Accumulated Other Comprehensive Income/(Loss) (Tables)

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income/(Loss) [Abstract]

Schedule of Accumulated Other Comprehensive Income

The table below presents changes in the components of AOCI for the period December 31, 2014 to March 31, 2015:

(in thousands)	Translation adjustments			Pension and postretirement liability adjustments			Derivative valuation adjustment			Total Other Comprehensive Income
December 31, 2014	$	(55,240	)	$	(51,666	)	$	(861	)	$	(107,767	)
Other comprehensive income before reclassifications		(37,413	)		1,730			(675	)		(36,358	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax								296			296
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax					257						257
Net current period other comprehensive income		(37,413	)		1,987			(379	)		(35,805	)
March 31, 2015	$	(92,653	)	$	(49,679	)	$	(1,240	)	$	(143,572	)

The table below presents changes in the components of AOCI for the period December 31, 2013 to March 31, 2014:

(in thousands)	Translation adjustments			Pension and postretirement liability adjustments			Derivative valuation adjustment			Total Other Comprehensive Income
December 31, 2013	$	(138	)	$	(48,383	)	$	(977	)	$	(49,498	)
Other comprehensive income before reclassifications		(5,599	)		371			(220	)		(5,448	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax								292			292
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax					131						131
Net current period other comprehensive income		(5,599	)		502			72			(5,025	)
March 31, 2014	$	(5,737	)	$	(47,881	)	$	(905	)	$	(54,523	)

Schedule of Accumulated Other Comprehensive Income Components Reclassified to Statement of Income

	Three months ended March 31,
(in thousands)	2015			2014
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Payments made on interest rate swaps included in Income before taxes(a)	$	486		$	478
Income tax effect		(190	)		(186	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$	296		$	292
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service cost/(credit)	$	(1,109	)	$	(1,109	)
Amortization of net actuarial loss		1,505			1,328
Total pretax amount reclassified (b)		396			219
Income tax effect		(139	)		(88	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$	257		$	131

(a)  Included in Interest expense. 

(b)  These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4).