19. COMPREHENSIVE INCOME
Changes in the accumulated other comprehensive income or loss (“AOCI”) balance by component consisted of the following for the respective years:
(in thousands) | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Currency | Pension | Currency | Pension | Currency | Pension | |||||||||||||||||||
Translation | Liability | Translation | Liability | Translation | Liability | |||||||||||||||||||
Adjustments | Adjustments | Adjustments | Adjustments | Adjustments | Adjustments | |||||||||||||||||||
AOCI beginning period balance | $ | 5,645 | $ | (44,507 | ) | $ | 380 | $ | (33,727 | ) | $ | 2,564 | $ | (14,089 | ) | |||||||||
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Other comprehensive income (loss) before reclassifications | 6,804 | 13,862 | 5,265 | (13,459 | ) | (2,184 | ) | (20,065 | ) | |||||||||||||||
Amounts reclassified from AOCI | 5,667 | 2,679 | 427 | |||||||||||||||||||||
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Net current-period other comprehensive income (loss) | 6,804 | 19,529 | 5,265 | (10,780 | ) | (2,184 | ) | (19,638 | ) | |||||||||||||||
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AOCI end of period balance | $ | 12,449 | $ | (24,978 | ) | $ | 5,645 | $ | (44,507 | ) | $ | 380 | $ | (33,727 | ) | |||||||||
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Amounts reported in the table above are net of income tax.
Amounts reclassified to net earnings for pension liability adjustments relate to the amortization of actuarial losses and settlement charges. These amounts are included within the “Selling, general and administrative” caption on our condensed consolidated statement of operations (see Note 18—Employee Benefit Plans for additional information).