Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Below is the change in the Company’s AOCI balance by component (net of income taxes) for the three months ended March 31, 2018 and 2017:

(In thousands)	Foreign Currency Translation Adjustments			Defined Benefit Pension Plan Adjustments			Cash Flow Hedge Adjustments			Total
Balance at December 31, 2016	$	(96,775	)	$	(30,790	)	$	100		$	(127,465	)
Other comprehensive income before reclassifications		10,441			—			—			10,441
Amounts reclassified from AOCI		—			565			(2	)		563
Net current-period other comprehensive income		10,441			565			(2	)		11,004
Balance at March 31, 2017	$	(86,334	)	$	(30,225	)	$	98		$	(116,461	)
Balance at December 31, 2017	$	(70,561	)	$	(29,093	)	$	91		$	(99,563	)
Other comprehensive income before reclassifications		8,785			—			—			8,785
Amounts reclassified from AOCI		—			753			(3	)		750
Net current-period other comprehensive income		8,785			753			(3	)		9,535
Balance at March 31, 2018	$	(61,776	)	$	(28,340	)	$	88		$	(90,028	)

Information regarding the reclassifications out of AOCI for the three month periods ended March 31, 2018 and 2017, is displayed below:

(In thousands)	Amount Reclassified from AOCI (a)
AOCI Components	Three Months Ended March 31						Affected Line Item in Consolidated Statements of Income
	2018			2017
Amortization of defined benefit pension actuarial losses	$	(994	)	$	(880	)	(b)
		241			315		Tax benefit
	$	(753	)	$	(565	)	Net of tax
Gains and losses on cash flow hedges:
Foreign exchange contracts		3			2		Cost of sales
		3			2		Total before tax
		—			—		Tax benefit
	$	3		$	2		Net of tax
Total reclassifications for the period	$	(750	)	$	(563	)	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).