Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2018

Accumulated Other Comprehensive Income Loss [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 16. Accumulated Other Comprehensive Income (Loss)

Changes in AOCI by component are as follows:

(in thousands)	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Prior Service Credit, Net			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016	$	421		$	(29,084	)	$	(10,728	)	$	(39,391	)
Other comprehensive income before reclassifications		257			17,058			—			17,315
Amounts reclassified from AOCI, net of tax		(62	)		—			(430	)		(492	)
Net other comprehensive income (loss)		195			17,058			(430	)		16,823
Balance at December 31, 2017	$	616		$	(12,026	)	$	(11,158	)	$	(22,568	)
Other comprehensive loss before reclassifications		—			(24,306	)		359			(23,947	)
Amounts reclassified from AOCI, net of tax		—			—			724			724
Net other comprehensive loss		—			(24,306	)		1,083			(23,223	)
Adoption of ASU 2016-01⁽¹⁾		(616	)		—			—			(616	)
Adoption of ASU 2018-02⁽²⁾		—			—			(1,568	)		(1,568	)
Balance at December 31, 2018	$	—		$	(36,332	)	$	(11,643	)	$	(47,975	)

⁽¹⁾	Upon the adoption of ASU 2016-01, we recorded a cumulative-effect adjustment from unrealized gains on investments to beginning retained earnings.

⁽²⁾	Upon the adoption of ASU 2018-02, we recorded a cumulative-effect adjustment from AOCI to beginning retained earnings.

Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. These costs are recorded as components of net periodic cost for each period presented. Refer to Note 18 – Pension and Postretirement Benefits for additional information.

Amounts reclassified that relate to unrealized gains on equity securities classified as available-for-sale include $1.0 million ($0.6 million after tax) as of December 31, 2017. Upon the adoption of ASU 2016-01, unrealized gains on equity securities are recognized in net income. Refer to Note 13 – Fair Value Measurements for additional information.