Accumulated Other Comprehensive Income (AOCI) (Tables)

3 Months Ended

Mar. 31, 2016

Accumulated items of other comprehensive income:

Schedule of Accumulated Other Comprehensive Income

The table below presents changes in the components of AOCI for the period December 31, 2015 to March 31, 2016:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
December 31, 2015	($108,655	)	($48,725	)	($1,464	)	($158,844	)
Other comprehensive income/(loss) before reclassifications	13,114		(373	)	(1,768	)	10,973
Pension/postretirement plan remeasurements, net of tax	-		(105	)	-		(105	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	-		-		174		174
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	-		116		-		116
Net current period other comprehensive income/(loss)	13,114		(362	)	(1,594	)	11,158
March 31, 2016	($95,541	)	($49,087	)	($3,058	)	($147,686	)

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/(loss) 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/(loss)	(37,413	)	1,987		(379	)	(35,805	)
March 31, 2015	($92,653	)	($49,679	)	($1,240	)	($143,572	)

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

The table below presents the expense/(income) amounts reclassified, and the line items of the Consolidated Statements of Income that were affected for the periods ended March 31, 2016 and 2015.

	Three months ended March 31,
(in thousands)	2016		2015
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Payments made on interest rate swaps included in Income before taxes(a)	$281		$486
Income tax effect	(107	)	(190	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$174		$296
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service credit	($1,113	)	($1,109	)
Amortization of net actuarial loss	1,278		1,505
Total pretax amount reclassified (b)	165		396
Income tax effect	(49	)	(139	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$116		$257

(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).