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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Notes) | 3 Months Ended
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Mar. 31, 2022
Stockholders' Equity Note [Abstract] |
Comprehensive Loss Note | ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following (amounts in thousands):
| Currency Translation Adjustments |  | Gain (Loss) on Derivatives |  | Unrecognized Losses and Prior Service Cost |  | Total
Balance at January 1, 2022 | $ | (236,059) |  |  | $ | (39) |  |  | $ | (10,382) |  |  | $ | (246,480) |
Currency translation adjustments, net (1) | 18,457 |  |  | — |  |  | — |  |  | 18,457 |
Defined benefit pension plans: |  |  |  |  |  |  |
Amortization of unrecognized losses and prior service cost, net of tax of $(182) | — |  |  | — |  |  | 544 |  |  | 544 |
Derivative gain | — |  |  | 303 |  |  | — |  |  | 303 |
Balance at March 31, 2022 | $ | (217,602) |  |  | $ | 264 |  |  | $ | (9,838) |  |  | $ | (227,176) |
(1) The currency translation adjustments, net includes amounts reclassified into other expense within the Condensed Consolidated Statements of Operations of approximately $10 million for the three months ended March 31, 2022 related to the sale of the Australian wheel business. Refer to Note 1 for additional information.
| Currency Translation Adjustments |  | Gain (Loss) on Derivatives |  | Unrecognized Losses and Prior Service Cost |  | Total
Balance at January 1, 2021 | $ | (194,151) |  |  | $ | (413) |  |  | $ | (22,690) |  |  | $ | (217,254) |
Currency translation adjustments, net | (26,665) |  |  | — |  |  | — |  |  | (26,665) |
Defined benefit pension plans: |  |  |  |  |  |  |
Amortization of unrecognized losses and prior service cost, net of tax of $(44) | — |  |  | — |  |  | 873 |  |  | 873 |
Derivative gain | — |  |  | 40 |  |  | — |  |  | 40 |
Balance at March 31, 2021 | $ | (220,816) |  |  | $ | (373) |  |  | $ | (21,817) |  |  | $ | (243,006) |
The change in currency translation adjustments for the three months ended March 31, 2022 as compared to the three months ended March 31, 2021 was due to foreign currency rate fluctuations, the ongoing initiative to rationalize the Company's legal entity structure, and the ongoing management of the intercompany capital structure during the year.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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