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Other Comprehensive Earnings (Tables)
6 Months Ended
Jun. 30, 2017
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of other comprehensive income
The amounts recognized in other comprehensive earnings (loss) were as follows:
 
Three Months Ended
 
Three Months Ended
 
June 30, 2017
 
June 30, 2016
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
13,812

 
$
12,362

 
$
26,174

 
$
(40,417
)
 
$
(1,575
)
 
$
(41,992
)
Pension and other post-retirement benefit plans
3,021

 
(966
)
 
2,055

 
3,701

 
(1,245
)
 
2,456

Changes in fair value of cash flow hedges
(2,642
)
 
925

 
(1,717
)
 
78

 
(27
)
 
51

Other
(657
)
 
79

 
(578
)
 
(507
)
 
59

 
(448
)
Total other comprehensive earnings (loss)
$
13,534

 
$
12,400

 
$
25,934

 
$
(37,145
)
 
$
(2,788
)
 
$
(39,933
)


 
Six Months Ended
 
Six Months Ended
 
June 30, 2017
 
June 30, 2016
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Foreign currency translation adjustments
$
46,902

 
$
23,044

 
$
69,946

 
$
(33,806
)
 
$
583

 
$
(33,223
)
Pension and other post-retirement benefit plans
6,022

 
(1,927
)
 
4,095

 
7,392

 
(2,486
)
 
4,906

Changes in fair value of cash flow hedges
(2,855
)
 
999

 
(1,856
)
 
(69
)
 
24

 
(45
)
Other
(274
)
 
33

 
(241
)
 
1,584

 
(192
)
 
1,392

Total other comprehensive earnings (loss)
$
49,795

 
$
22,149

 
$
71,944

 
$
(24,899
)
 
$
(2,071
)
 
$
(26,970
)
Schedule of comprehensive income (loss)
Total comprehensive earnings were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net earnings
$
164,058

 
$
118,290

 
$
336,305

 
$
217,646

Other comprehensive earnings (loss)
25,934

 
(39,933
)
 
71,944

 
(26,970
)
Comprehensive earnings
$
189,992

 
$
78,357

 
$
408,249

 
$
190,676

Schedule of amounts reclassified from accumulated other comprehensive income (loss) to earnings
Amounts reclassified from accumulated other comprehensive (loss) to earnings during the three and six months ended June 30, 2017 and 2016 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017

2016
Foreign currency translation:
 
 
 
 
 
 
 
Reclassification of foreign currency translation losses to earnings from sale of a subsidiary
$

 
$

 
$
3,875

 
$

Tax benefit



 

 

Net of tax
$

 
$

 
$
3,875

 
$

Pension and other postretirement benefit plans:
 
 
 
 
 
 
 
Amortization of actuarial losses
$
1,921

 
$
2,087

 
$
3,820

 
$
4,163

Amortization of prior service costs
1,100

 
1,614

 
2,202

 
3,229

Total before tax
3,021

 
3,701

 
6,022

 
7,392

Tax benefit
(966
)
 
(1,245
)
 
(1,927
)
 
(2,486
)
Net of tax
$
2,055

 
$
2,456

 
$
4,095

 
$
4,906

Cash flow hedges:
 
 
 
 
 
 
 
Net losses (gains) reclassified into earnings
$
245

 
$
328

 
$
(89
)
 
$
256

Tax (expense) benefit
(86
)
 
(115
)
 
31

 
(90
)
Net of tax
$
159

 
$
213

 
$
(58
)
 
$
166