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Accumulated other comprehensive income (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Summary of Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (“AOCI”) by component for the three months ended March 31, 2021 were as follows (in thousands):

 

       
Three months ended March 31, 2020    Currency
translation
adjustments
     Defined
benefit
pension
plan
    Total  

Balance as of January 1, 2020

   $ 10,131      $ (698   $ 9,433  

Foreign currency translation gain/(loss)

     9,565          9,565  

Actuarial gain/(loss), net of tax expense of $8

        (26     (26
  

 

 

 

Balance as of March 31, 2020

   $ 19,696      $ (724   $ 18,972  

 

 

 

       
Three months ended March 31, 2021    Currency
translation
adjustments
     Defined
benefit
pension
plan
    Total  

Balance as of January 1, 2021

   $ 23,807      $ (992   $ 22,815  

Foreign currency translation gain/(loss)

     1,329          1,329  

Actuarial gain/(loss), net of tax expense of $14

        (55     (55
  

 

 

 

Balance as of March 31, 2021

   $ 25,136      $ (1,047   $ 24,089  

 

 

Changes in accumulated other comprehensive income (AOCI) by component for the years ended December 31, 2020 and 2019 were as follows (in thousands):

 

       
      Currency
Translation
Adjustments
     Defined
Benefit
Pension
Plan
    Total  

Balance at January 1, 2019

   $ 389      $ (313   $ 76  

Foreign currency translation gain/(loss)

     9,742              9,742  

Actuarial gain/(loss), net of tax

            (385     (385

Balance as of December 31, 2019

   $ 10,131      $ (698   $ 9,433  

Foreign currency translation gain/(loss)

     13,676              13,676  

Actuarial gain/(loss), net of tax

            (294     (294

Balance at December 31, 2020

   $ 23,807      $ (992   $ 22,815