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Reclassifications from Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2014
Reclassifications from Accumulated Other Comprehensive Income [Abstract]  
Reclassifications from Accumulated Other Comprehensive Income
Amounts of (income) expense reclassified from AOCI are as follows (in thousands):
AOCI Component
 
Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated Statements of Income
 
(Income) / expense reclassified from AOCI for the quarter ended March 31,
 
 
2014
 
2013
Currency translation
 
Other income (expense), net
 
$
252

 
$

Available-for-sale investment
 
Other income (expense), net
 

 
(561
)
Currency hedge portfolio derivatives
 
Net sales
 
1,027

 
8,632

Bunker fuel forward contracts
 
Cost of sales
 
(175
)
 
(2,839
)
Prior service cost and recognized actuarial loss amortization related to pensions*
 
 
 
300

 
338

* These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 10 for further details.
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in the components of accumulated other comprehensive income, net of tax, for the quarter ended March 31, 2014 were as follows:
(In thousands)
Net cumulative currency translation gains (losses)
 
Net unrealized losses on qualifying cash flow hedges
 
Net unrecognized losses related to pension and severance plans (1)
 
Total
Balance at December 31, 2013
$
(469
)
 
$
(5,654
)
 
$
(19,660
)
 
$
(25,783
)
Other comprehensive income (loss) before reclassifications
16

 
(1,046
)
 
(342
)
 
(1,372
)
Amounts reclassified from accumulated other comprehensive income
252

 
852

 
300

 
1,404

Net current-period other comprehensive income (loss)
268

 
(194
)
 
(42
)
 
32

Balance at March 31, 2014
$
(201
)
 
$
(5,848
)
 
$
(19,702
)
 
$
(25,751
)
(1) Net of deferred tax liability of $271, and $530 as of March 31, 2014 and December 31, 2013, respectively.