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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss, net of tax, is as follows:
Three months ended September 30, 2017
(dollars in thousands)
 
Foreign Currency Translation
 
Derivative Instruments
 
Pension and Other Post-retirement Benefits
 
Accumulated Other
Comprehensive Loss
Balance June 30, 2017
 
$
(20,831
)
 
$
(913
)
 
$
(93,404
)
 
$
(115,148
)
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
3,477

 
93

 

 
3,570

Currency impact
 

 

 
110

 
110

 
 
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
    Amortization of actuarial loss (1)
 

 

 
1,386

 
1,386

    Amortization of prior service cost (credit) (1)
 

 

 
(45
)
 
(45
)
    Cost of sales
 

 
76

 

 
76

    Interest expense
 

 
358

 

 
358

Current-period other comprehensive income (loss)
 
3,477

 
527

 
1,451

 
5,455

Tax effect
 
(827
)
 
70

 
(29
)
 
(786
)
Balance on September 30, 2017
 
$
(18,181
)
 
$
(316
)
 
$
(91,982
)
 
$
(110,479
)
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2017
(dollars in thousands)
 
Foreign Currency Translation
 
Derivative Instruments
 
Pension and Other Post-retirement Benefits
 
Accumulated Other
Comprehensive Loss
Balance on December 31, 2016
 
$
(27,828
)
 
$
(515
)
 
$
(96,854
)
 
$
(125,197
)
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
10,474

 
(1,031
)
 
4,801

 
14,244

Currency impact
 

 

 
(628
)
 
(628
)
 
 
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
    Amortization of actuarial loss (1)
 

 

 
4,138

 
4,138

    Amortization of prior service cost (credit) (1)
 

 

 
(127
)
 
(127
)
    Cost of sales
 

 
(81
)
 

 
(81
)
    Interest expense
 

 
1,415

 

 
1,415

Current-period other comprehensive income (loss)
 
10,474

 
303

 
8,184

 
18,961

Tax effect
 
(827
)
 
(104
)
 
(3,312
)
 
(4,243
)
Balance on September 30, 2017
 
$
(18,181
)
 
$
(316
)
 
$
(91,982
)
 
$
(110,479
)

Three months ended September 30, 2016
(dollars in thousands)
 
Foreign Currency Translation
 
Derivative Instruments
 
Pension and Other Post-retirement Benefits
 
Accumulated Other
Comprehensive Loss
Balance on June 30, 2016
 
$
(22,587
)
 
$
(3,561
)
 
$
(91,432
)
 
$
(117,580
)
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
407

 
(29
)
 

 
378

Currency impact
 

 

 
(31
)
 
(31
)
 
 
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
    Amortization of actuarial loss (1)
 

 

 
1,491

 
1,491

    Amortization of prior service cost (credit) (1)
 

 

 
47

 
47

    Cost of sales
 

 
41

 

 
41

    Interest Expense
 

 
767

 

 
767

Current-period other comprehensive income (loss)
 
407

 
779

 
1,507

 
2,693

Tax effect
 
78

 
(278
)
 
(444
)
 
(644
)
Balance on September 30, 2016
 
$
(22,102
)
 
$
(3,060
)
 
$
(90,369
)
 
$
(115,531
)
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2016
(dollars in thousands)
 
Foreign Currency Translation
 
Derivative Instruments
 
Pension and Other Post-retirement Benefits
 
Accumulated Other
Comprehensive Loss
Balance on December 31, 2015
 
$
(22,913
)
 
$
(1,860
)
 
$
(95,459
)
 
$
(120,232
)
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
 
459

 
(4,757
)
 
2,755

 
(1,543
)
Currency impact
 

 

 
481

 
481

 
 
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
    Amortization of actuarial loss (1)
 

 

 
4,050

 
4,050

    Amortization of prior service cost (credit) (1)
 

 

 
142

 
142

    Cost of sales
 

 
1,096

 

 
1,096

    Interest Expense
 

 
1,778

 

 
1,778

Current-period other comprehensive income (loss)
 
459

 
(1,883
)
 
7,428

 
6,004

Tax effect
 
352

 
683

 
(2,338
)
 
(1,303
)
Balance on September 30, 2016
 
$
(22,102
)
 
$
(3,060
)
 
$
(90,369
)
 
$
(115,531
)
___________________________
(1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost within the cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.