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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Net Change and Ending Balances for Various Components of 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

)

Line Items Affected on Condensed Consolidated Statements of Operations for Components Reclassified from Accumulated Other Comprehensive Loss 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).

 

 

 

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

)