ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2021

Comprehensive loss for three months ended March 31, 2021 and 2020 was as follows:


	Three Months Ended March 31,
	2021		2020
	(In thousands)
Net income	$	45,394	$	9,180
Foreign currency translation adjustment	(6,802)		(6,813)

Change in unrealized loss on derivatives, net of tax	36,915		(21,306)
Pension liability adjustment, net of tax	319		(68)
Comprehensive income (loss), net	$	75,826	$	(19,007)

Changes in accumulated other comprehensive loss by component between December 31, 2020 and March 31, 2021 are presented in the table below, net of tax:


	Gains and Losses on Derivatives		Defined Benefit Pension Items		Foreign Currency Items		Total
	(In thousands)


Balance at January 1, 2021	$	(82,249)	$	(5,105)	$	13,295	$	(74,059)
Other comprehensive income (loss)	67,776		319		(6,802)		61,293
Less: Amounts reclassified from accumulated other comprehensive loss	30,861		—		—		30,861
Net current-period other comprehensive income (loss)	36,915		319		(6,802)		30,432
Balance at March 31, 2021	$	(45,334)	$	(4,786)	$	6,493	$	(43,627)

For the three months ended March 31, 2021, the Company reclassified a loss of $33.9 million and $3.1 million from accumulated other comprehensive loss to other income (expense), net and interest income.