Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

5. Accumulated Other Comprehensive Loss

The following table provides details on the changes in the balances of each component of accumulated other comprehensive loss, net of tax, for the period ended March 31, 2013:

	Foreign								Accumulated
	Currency			Pension					Other
	Translation			Benefit					Comprehensive
(Dollars in thousands)	Adjustments			Adjustments			Derivatives		Loss
Balance at December 31, 2012	$	17,098		$	(33,718	)	$	93	$	(16,527	)
Other comprehensive income (loss) before reclassifications	(7,320		)	181			549		(6,590		)
Amounts reclassified from other comprehensive income (loss)	1,032			(559		)	25		498
Net current-period other comprehensive income (loss)	(6,288		)	(378		)	574		(6,092		)
Balance at March 31, 2013	$	10,810		$	(34,096	)	$	667	$	(22,619	)

The following table provides details on amounts reclassified out of each component of accumulated other comprehensive loss for the period ended March 31, 2013:

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss (1)			Where Net Income is Presented
Derivatives (Note 7)
Foreign Exchange Contracts	$	(170	)	Cost of products sold (excluding depreciation)
Natural Gas Contracts	214			Cost of products sold (excluding depreciation)
	44			Total before tax
	(19		)	Tax expense
	$	25		Net of tax
Pension Benefit Adjustments (Note 11)
Prior-service costs	$	(19	)	(2)
Actuarial losses	(885		)	(2)
	(904)			Total before tax
	345			Tax benefit
	$	(559	)	Net of tax
Foreign Currency Translation Adjustments
Sale of foreign subsidiary (Note 1)	$	1,032		Restructuring (3)
	1,032			Total before tax
	—			Tax (expense) or benefit
	$	1,032		Net of tax
Total reclassifications for the period	$	498		Net of tax

(1)   Amounts in parentheses indicate reductions to income/increases to losses.

(2)   These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.

(3)   The adjustment for 2013 relates to the Company’s sale of its activated carbon manufacturing facility in Datong, China.

Foreign currency translation adjustments exclude income tax expense (benefit) for the earnings of the Company’s non-U.S. subsidiaries as management believes these earnings will be reinvested for an indefinite period of time.  Determination of the amount of unrecognized deferred U.S. income tax liability on these unremitted earnings is not practicable.

The income tax expense associated with the Company’s pension benefits included in accumulated other comprehensive loss was $20.3 million and $20.0 million at March 31, 2013 and December 31, 2012, respectively.  The income tax benefit associated with the Company’s derivatives included in accumulated other comprehensive loss was $(0.4) million and $(29) thousand at March 31, 2013 and December 31, 2012, respectively.

The income tax expense (benefit) associated with foreign currency translation included in other comprehensive loss was $0.2 million and $(0.1) million, for the three months ended March 31, 2013 and 2012, respectively. The income tax expense (benefit) associated with the Company’s pension benefits included in other comprehensive loss was $(0.3) million and $(0.3) million for the three months ended March 31, 2013 and 2012, respectively. The income tax expense (benefit) associated with the Company’s derivatives included in other comprehensive loss was $0.4 million and $0.1 million for the three months ended March 31, 2013 and 2012, respectively.