Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

19. Accumulated Other Comprehensive Income (Loss)

Below is the change in the Company’s accumulated other comprehensive income (loss) (AOCI) balance by component (net of income taxes) for the years ended December 31, 2012, 2013 and 2014:

(In thousands)	Foreign Currency Translation Adjustments			Defined Benefit Pension Plan Adjustments			Cash Flow Hedge Adjustments			Total
Balance at December 31, 2011	$	(9,086	)	$	(32,398)		$	(1	)	$	(41,485	)
Other comprehensive income before reclassifications		6,200			(5,387	)		116			929
Amounts reclassified from AOCI		—			2,287			19			2,306
Net current period other comprehensive income		6,200			(3,100	)		135			3,235
Balance at December 31, 2012	$	(2,886	)	$	(35,498	)	$	134		$	(38,250	)
Other comprehensive income before reclassifications		(8,085	)		13,417			(32	)		5,300
Amounts reclassified from AOCI		—			3,409			13			3,422
Net current period other comprehensive income		(8,085	)		16,826			(19	)		8,722
Balance at December 31, 2013	$	(10,971	)	$	(18,672	)	$	115		$	(29,528	)
Other comprehensive income before reclassifications		(31,943	)		(24,186	)		—			(56,129	)
Amounts reclassified from AOCI		—			1,709			3			1,712
Net current period other comprehensive income		(31,943	)		(22,477	)		3			(54,417	)
Balance at December 31, 2014	$	(42,914	)	$	(41,149	)	$	118		$	(83,945	)

Amounts reclassified out of AOCI for the three years ended December 31, 2014, 2013 and 2012, is displayed below:

Amounts Reclassified from AOCI (a)
(In thousands)										Affected Line Item in Consolidated
	2014			2013			2012			Statements of Income
Amortization of defined pension items:
Prior service cost	$	(20	)	$	(19	)	$	(18	)
Actuarial loss		(2,727	)		(5,410	)		(3,632	)
Transition obligation		–			(2	)		(18	)
	$	(2,747	)		(5,431	)		(3,668	)	Total before tax (b)
		1,038			2,022			1,381		Tax  benefit
	$	(1,709	)	$	(3,409	)	$	(2,287	)	Net of tax
Gains and losses on cash flow hedges:
Interest rate contracts	$	(20	)	$	(37	)	$	(27	)	Interest, net
Foreign exchange contracts		10			10			—		Cost of sales
		(10	)		(27	)		(27	)	Total before tax
		7			14			8		Tax  benefit
	$	(3	)	$	(13	)	$	(19	)	Net of tax
Total reclassifications for the period	$	(1,712	)	$	(3,422	)	$	(2,306	)	Net of tax

(a) Amounts in parentheses denote expense to statement of income.

(b) This component of accumulated other comprehensive income is included in the computation of net periodic benefit cost (see Note 13 for details regarding net periodic benefit costs for the Company’s U.S. and U.K. defined benefit plans).