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Reclassifications Out of Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Reclassifications Out of Accumulated Other Comprehensive Loss | Note 12 – Reclassifications Out of Accumulated Other Comprehensive Loss Reclassification adjustments and other activities impacting Accumulated other comprehensive loss during the three and six months ended June 30, 2021 and 2020 were as follows:
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at March 31, 2021 |  | $ | (3,451 | ) |  | $ | (25,789 | ) |  | $ | 584 |  |  | $ | (28,656 | )
Other comprehensive income before reclassifications |  |  | — |  |  |  | 4,531 |  |  |  | 364 |  |  |  | 4,895 |
Income tax effect of other comprehensive income before reclassifications |  |  | — |  |  |  | (3 | ) |  |  | (79 | ) |  |  | (82 | )
Amounts reclassified from accumulated other comprehensive loss into net income (loss) |  |  | — |  |  |  | — |  |  |  | (426 | ) | a |  | (426 | )
Income taxes reclassified into net income (loss) |  |  | — |  |  |  | — |  |  |  | 93 |  |  |  | 93 |
Net current period other comprehensive income (loss) |  |  | — |  |  |  | 4,528 |  |  |  | (48 | ) |  |  | 4,480 |
Balance at June 30, 2021 |  | $ | (3,451 | ) |  | $ | (21,261 | ) |  | $ | 536 |  |  | $ | (24,176 | )
| (a) | The amounts reclassified from accumulated other comprehensive loss were included in cost of sales.
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at March 31, 2020 |  | $ | (3,371 | ) |  | $ | (48,705 | ) |  | $ | (2,855 | ) |  | $ | (54,931 | )
Other comprehensive income before reclassifications |  |  | — |  |  |  | 5,911 |  |  |  | 572 |  |  |  | 6,483 |
Income tax effect of other comprehensive income before reclassifications |  |  | — |  |  |  | 36 |  |  |  | (125 | ) |  |  | (89 | )
Amounts reclassified from accumulated other comprehensive loss into net income (loss) |  |  | — |  |  |  | — |  |  |  | 886 |  | a |  | 886 |
Income taxes reclassified into net income (loss) |  |  | — |  |  |  | — |  |  |  | (194 | ) |  |  | (194 | )
Net current period other comprehensive income |  |  | — |  |  |  | 5,947 |  |  |  | 1,139 |  |  |  | 7,086 |
Balance at June 30, 2020 |  | $ | (3,371 | ) |  | $ | (42,758 | ) |  | $ | (1,716 | ) |  | $ | (47,845 | )
| (a) | The amounts reclassified from accumulated other comprehensive loss were included in cost of sales.
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at December 31, 2020 |  | $ | (3,451 | ) |  | $ | (12,637 | ) |  | $ | 1,106 |  |  | $ | (14,982 | )
Other comprehensive (loss) income before reclassifications |  |  | — |  |  |  | (8,341 | ) |  |  | 206 |  |  |  | (8,135 | )
Income tax effect of other comprehensive (loss) income before reclassifications |  |  | — |  |  |  | (283 | ) |  |  | (45 | ) |  |  | (328 | )
Amounts reclassified from accumulated other comprehensive loss into net income (loss) |  |  | — |  |  |  | — |  |  |  | (935 | ) | a |  | (935 | )
Income taxes reclassified into net income (loss) |  |  | — |  |  |  | — |  |  |  | 204 |  |  |  | 204 |
Net current period other comprehensive loss |  |  | — |  |  |  | (8,624 | ) |  |  | (570 | ) |  |  | (9,194 | )
Balance at June 30, 2021 |  | $ | (3,451 | ) |  | $ | (21,261 | ) |  | $ | 536 |  |  | $ | (24,176 | )
| (a) | The amounts reclassified from accumulated other comprehensive loss were included in cost of sales.
|  | Defined Benefit Pension Plans |  |  | Foreign Currency Translation Adjustments |  |  | Foreign Currency Hedge Derivatives |  |  | Total |
Balance at December 31, 2019 |  | $ | (3,371 | ) |  | $ | (39,965 | ) |  | $ | 895 |  |  | $ | (42,441 | )
Other comprehensive loss before reclassifications |  |  | — |  |  |  | (2,776 | ) |  |  | (3,598 | ) |  |  | (6,374 | )
Income tax effect of other comprehensive loss before reclassifications |  |  | — |  |  |  | (17 | ) |  |  | 784 |  |  |  | 767 |
Amounts reclassified from accumulated other comprehensive loss into net income (loss) |  |  | — |  |  |  | — |  |  |  | 261 |  | a |  | 261 |
Income taxes reclassified into net income (loss) |  |  | — |  |  |  | — |  |  |  | (58 | ) |  |  | (58 | )
Net current period other comprehensive loss |  |  | — |  |  |  | (2,793 | ) |  |  | (2,611 | ) |  |  | (5,404 | )
Balance at June 30, 2020 |  | $ | (3,371 | ) |  | $ | (42,758 | ) |  | $ | (1,716 | ) |  | $ | (47,845 | )
| (a) | The amounts reclassified from accumulated other comprehensive loss were included in cost of sales.
The Company expects all of the existing gains and losses related to foreign currency hedge derivatives reported in Accumulated other comprehensive loss as of June 30, 2021 to be reclassified into earnings during the next twelve months. See Note 9 for additional information about derivative financial instruments and the effects from reclassification to net income.

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