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Accumulated Other Comprehensive Income (AOCI) | 6 Months Ended
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Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (AOCI) | Accumulated Other Comprehensive Income (AOCI)The table below presents changes in the components of AOCI for the period December 31, 2019 to June 30, 2020:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Accumulated Other Comprehensive Income
December 31, 2019 | $ | (122,852) |  | $ | (49,994) |  | $ | (3,135) |  | $ | (175,981) |
Other comprehensive income/(loss) before reclassifications, net of tax | (16,783) |  | 581 |  | (9,028) |  | (25,230) |
Pension/postretirement curtailment loss, net of tax | — |  | 265 |  | — |  | 265 |
Interest expense related to swaps reclassified to the Consolidated Statements of Income, net of tax | — |  | — |  | 1,133 |  | 1,133 |
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax | — |  | 186 |  | — |  | 186 |
Net current period other comprehensive income | (16,783) |  | 1,032 |  | (7,895) |  | (23,646) |
June 30, 2020 | $ | (139,635) |  | $ | (48,962) |  | $ | (11,030) |  | $ | (199,627) |
The table below presents changes in the components of AOCI for the period December 31, 2018 to June 30, 2019:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Accumulated Other Comprehensive Income
December 31, 2018 | $ | (115,976) |  | $ | (47,109) |  | $ | 4,697 |  | $ | (158,388) |
Other comprehensive income/(loss) before reclassifications, net of tax | (655) |  | (201) |  | (6,897) |  | (7,753) |
Interest expense related to swaps reclassified to the Consolidated Statements of Income, net of tax | — |  | — |  | (649) |  | (649) |
Pension and postretirement liability adjustments reclassified to Consolidated Statements of Income, net of tax | — |  | 20 |  | — |  | 20 |
Adjustment related to prior period change in opening valuation allowance | — |  | (1,346) |  | — |  | (1,346) |
Net current period other comprehensive income | (655) |  | (1,527) |  | (7,546) |  | (9,728) |
June 30, 2019 | $ | (116,631) |  | $ | (48,636) |  | $ | (2,849) |  | $ | (168,116) |
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 Statement of Income that were affected for the three and six months ended June 30, 2020 and 2019:
| Three months ended June 30, |  | Six months ended June 30, |
(in thousands) | 2020 | 2019 | 2020 | 2019
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |  |  |
Expense/(income) related to interest rate swaps included in Income before taxes (a) | $ | 1,116 |  | $ | (420) |  | $ | 1,523 |  | $ | (872) |
Income tax effect | (286) |  | 108 |  | (390) |  | 223 |
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $ | 830 |  | $ | (312) |  | $ | 1,133 |  | $ | (649) |
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |  |  |
Pension/postretirement curtailment | $ | 378 |  | $ | — |  | $ | 378 |  | $ | — |
Amortization of prior service credit | (1,114) |  | (1,105) |  | (2,228) |  | (2,210) |
Amortization of net actuarial loss | 1,232 |  | 1,118 |  | 2,476 |  | 2,239 |
Total pretax amount reclassified (b) | 496 |  | 13 |  | 626 |  | 29 |
Income tax effect | (143) |  | (4) |  | (175) |  | (9) |
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $ | 353 |  | $ | 9 |  | $ | 451 |  | $ | 20 |
(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 pension 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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