Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2016

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

8.    Accumulated Other Comprehensive Income (Loss)

The changes in the components of accumulated other comprehensive income (loss), net of tax, are as follows:

							Total
	Foreign		Defined				Accumulated
	Currency		Benefit				Other
	Translation		Pension Plan				Comprehensive
	Adjustments		Adjustments		Derivatives		Income (Loss)
Balance as of December 31, 2015, net of tax	$	(11,070)	$	(30,474)	$	(86)	$	(41,630)
Other comprehensive income (loss) before reclassifications		(595)		289		(759)		(1,065)
Amounts reclassified from other comprehensive income (loss)		—		2,002		70		2,072
Net current period other comprehensive income (loss)		(595)		2,291		(689)		1,007
Balance as of September 30, 2016, net of tax	$	(11,665)	$	(28,183)	$	(775)	$	(40,623)

							Total
	Foreign		Defined				Accumulated
	Currency		Benefit				Other
	Translation		Pension Plan				Comprehensive
	Adjustments		Adjustments		Derivatives		Income (Loss)
Balance as of December 31, 2014, net of tax	$	1,943	$	(30,358)	$	905	$	(27,510)
Other comprehensive income (loss) before reclassifications		(9,462)		103		(2)		(9,361)
Amounts reclassified from other comprehensive income (loss)		—		1,357		(675)		682
Net current period other comprehensive income (loss)		(9,462)		1,460		(677)		(8,679)
Balance as of September 30, 2015, net of tax	$	(7,519)	$	(28,898)	$	228	$	(36,189)

	Amount Reclassified from
Details about Accumulated	Accumulated Other Comprehensive Income (Loss) (1)								Affected Line Item in the
Other Comprehensive	Three Months Ended September 30,				Nine Months Ended September 30,				Statement where
Income (Loss) Components	2016		2015		2016		2015		Net Income is Presented
Defined Benefit Pension Plan Adjustments:
Prior-service costs	$	—	$	(4)	$	—	$	(11)	(2)
Actuarial losses		(1,566)		(700)		(3,187)		(2,079)	(2)
		(1,566)		(704)		(3,187)		(2,090)	Total before tax
		586		246		1,185		733	Tax benefit
	$	(980)	$	(458)	$	(2,002)	$	(1,357)	Net of tax
Derivatives:
Foreign exchange contracts	$	(153)	$	600	$	281	$	1,668	Cost of products sold (excluding depreciationandamortization)
Natural gas contracts		183		(292)		(407)		(696)	Cost of products sold (excluding depreciationandamortization)
		30		308		(126)		972	Total before tax
		(22)		(92)		56		(297)	Tax benefit (expense)
	$	8	$	216	$	(70)	$	675	Net of tax
Total reclassifications for the period	$	(972)	$	(242)	$	(2,072)	$	(682)	Net of tax

(1) Amounts in parentheses indicate debits to income/loss.

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

Foreign currency translation adjustments exclude income tax 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 benefit associated with ASC 715 “Compensation – Retirement Benefits” included in accumulated other comprehensive loss was $15.8 million and $17.1 million as of September 30, 2016 and December 31, 2015, respectively.  The income tax benefit associated with the Company’s derivatives included in accumulated other comprehensive income (loss) was $0.4 million and $0.1 million as of September 30, 2016 and December 31, 2015, respectively.

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Defined benefit pension plan	$	586	$	246	$	1,185	$	733
Derivatives		42		(282)		(271)		(324)