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ACCUMULATED OTHER COMPREHENSIVE LOSS
9 Months Ended
Sep. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of accumulated other comprehensive loss as of September 30, 2017 were as follows:
 
Foreign Currency Translation
 
Actuarial (Loss) Gain on Post-retirement Benefits
 
Deferred Gain (Loss) - Hedging
 
Other
 
Accumulated Other Comprehensive Loss
Balance at January 1, 2017
$
(24.0
)
 
$
(224.4
)
 
$
(3.0
)
 
$
(0.3
)
 
$
(251.7
)
Currency translation adjustment, net of tax of $1.5 million
5.3

 

 

 

 
5.3

Amortization of pension related costs, net of tax of $1.3 million(a)     

 
6.1

 

 

 
6.1

Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax benefit of $1.1 million(b)   

 

 
1.8

 

 
1.8

Curtailment gain, net of tax of $0.3 million(c)

 
2.6

 

 

 
2.6

Other comprehensive income
$
5.3

 
$
8.7

 
$
1.8

 
$

 
$
15.8

Balance at September 30, 2017
$
(18.7
)
 
$
(215.7
)
 
$
(1.2
)
 
$
(0.3
)
 
$
(235.9
)

(a) 
Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 11, “Pension and Post-retirement Benefits,” for further discussion of the Company’s pension and other post-retirement plans.
(b)  
See Note 10, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap.
(c)  
As a result of the Elizabeth Arden Acquisition, the Company recognized $2.6 million in curtailment gains related to a foreign non-qualified defined benefit plan of Elizabeth Arden.
As shown above, other comprehensive income includes changes in the fair value of the 2013 Interest Rate Swap prior to de-designation. Following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings as of September 30, 2017:
 
 
2013
Interest Rate Swap
Beginning accumulated losses at June 30, 2017
 
$
(1.8
)
Reclassifications into earnings (net of $0.4 million tax benefit)(a)    
 
0.6

Ending accumulated losses at September 30, 2017
 
$
(1.2
)
 
 
2013
Interest Rate Swap
Beginning accumulated losses at December 31, 2016
 
$
(3.0
)
Reclassifications into earnings (net of $1.1 million tax benefit)(a)
 
1.8

Ending accumulated losses at September 30, 2017
 
$
(1.2
)

(a) 
Reclassified to interest expense.

Following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings as of September 30, 2016:
 
 
2013
Interest Rate Swap
Beginning accumulated losses at June 30, 2016
 
$
(4.5
)
Reclassifications into earnings (net of $0.4 million tax benefit)(a)
 
0.7

Change in fair value (net of $0.1 million tax benefit)
 
0.1

Ending accumulated losses at September 30, 2016
 
$
(3.7
)
 
 
2013
Interest Rate Swap
Beginning accumulated losses at December 31, 2015
 
$
(3.8
)
Reclassifications into earnings (net of $1.2 million tax expense)(a)
 
2.0

Change in fair value (net of $1.1 million tax benefit)
 
(1.9
)
Ending accumulated losses at September 30, 2016
 
$
(3.7
)
(a) 
Reclassified to interest expense.