Accumulated Other Comprehensive Income/(Loss)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income/(Loss) [Abstract]

Accumulated Other Comprehensive Income/(Loss)

9. Accumulated Other Comprehensive Income/(Loss)

The table below presents changes in the components of AOCI for the period December 31, 2014 to June 30, 2015:

(in thousands)	Translation adjustments			Pension and postretirement liability adjustments			Derivative valuation adjustment			Total Other Comprehensive Income/(loss)
December 31, 2014	$	(55,240	)	$	(51,666	)	$	(861	)	$	(107,767	)
Other comprehensive income/(loss) before reclassifications		(26,023	)		1,125			(744	)		(25,642	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax								581			581
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax					485						485
Net current period other comprehensive income/(loss)		(26,023	)		1,610			(163	)		(24,576	)
June 30, 2015	$	(81,263	)	$	(50,056	)	$	(1,024	)	$	(132,343	)

The table below presents changes in the components of AOCI for the period December 31, 2013 to June 30, 2014:

(in thousands)	Translation adjustments			Pension and postretirement liability adjustments			Derivative valuation adjustment			Total Other Comprehensive Income/(loss)
December 31, 2013	$	(138	)	$	(48,383	)	$	(977	)	$	(49,498	)
Other comprehensive income/(loss) before reclassifications		(1,838	)		(102	)		(802	)		(2,742	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax								580			580
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax					280						280
Net current period other comprehensive income/(loss)		(1,838	)		178			(222	)		(1,882	)
June 30, 2014	$	(1,976	)	$	(48,205	)	$	(1,199	)	$	(51,380	)

The table below presents the expense/(income) amounts reclassified, and the line items of the Statement of Income that were affected for the periods June 30, 2015 and 2014.

	Three months ended June 30,						Six months ended June 30,
(in thousands)	2015			2014			2015			2014
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income/(loss):
Payments made on interest rate swaps included in Income before taxes(a)	$	467		$	473		$	953		$	951
Income tax effect		(182	)		(184	)		(372	)		(371	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income/(loss)	$	285		$	289		$	581		$	580
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income/(loss):
Amortization of prior service cost/(credit)	$	(1,111	)	$	(1,108	)	$	(2,220	)	$	(2,217	)
Amortization of net actuarial loss		1,461			1,355			2,966			2,683
Total pretax amount reclassified (b)		350			247			746			466
Income tax effect		(122	)		(98	)		(261	)		(186	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income/(loss)		228			149			485			280

(a)  Included in Interest expense.

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