Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income

6. ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table sets forth details of the changes in accumulated other comprehensive income (losses) for the three months and nine months ended September 30, 2015 and 2014.

in thousands	Currency translation adjustments			Unrealized gain (loss) on cash flow hedges			Change in pensions			Change in other postretirement defined benefit plans			Total
Balance at July 1, 2015	$	(58,857	)	$	2,621		$	(114,076	)	$	(2,756	)	$	(173,068	)
Other comprehensive income before reclassifications (net of tax)		(3,262	)		(1,381	)		—			—			(4,643	)
Amounts reclassified from accumulated other comprehensive income (net of tax)		—			(1,442	)		3,090			(7	)		1,641
Net current period other comprehensive income (loss)		(3,262	)		(2,823	)		3,090			(7	)		(3,002	)
Balance at September 30, 2015	$	(62,119	)	$	(202	)	$	(110,986	)	$	(2,763	)	$	(176,070	)
Balance at July 1, 2014	$	15,336		$	60		$	(84,822	)	$	60		$	(69,366	)
Other comprehensive income before reclassifications (net of tax)		(33,450	)		1,379			—			—			(32,071	)
Amounts reclassified from accumulated other comprehensive income (net of tax)		—			96			2,363			35			2,494
Net current period other comprehensive income (loss)		(33,450	)		1,475			2,363			35			(29,577	)
Balance at September 30, 2014	$	(18,114	)	$	1,535		$	(82,459	)	$	95		$	(98,943	)

in thousands	Currency translation adjustments			Unrealized gain (loss) on cash flow hedges			Change in pensions			Change in other postretirement defined benefit plans			Total
Balance at January 1, 2015	$	(34,224	)	$	2,356		$	(120,260	)	$	(2,742	)	$	(154,870	)
Other comprehensive income before reclassifications (net of tax)		(27,895	)		793			—			—			(27,102	)
Amounts reclassified from accumulated other comprehensive income (net of tax)		—			(3,351	)		9,274			(21	)		5,902
Net current period other comprehensive income (loss)		(27,895	)	$	(2,558	)		9,274			(21	)		(21,200	)
Balance at September 30, 2015	$	(62,119	)	$	(202	)	$	(110,986	)	$	(2,763	)	$	(176,070	)
Balance at January 1, 2014	$	15,141		$	(941	)	$	(89,547	)	$	(10	)	$	(75,357	)
Other comprehensive income before reclassifications (net of tax)		(33,255	)		1,594			—			—			(31,661	)
Amounts reclassified from accumulated other comprehensive income (net of tax)		—			882			7,088			105			8,075
Net current period other comprehensive income (loss)		(33,255	)		2,476			7,088			105			(23,586	)
Balance at September 30, 2014	$	(18,114	)	$	1,535		$	(82,459	)	$	95		$	(98,943	)

Reclassifications out of accumulated other comprehensive income were as follows:

	Three months ended September 30						Nine months ended September 30
In thousands	2015			2014			2015			2014
Description													Line Item in Statements of Income
Cash flow hedges (Note 15)
(Gains) losses on cash flow hedges	$	(1,972	)	$	137		$	(4,595	)	$	1,227		Costs of products sold
Tax (benefit) expense		530			(41	)		1,244			(345	)	Income tax provision
Net of tax		(1,442	)		96			(3,351	)		882
Retirement plan obligations (Note 9)
Amortization of deferred benefit pension plan items
Prior service costs		571			621			1,713			1,864		Costs of products sold
		189			206			568			618		Selling, general and administrative
Actuarial losses		3,144			2,215			9,432			6,644		Costs of products sold
		1,082			762			3,247			2,287		Selling, general and administrative
		4,986			3,804			14,960			11,413
Tax benefit		(1,896	)		(1,441	)		(5,686	)		(4,325	)	Income tax provision
Net of tax		3,090			2,363			9,274			7,088
Amortization of deferred benefit other plan items
Prior service costs		(58	)		(59	)		(173	)		(178	)	Costs of products sold
		(12	)		(13	)		(37	)		(38	)	Selling, general and administrative
Actuarial losses		48			106			142			319		Costs of products sold
		10			23			31			68		Selling, general and administrative
		(12	)		57			(37	)		171
Tax benefit		5			(22	)		16			(66	)	Income tax provision
Net of tax		(7	)		35			(21	)		105
Total reclassifications, net of tax	$	1,641		$	2,494		$	5,902		$	8,075