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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of estimated useful lives of the assets

The Company provides for depreciation and amortization on the basis of the straight-line method over the estimated useful lives of the assets as follows:

 

Buildings

20 to 40 years

Machinery and Equipment

3 to 10 years

Leasehold Improvements

5 to 10 years

 

The balances in the Company's accumulated other comprehensive income (loss)

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) and are as follows:

 

 

 

Foreign

Currency

 

 

Defined Benefit

Pension Plans

 

 

Total

 

Balance at January 1, 2014

 

$

3,493

 

 

$

(1,066

)

 

$

2,427

 

Other comprehensive income (loss) before reclassifications

 

 

(13,318

)

 

 

(826

)

 

 

(14,144

)

Amounts reclassified from accumulated other comprehensive income, net of tax of ($16) (1)

 

 

 

 

 

29

 

 

 

29

 

Net current-period other comprehensive income (loss)

 

 

(13,318

)

 

 

(797

)

 

 

(14,115

)

Balance at December 31, 2014

 

 

(9,825

)

 

 

(1,863

)

 

 

(11,688

)

Other comprehensive income (loss) before reclassifications

 

 

(17,131

)

 

 

144

 

 

 

(16,987

)

Amounts reclassified from accumulated other comprehensive income, net of tax of ($32) (1)

 

 

(10,491

)

 

 

56

 

 

 

(10,435

)

Net current-period other comprehensive income (loss)

 

 

(27,622

)

 

 

200

 

 

 

(27,422

)

Balance at December 31, 2015

 

 

(37,447

)

 

 

(1,663

)

 

 

(39,110

)

Other comprehensive income (loss) before reclassifications

 

 

5,105

 

 

 

(222

)

 

 

4,883

 

Amounts reclassified from accumulated other comprehensive income, net of tax of ($30) (1)

 

 

 

 

 

53

 

 

 

53

 

Net current-period other comprehensive income (loss)

 

 

5,105

 

 

 

(169

)

 

 

4,936

 

Balance at December 31, 2016

 

$

(32,342

)

 

$

(1,832

)

 

$

(34,174

)

 

(1)

The accumulated other comprehensive income (loss) components related to defined benefit pension plans are included in the computation of net periodic pension cost. (See Note 13-Retirement Plans for additional details.) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.