| Accumulated Other Comprehensive Income |
NOTE 16—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income (loss) on the Consolidated Balance Sheets is net of applicable taxes, and consists of unrealized holding gains and losses on available-for-sale securities, unrealized gains and losses on certain derivative transactions and foreign currency translation adjustments.
The following table sets forth the changes in Accumulated other comprehensive income (loss) attributable to the Company:
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|
| (in thousands) |
|
Unrealized gains (losses)
on available for
sale securities |
|
Unrealized holding
gains (losses) on
derivative transactions |
|
Foreign currency
translation
adjustments |
|
Total |
| Balance at January 1, 2018 |
|
$ |
(4) |
|
|
$ |
(10,716) |
|
|
$ |
1,833 |
|
|
$ |
(8,887) |
|
| Other comprehensive income (loss) before reclassifications |
|
(56) |
|
|
23,065 |
|
|
(17,800) |
|
|
5,209 |
|
Amounts reclassified from accumulated other comprehensive loss(1)
|
|
— |
|
|
130 |
|
|
— |
|
|
130 |
|
| Net other comprehensive income (loss) during the year |
|
(56) |
|
|
23,195 |
|
|
(17,800) |
|
|
5,339 |
|
| Adoption of ASU 2017-12 |
|
— |
|
|
(515) |
|
|
— |
|
|
(515) |
|
| Balance at December 31, 2018 |
|
(60) |
|
|
11,964 |
|
|
(15,967) |
|
|
(4,063) |
|
| Other comprehensive income before reclassifications |
|
56 |
|
|
6,669 |
|
|
2,064 |
|
|
8,789 |
|
Amounts reclassified from accumulated other comprehensive loss(1)
|
|
— |
|
|
(9,052) |
|
|
— |
|
|
(9,052) |
|
| Net other comprehensive income (loss) during the year |
|
56 |
|
|
(2,383) |
|
|
2,064 |
|
|
(263) |
|
| Purchase of non-controlling interest |
|
— |
|
|
(99) |
|
|
— |
|
|
(99) |
|
| Balance at December 31, 2019 |
|
(4) |
|
|
9,482 |
|
|
(13,903) |
|
|
(4,425) |
|
| Other comprehensive income (loss) before reclassifications |
|
4 |
|
|
(7,218) |
|
|
24,078 |
|
|
16,864 |
|
Amounts reclassified from accumulated other comprehensive income(1)
|
|
— |
|
|
(11,633) |
|
|
— |
|
|
(11,633) |
|
| Net other comprehensive income (loss) during the year |
|
4 |
|
|
(18,851) |
|
|
24,078 |
|
|
5,231 |
|
| Balance at December 31, 2020 |
|
$ |
— |
|
|
$ |
(9,369) |
|
|
$ |
10,175 |
|
|
$ |
806 |
|
(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other operating income (expense), net on the Consolidated Statements of Operations. Refer to Note 18 for further information regarding reclassifications.
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