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Comprehensive Income
6 Months Ended
Jun. 30, 2016
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest [Abstract]  
Comprehensive Income

16.

Comprehensive Income

Changes in the accumulated other comprehensive income or loss (“AOCI”) balance by component consisted of the following:

 

 

 

Three months ended June 30,

 

 

 

 

2016

 

 

2015

 

 

(in thousands)

 

Currency Translation

 

 

Pension Plan and SERP Liability

 

 

Currency Translation

 

 

Pension Plan and SERP Liability

 

 

AOCI beginning period balance

 

$

(57,421

)

 

$

(31,328

)

 

$

(51,857

)

 

$

(32,105

)

 

Other comprehensive income (loss) before reclassifications

 

 

(122,251

)

 

 

 

 

 

29,610

 

 

 

 

 

Amounts reclassified from AOCI

 

 

 

 

 

666

 

 

 

 

 

 

728

 

 

Net current-period other comprehensive income (loss)

 

 

(122,251

)

 

 

666

 

 

 

29,610

 

 

 

728

 

 

AOCI end of period balance

 

$

(179,672

)

 

$

(30,662

)

 

$

(22,247

)

 

$

(31,377

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

2016

 

 

2015

 

 

(in thousands)

 

Currency Translation

 

 

Pension Plan and SERP Liability

 

 

Currency Translation

 

 

Pension Plan and SERP Liability

 

 

AOCI beginning period balance

 

$

(98,239

)

 

$

(31,994

)

 

$

(25,122

)

 

$

(32,769

)

 

Other comprehensive income (loss) before reclassifications

 

 

(81,433

)

 

 

 

 

 

2,875

 

 

 

 

 

Amounts reclassified from AOCI

 

 

 

 

 

1,332

 

 

 

 

 

 

1,392

 

 

Net current-period other comprehensive income (loss)

 

 

(81,433

)

 

 

1,332

 

 

 

2,875

 

 

 

1,392

 

 

AOCI end of period balance

 

$

(179,672

)

 

$

(30,662

)

 

$

(22,247

)

 

$

(31,377

)

 

 

Amounts reported in the table above are net of income tax.

Amounts reclassified to net earnings for Pension Plan and SERP liability adjustments relate to the amortization of actuarial losses. These amounts are included within selling, general and administrative in our condensed consolidated statements of operations and totaled $1.0 million and $1.2 million for the three months ended June 30, 2016 and June 30, 2015, respectively, and $2.0 million and $2.4 million for the six months ended June 30, 2016 and June 30, 2015, respectively (see Note 11 - Employee Benefit Plans).