Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is reported in our Condensed Consolidated Statements of Stockholders’ Equity.  Amounts included in accumulated other comprehensive loss, net of tax, were as follows:

	Unrecognized Net Defined Benefit Plan Costs			Change in Fair Value of Derivatives			Foreign Currency Translation			Total
	(Dollars in thousands)
Balance at December 31, 2015	$	(84,280	)	$	(988	)	$	(123,538	)	$	(208,806	)
Other comprehensive income before reclassifications	3,377			(271		)	6,863			9,969
Amounts reclassified from accumulated other     comprehensive loss	2,615			960			—			3,575
Other comprehensive income	5,992			689			6,863			13,544
Balance at September 30, 2016	$	(78,288	)	$	(299	)	$	(116,675	)	$	(195,262	)

The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the three and nine months ended September 30, 2016 were net (losses) of $(1.4) million and $(4.1) million, respectively, excluding an income tax benefit of $0.6 million and $1.5 million, respectively.  For the three and nine months ended September 30, 2016, these net (losses) consisted of $(2.1) million and $(6.0) million of amortization of net actuarial (losses) and $0.7 million and $1.9 million of amortization of net prior service credit, respectively. Amortization of net actuarial losses and net prior service credit is a component of net periodic benefit cost.  See Note 8 for further information.

The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three and nine months ended September 30, 2016 were net (losses) of $(0.3) million and $(1.5) million, respectively, excluding an income tax benefit of $0.1 million and $0.5 million, respectively.  For the three and nine months ended September 30, 2016, these net (losses) consisted of $(0.2) million and $(0.7) million, respectively, related to our interest rate swap agreements which were recorded in interest and other debt expense in our Condensed Consolidated Statements of Income and $(0.1) million and $(0.8) million, respectively, related to our natural gas swap agreements which were recorded in cost of goods sold in our Condensed Consolidated Statements of Income. See Note 6 for further information.

Other comprehensive income before reclassifications related to foreign currency translation for the three and nine months ended September 30, 2016 included (i) foreign currency gains related to translation of quarter-end financial statements of foreign subsidiaries utilizing a functional currency other than the U.S. dollar of $4.8 million and $13.8 million, respectively, (ii) foreign currency (losses) related to intra-entity foreign currency transactions that are of a long-term investment nature of $(0.5) million and $(2.3) million, respectively, and (iii) foreign currency (losses) related to our net investment hedges of $(2.6) million and $(7.4) million, respectively, excluding an income tax benefit of $1.0 million and $2.8 million. See Note 6 for further discussion.