Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2013

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

5. Accumulated Other Comprehensive Income (Loss)

The following table provides details on the changes in the balances of each component of accumulated other comprehensive loss, net of tax, at September 30, 2013:

	Foreign									Accumulated
	Currency			Pension						Other
	Translation			Benefit						Comprehensive
(Dollars in thousands)	Adjustments			Adjustments			Derivatives			Income (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	)
Other comprehensive income (loss) before reclassifications	2,834			(66		)	15			719
Amounts reclassified from other comprehensive income (loss)	(2,064		)	1,779			(30		)	1,749
Net current-period other comprehensive income (loss)	770			1,713			(15		)	2,468
Balance at June 30, 2013	$	11,580		$	(32,383	)	$	652		$	(20,151	)
Other comprehensive income (loss) before reclassifications	4,551			(184		)	(244		)	4,123
Amounts reclassified from other comprehensive income (loss)	—			608			(147		)	461
Net current-period other comprehensive income (loss)	4,551			424			(391		)	4,584
Balance at September 30, 2013	$	16,131		$	(31,959	)	$	261		$	(15,567	)

The following tables provide details on amounts reclassified out of each component of accumulated other comprehensive (income) loss for the three and nine month periods ended September 30, 2013:

	Three Months Ended
	September 30, 2013
	Amount Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive (Income) Loss Components	Comprehensive Loss (1)			Where Net Income is Presented
Derivatives (Note 7)
Foreign Exchange Contracts	$	339		Cost of products sold (excluding depreciation)
Natural Gas Contracts	(70		)	Cost of products sold (excluding depreciation)
	269			Total before tax
	(122		)	Tax (expense) or benefit
	$	147		Net of tax
Pension Benefit Adjustments (Note 11)
Prior-service costs	$	(18	)	(2)
Actuarial losses	(962		)	(2)
	(980		)	Total before tax
	372			Tax (expense) or benefit
	$	(608	)	Net of tax
Foreign Currency Translation Adjustments
Sale of foreign subsidiary (Note 1)	$	—		Restructuring (3)
	—			Total before tax
	—			Tax (expense) or benefit
	$	—		Net of tax
Total reclassifications for the period	$	(461	)	Net of tax

	Nine Months Ended
	September 30, 2013
	Amount Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive (Income) Loss Components	Comprehensive Loss (1)			Where Net Income is Presented
Derivatives (Note 7)
Foreign Exchange Contracts	$	769		Cost of products sold (excluding depreciation)
Natural Gas Contracts	(476		)	Cost of products sold (excluding depreciation)
	293			Total before tax
	(141		)	Tax (expense) or benefit
	$	152		Net of tax
Pension Benefit Adjustments (Note 11)
Prior-service costs	$	(56	)	(2)
Actuarial losses	(2,882		)	(2)
	(2,938		)	Total before tax
	1,110			Tax (expense) or benefit
	$	(1,828	)	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	$	(644	)	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 $18.9 million and $20.0 million at September 30, 2013 and December 31, 2012, respectively.  The income tax benefit associated with the Company’s derivatives included in accumulated other comprehensive loss was $(0.2) million and $(29) thousand at September 30, 2013 and December 31, 2012, respectively.

The following table contains the components of income tax (expense) benefit included in other comprehensive income (loss):

	Foreign Currency Translation				Pension Benefits						Derivatives
	Three Months		Nine Months		Three Months			Nine Months			Three Months		Nine Months
(Dollars in millions)	Ended		Ended		Ended			Ended			Ended		Ended
September 30, 2013	$	0.3	$	0.2	$	(0.4	)	$	(1.1	)	$	0.2	$	(0.2	)
September 30, 2012	$	0.2	$	—	$	—		$	0.7		$	—	$	(0.4	)