Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2017

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, 2016, net of tax	$	(22,026)	$	(32,373)	$	800	$	(53,599)
Other comprehensive income (loss) before reclassifications		11,891		(494)		(1,216)		10,181
Amounts reclassified from other comprehensive income (loss)		—		1,086		(52)		1,034
Net current period other comprehensive income (loss)		11,891		592		(1,268)		11,215
Balance as of June 30, 2017, net of tax	$	(10,135)	$	(31,781)	$	(468)	$	(42,384)

							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		(311)		241		(867)		(937)
Amounts reclassified from other comprehensive income (loss)		—		1,022		78		1,100
Net current period other comprehensive income (loss)		(311)		1,263		(789)		163
Balance as of June 30, 2016, net of tax	$	(11,381)	$	(29,211)	$	(875)	$	(41,467)

	Amount Reclassified from
Details about Accumulated	Accumulated Other Comprehensive Income (Loss) (1)								Affected Line Item in the
Other Comprehensive	Three Months Ended June 30,				Six Months Ended June 30,				Statement where
Income (Loss) Components	2017		2016		2017		2016		Net Income is Presented
Defined Benefit Pension Plan Adjustments:
Prior service credit	$	2	$	—	$	4	$	—	(2)
Actuarial losses		(858)		(779)		(1,711)		(1,621)	(2)
		(856)		(779)		(1,707)		(1,621)	Total before tax
		312		298		621		599	Tax benefit
		(544)		(481)		(1,086)		(1,022)	Net of tax
Derivatives:
Foreign exchange contracts		66		153		143		434	Cost of products sold (excluding depreciation and amortization)
Natural gas contracts		15		(315)		27		(590)	Cost of products sold (excluding depreciation and amortization)
Interest rate swap contract		(92)		—		(92)		—	Interest expense
		(11)		(162)		78		(156)	Total before tax
		5		80		(26)		78	Tax benefit (expense)
		(6)		(82)		52		(78)	Net of tax
Total reclassifications for the period	$	(550)	$	(563)	$	(1,034)	$	(1,100)	Net of tax

(1) Amounts in parentheses indicate expenses.

(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 $17.2 million and $17.7 million as of June 30, 2017 and December 31, 2016, respectively.  The income tax (benefit) expense associated with the Company’s derivatives included in accumulated other comprehensive income (loss) was $(0.3) million and $0.4 million as of June 30, 2017 and December 31, 2016, respectively.

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Defined benefit pension plan	$	307	$	298	$	621	$	599
Derivatives		(441)		112		(712)		(313)