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Comprehensive Income
3 Months Ended
Mar. 31, 2017
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest [Abstract]  
Comprehensive Income

15.

Comprehensive Income

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

 

 

 

Three months ended March 31, 2017

 

(in thousands)

 

Foreign Currency Translation

 

Pension Plan and SERP Liability

 

Total Accumulated Other Comprehensive (Loss) Income

 

Beginning period balance

 

$

(324,708

)

$

(38,993

)

$

(363,701

)

Other comprehensive (loss) before reclassifications

 

 

66,457

 

 

 

 

66,457

 

Amounts reclassified from AOCI

 

 

 

 

873

 

 

873

 

Net current-period other comprehensive (loss)

 

 

66,457

 

 

873

 

 

67,330

 

Ending period balance

 

$

(258,251

)

$

(38,120

)

$

(296,371

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2016

 

(in thousands)

 

Foreign Currency Translation

 

Pension Plan and SERP Liability

 

Total Accumulated Other Comprehensive (Loss) Income

 

Beginning period balance

 

$

(98,239

)

$

(31,994

)

$

(130,233

)

Other comprehensive (loss) income before reclassifications

 

 

40,818

 

 

 

 

40,818

 

Amounts reclassified from AOCI

 

 

 

 

666

 

 

666

 

Net current-period other comprehensive (loss) income

 

 

40,818

 

 

666

 

 

41,484

 

Ending period balance

 

$

(57,421

)

$

(31,328

)

$

(88,749

)

 

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 $1.4 million and $1.0 million for the three months ended March 31, 2017 and March 31, 2016, respectively (see Note 10 - Employee Benefit Plans).