Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2019

10.	Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the three months ended March 31, 2019, and 2018, is summarized below. All amounts are net of tax, where applicable.

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2019	$	(18,642	)	$	(30,902	)	$	(64	)	$	(49,608	)
Net Change		449			4,310			387			5,146
Balance at March 31, 2019	$	(18,193	)	$	(26,592	)	$	323		$	(44,462	)

Balance at January 1, 2018	$	(11,932	)	$	(34,196	)	$	739		$	(45,389	)
Net Change		2,498			(283	)		(524	)		1,691
Balance at March 31, 2018	$	(9,434	)	$	(34,479	)	$	215		$	(43,698	)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net income (loss). There was no income tax benefit or expense associated with the various components of other comprehensive income (loss) for either of the periods, due to the Corporation having a valuation allowance recorded against its deferred income tax assets for the jurisdiction where the expense is recognized. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended March 31,
	2019			2018
Amortization of unrecognized employee benefit costs:
Other income	$	161		$	130
Income tax provision		0			0
Net of tax	$	161		$	130
Realized gains/losses from settlement of cash flow hedges:
Depreciation and amortization (foreign currency purchase contracts)	$	(7	)	$	(7	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		126			(202	)
Total before income tax		119			(209	)
Income tax provision		0			0
Net of tax	$	119		$	(209	)