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Components of Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Schedule of accumulated other comprehensive loss | The components of AOCI, net of the effect of income taxes, and activity for the six months ended June 30, 2019 and 2020 was as follows:
|  | Components of AOCI - Net of Tax |  |  |  |  |  |  |  |
(In thousands) |  | Cumulative Foreign Exchange Translation Adjustments |  | Effective Portion of Derivatives Designated as Hedging Instruments |  | Cumulative Unrecognized Actuarial Losses on Pension Obligations |  | Unrealized Gain (Loss) on Marketable Securities |  | Total
Balance at December 31, 2018 |  | $ | (159,810) |  |  | $ | 1,389 |  |  | $ | (408,655) |  |  | $ | (31) |  |  | $ | (567,107) |
Adoption of new accounting standard |  | — |  |  | — |  |  | (21,429) |  | (a) | — |  |  | (21,429) |
Other comprehensive income (loss) before reclassifications |  | 2,775 |  | (b) | (5,893) |  | (c) | 2,192 |  | (b) | 25 |  |  | (901) |
Amounts reclassified from AOCI, net of tax |  | (2,271) |  |  | 1,722 |  |  | 9,579 |  |  | — |  |  | 9,030 |
Total other comprehensive income (loss) |  | 504 |  |  | (4,171) |  |  | 11,771 |  |  | 25 |  |  | 8,129 |
Other comprehensive income attributable to noncontrolling interests |  | 178 |  |  | — |  |  | — |  |  | — |  |  | 178 |
Other comprehensive income (loss) attributable to Harsco Corporation |  | 682 |  |  | (4,171) |  |  | 11,771 |  |  | 25 |  |  | 8,307 |
Balance at June 30, 2019 |  | $ | (159,128) |  |  | $ | (2,782) |  |  | $ | (418,313) |  |  | $ | (6) |  |  | $ | (580,229) |
|  | Components of AOCI - Net of Tax |  |  |  |  |  |  |  |
(In thousands) |  | Cumulative Foreign Exchange Translation Adjustments |  | Effective Portion of Derivatives Designated as Hedging Instruments |  | Cumulative Unrecognized Actuarial Losses on Pension Obligations |  | Unrealized Gain (Loss) on Marketable Securities |  | Total
Balance at December 31, 2019 |  | $ | (143,340) |  |  | $ | (3,717) |  |  | $ | (440,562) |  |  | $ | (3) |  |  | $ | (587,622) |
Other comprehensive income (loss) before reclassifications |  | (65,677) |  | (b) | (1,146) |  | (c) | 23,810 |  | (b) | (31) |  |  | (43,044) |
Amounts reclassified from AOCI, net of tax |  | 12,906 |  |  | (213) |  |  | 13,380 |  |  | — |  |  | 26,073 |
Total other comprehensive income (loss) |  | (52,771) |  |  | (1,359) |  |  | 37,190 |  |  | (31) |  |  | (16,971) |
Other comprehensive income attributable to noncontrolling interests |  | 975 |  |  | — |  |  | — |  |  | — |  |  | 975 |
Other comprehensive income (loss) attributable to Harsco Corporation |  | (51,796) |  |  | (1,359) |  |  | 37,190 |  |  | (31) |  |  | (15,996) |
Balance at June 30, 2020 |  | $ | (195,136) |  |  | $ | (5,076) |  |  | $ | (403,372) |  |  | $ | (34) |  |  | $ | (603,618) |
(a) Represents the adoption of the new accounting standard on January 1, 2019 related to stranded tax effects from the Tax Cuts and Jobs Act. (b) Principally foreign currency fluctuation. (c) Net change from periodic revaluations.
Reclassification out of accumulated other comprehensive income | Amounts reclassified from AOCI are as follows:
(In thousands) |  | Three Months Ended |  |  |  | Six Months Ended |  |  |  | Affected Caption on the Company's Condensed Consolidated Statements of Operations
|  | June 30 2020 |  | June 30 2019 |  | June 30 2020 |  | June 30 2019 |  |
Recognition of cumulative foreign currency translation adjustments: |  |  |  |  |  |  |  |  |  |
Gain on substantial liquidation of subsidiaries (d) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2,271) |  |  | Other expenses, net
Loss on substantial liquidation of subsidiaries (d) |  | — |  |  | — |  |  | 12,906 |  |  | — |  |  | Gain on sale of discontinued business
Amortization of cash flow hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign currency exchange forward contracts |  | $ | (332) |  |  | $ | (433) |  |  | $ | (1,736) |  |  | $ | (465) |  |  | Product revenues
Foreign currency exchange forward contracts |  | — |  |  | 44 |  |  | — |  |  | 44 |  |  | Cost of services sold
Cross-currency interest rate swaps |  | 295 |  |  | 303 |  |  | 600 |  |  | 617 |  |  | Interest expense
Interest rate swaps |  | 732 |  |  | (271) |  |  | 1,110 |  |  | (572) |  |  | Interest expense
Interest rate swaps |  | — |  |  | 2,741 |  |  | — |  |  | 2,741 |  |  | Income from discontinued businesses
Total before tax |  | 695 |  |  | 2,384 |  |  | (26) |  |  | 2,365 |  |  |
Income taxes |  | (263) |  |  | (599) |  |  | (187) |  |  | (643) |  |  |
Total reclassification of cash flow hedging instruments, net of tax |  | $ | 432 |  |  | $ | 1,785 |  |  | $ | (213) |  |  | $ | 1,722 |  |  |
Amortization of defined benefit pension items (e): |  |  |  |  |  |  |  |  |  |
Recognized losses |  | $ | 4,757 |  |  | $ | 4,982 |  |  | $ | 9,837 |  |  | $ | 10,040 |  |  | Defined benefit pension income (expense)
Recognized prior-service costs |  | 106 |  |  | 65 |  |  | 213 |  |  | 131 |  |  | Defined benefit pension income (expense)
Settlement/curtailment losses |  | — |  |  | 129 |  |  | — |  |  | 129 |  |  | Defined benefit pension income (expense)
Pension liability transfer - discontinued business |  | — |  |  | — |  |  | 5,363 |  |  | — |  |  | Gain on sale of discontinued business
Total before tax |  | 4,863 |  |  | 5,176 |  |  | 15,413 |  |  | 10,300 |  |  |
Income taxes |  | (323) |  |  | (379) |  |  | (2,033) |  |  | (721) |  |  |
Total reclassification of defined benefit pension items, net of tax |  | $ | 4,540 |  |  | $ | 4,797 |  |  | $ | 13,380 |  |  | $ | 9,579 |  |  |
(d) No tax impact. (e) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.

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