Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income Loss [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 16. Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (“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, 2017	$	616		$	(12,026	)	$	(11,158	)	$	(22,568	)
Other comprehensive income (loss) before reclassification		—			(24,306	)		359			(23,947	)
Amounts reclassified from AOCI, net of tax		—			—			724			724
Net other comprehensive income (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	)
Other comprehensive income (loss) before reclassifications		—			12,533			(10	)		12,523
Amounts reclassified from AOCI, net of tax		—			—			(247	)		(247	)
Net other comprehensive income (loss)		—			12,533			(257	)		12,276
Balance at December 31, 2019	$	—		$	(23,799	)	$	(11,900	)	$	(35,699	)

⁽¹⁾	^{Upon the adoption of ASU 2016-01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, we recorded a cumulative-effect adjustment from unrealized gains on investments to beginning retained earnings.}

⁽²⁾	^{Upon the adoption of ASU 2018-02, Income Statement – Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, 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.