current period other comprehensive income | (654) | (1,487) | (2,851) | (4,992)
March 31, 2019 | ($116,630) | ($48,596) | $1,846 | ($163,380)
The table below presents changes in the components of AOCI for the period December 31, 2017 to March 31, 2018:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Other Comprehensive Income
December 31, 2017 | ($87,318) | ($50,536) | $1,953 | ($135,901)
Other comprehensive income/(loss) before reclassifications | 17,646 | (141) | 4,343 | 21,848
Interest expense related to swaps reclassified to the Consolidated Statements of Income, net of tax | - | - | 137 | 137
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax | - | 128 | - | 128
Net current period other comprehensive income | 17,646 | (13) | 4,480 | 22,113
March 31, 2018 | ($69,672) | ($50,549) | $6,433 | ($113,788)
The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the expense/(income) amounts reclassified, and the line items of the Consolidated Statements of Income that were affected for the three months ended March 31, 2019 and 2018.
| Three months ended March 31,
(in thousands) | 2019 | 2018
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |
Expense related to interest rate swaps included in Income before taxes (a) | ($452) | $180
Income tax effect | 115 | (43)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | ($337) | $137
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |
Amortization of prior service credit | (1,105) | (1,114)
Amortization of net actuarial loss | 1,121 | 1,297
Total pretax amount reclassified (b) | 16 | 183
Income tax effect | (5) | (55)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $11 | $128
| (a) | Included in Interest expense, net, are payments related to the interest rate swap agreements and amortization of swap buyouts (see Notes 15 and 16).
| (b) | These accumulated other comprehensive income components are included in the computation of net periodic cost (see Note 4).

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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