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Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Comprehensive Income (Loss)
The difference between comprehensive income and net income was due to foreign currency translation adjustments and pension and other post-retirement benefit adjustments, as summarized below.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands)
 
(in thousands)
Net income
$
185,326

 
$
188,016

 
$
534,720

 
$
544,399

Other comprehensive income (loss):
 
 
 
 
 
 
 
Foreign currency translation
11,896

 
(110,874
)
 
50,840

 
(211,868
)
Pension and other post-retirement benefit adjustments:
 
 
 
 
 
 
 
Recognition of prior service credit, net of tax
(222
)
 
(240
)
 
(666
)
 
(721
)
Recognition of actuarial loss, net of tax
4,981

 
6,029

 
14,934

 
18,214

Total other comprehensive income (loss)
16,655

 
(105,085
)
 
65,108

 
(194,375
)
Comprehensive income
$
201,981

 
$
82,931

 
$
599,828

 
$
350,024
Changes in Accumulated Other Comprehensive Income (Loss)
The following tables present the changes in accumulated other comprehensive loss by component for the nine months ended September 30:
 
 
2016
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and
Other Post-
Retirement
Benefits
 
Foreign
Currency
Translation
 
Total
 
(in thousands)
Beginning balance, January 1
$
(535,634
)
 
$
(394,984
)
 
$
(930,618
)
Other comprehensive income before reclassifications, net of tax
—

 
50,840

 
50,840

Amounts reclassified from accumulated other comprehensive loss, net of tax
14,268

 
—

 
14,268

Net current period other comprehensive income
14,268

 
50,840

 
65,108

Ending balance, September 30
$
(521,366
)
 
$
(344,144
)
 
$
(865,510
)
 
2015
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and
Other Post-
Retirement
Benefits
 
Foreign
Currency
Translation
 
Total
 
(in thousands)
Beginning balance, January 1
$
(533,213
)
 
$
(186,998
)
 
$
(720,211
)
Other comprehensive loss before reclassifications, net of tax
—

 
(211,868
)
 
(211,868
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
17,493

 
—

 
17,493

Net current period other comprehensive income (loss)
17,493

 
(211,868
)
 
(194,375
)
Ending balance, September 30
$
(515,720
)
 
$
(398,866
)
 
$
(914,586
)