Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in Company accumulated other comprehensive income (loss) (AOCI) by component (net of income taxes) for the three and six months ended June 30, 2014 and 2015, are presented below:

(In thousands)	Foreign Currency Translation Adjustments			Defined Benefit Pension Plan Adjustments			Cash Flow Hedge Adjustments			Total
Balance at March 31, 2014	$	(10,854	)	$	(18,262	)	$	118		$	(28,998	)
Other comprehensive income before reclassifications		3,742			—			—			3,742
Amounts reclassified from AOCI		—			410			1			411
Net current-period other comprehensive income		3,742			410			1			4,153
Balance at June 30, 2014	$	(7,112	)	$	(17,852	)	$	119		$	(24,845	)
Balance at March 31, 2015	$	(68,051	)	$	(40,400	)	$	76		$	(108,375	)
Other comprehensive income before reclassifications		5,940			—			16			5,956
Amounts reclassified from AOCI		—			750			-			750
Net current-period other comprehensive income		5,940			750			16			6,706
Balance at June 30, 2015	$	(62,111	)	$	(39,650	)	$	92		$	(101,669	)
Balance at December 31, 2013	$	(10,971	)	$	(18,672	)	$	115		$	(29,528	)
Other comprehensive income before reclassifications		3,859			—			—		$	3,859
Amounts reclassified from AOCI		—			820			4		$	824
Net current-period other comprehensive income		3,859			820			4			4,683
Balance at June 30, 2014	$	(7,112	)	$	(17,852	)	$	119		$	(24,845	)
Balance at December 31, 2014	$	(42,914	)	$	(41,149	)	$	118		$	(83,945	)
Other comprehensive income before reclassifications		(19,197	)		—			(27	)		(19,224	)
Amounts reclassified from AOCI		—			1,499			1			1,500
Net current-period other comprehensive income		(19,197	)		1,499			(26	)		(17,724	)
Balance at June 30, 2015	$	(62,111	)	$	(39,650	)	$	92		$	(101,669	)

Information regarding the reclassifications out of AOCI for the three and six months ended 2015 and 2014, is displayed below:

(In thousands)	Amount Reclassified from AOCI (a)												Affected Line Item in Consolidated Statements of Income
AOCI Components	Three Months Ended June 30						Six Months Ended June 30
	2015			2014			2015			2014
Amortization of defined benefit pension actuarial losses	$	(1,195	)	$	(661	)	$	(2,389	)	$	(1,323	)	(b)
		445			251			890			503		Tax benefit
	$	(750	)	$	(410	)	$	(1,499	)	$	(820	)	Net of tax
Gains and losses on cash flow hedges:
Interest rate contracts	$	(5	)	$	(7	)	$	(10	)	$	(14	)	Interest, net
Foreign exchange contracts		3			3			5			5		Cost of sales
		(2	)		(4	)		(5	)		(9	)	Total before tax
		2			3			4			5		Tax benefit
	$	-		$	(1	)	$	(1	)	$	(4	)	Net of tax
Total reclassifications for the period	$	(750	)	$	(411	)	$	(1,500	)	$	(824	)	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).