Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in the Company’s accumulated other comprehensive income (loss) (AOCI) by component (net of income taxes) for the three-month periods ended March 31, 2014 and 2015, are presented below:

	Foreign			Defined
	Currency			Benefit			Cash Flow
	Translation			Pension Plan			Hedge
(In thousands)	Adjustments			Adjustments			Adjustments			Total
Balance at December 31, 2013	$	(10,971	)	$	(18,672	)	$	115		$	(29,528	)
Other comprehensive income before reclassifications		117			—			—			117
Amounts reclassified from AOCI		—			410			3			413
Net current-period other comprehensive income		117			410			3			530
Balance at March 31, 2014	$	(10,854	)	$	(18,262	)	$	118		$	(28,998	)
Balance at December 31, 2014	$	(42,914	)	$	(41,149	)	$	118		$	(83,945	)
Other comprehensive income before reclassifications		(25,137	)		—			(43	)		(25,180	)
Amounts reclassified from AOCI		—			749			1			750
Net current-period other comprehensive income		(25,137	)		749			(42	)		(24,430	)
Balance at March 31, 2015	$	(68,051	)	$	(40,400	)	$	76		$	(108,375	)

Information regarding the reclassifications out of AOCI for the three month periods ended March 31, 2015 and 2014, is displayed below:

								Affected Line Item in
	Amount Reclassified						ConsolidatedStatements
(In thousands)	from AOCI (a)						of Income
AOCI Components	2015			2014
Amortization of defined benefit pension actuarial losses	$	(1,194	)	$	(662	)		(b)
		445		252				Tax  benefit
	$	(749	)	$	(410	)		Net of tax
Gains and losses on cash flow hedges:
Interest rate contracts	$	(5	)	$	(7	)		Interest, net
Foreign exchange contracts		2			2			Cost of sales
		(3	)		(5	)		Total before tax
		2			2			Tax benefit
	$	(1	)	$	(3	)		Net of tax
Total reclassifications for the period	$	(750	)	$	(413	)		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 8 for additional details).