Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Other Comprehensive Income (Loss)

Other 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 March 31,
	2017			2016
	(in thousands)
Net income	$	160,160		$	158,025
Other comprehensive income (loss):
Foreign currency translation	57,020			63,366
Pension and other post-retirement benefit adjustments:
Recognition of prior service credit, net of tax	(212		)	(222		)
Recognition of actuarial loss, net of tax	5,944			4,955
Total other comprehensive income (loss)	62,752			68,099
Comprehensive income	$	222,912		$	226,124

The following tables present the changes in accumulated other comprehensive loss by component for the three months ended March 31:

	2017
	Changes in Accumulated Other Comprehensive Loss by Component
	Pension and Other Post- Retirement Benefits			Foreign Currency Translation			Total
	(in thousands)
Beginning balance, January 1	$	(609,080	)	$	(403,941	)	$	(1,013,021	)
Other comprehensive income before reclassifications, net of tax	—			57,020			57,020
Amounts reclassified from accumulated other comprehensive loss, net of tax	5,732			—			5,732
Net current period other comprehensive income	5,732			57,020			62,752
Ending balance, March 31	$	(603,348	)	$	(346,921	)	$	(950,269	)

	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	—			63,366			63,366
Amounts reclassified from accumulated other comprehensive loss, net of tax	4,733			—			4,733
Net current period other comprehensive income	4,733			63,366			68,099
Ending balance, March 31	$	(530,901	)	$	(331,618	)	$	(862,519	)

The accumulated other comprehensive loss components related to the pension benefits are included in the computation of net periodic benefit income in the employee benefit plans footnote.