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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Summary of Changes in 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, 2018, 2017 and 2016:

 

(In thousands)

 

Foreign

Currency

Translation

Adjustments

 

 

Defined

Benefit

Pension Plan

Adjustments

 

 

Cash Flow

Hedge

Adjustments

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

$

(88,337

)

 

$

(36,825

)

 

$

74

 

 

$

(125,088

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

 

(8,438

)

 

 

3,818

 

 

 

(19

)

 

 

(4,639

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

—

 

 

 

2,217

 

 

 

45

 

 

 

2,262

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current period other comprehensive income

 

 

(8,438

)

 

 

6,035

 

 

 

26

 

 

 

(2,377

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

$

(96,775

)

 

$

(30,790

)

 

$

100

 

 

$

(127,465

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

 

26,214

 

 

 

(582

)

 

 

—

 

 

 

25,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

—

 

 

 

2,279

 

 

 

(9

)

 

 

2,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current period other comprehensive income

 

 

26,214

 

 

 

1,697

 

 

 

(9

)

 

 

27,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

(70,561

)

 

$

(29,093

)

 

$

91

 

 

$

(99,563

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

 

(37,920

)

 

 

(7,080

)

 

 

—

 

 

 

(45,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

—

 

 

 

3,090

 

 

 

(10

)

 

 

3,080

 

Net current period other comprehensive income

 

 

(37,920

)

 

 

(3,990

)

 

 

(10

)

 

 

(41,920

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

$

(108,481

)

 

$

(33,083

)

 

$

81

 

 

$

(141,483

)
Summary of Amounts Reclassified Out of Accumulated Other Comprehensive Income

Amounts reclassified out of AOCI for the three years ended December 31, 2018, 2017 and 2016, is displayed below:

 

 

 

Amounts Reclassified from AOCI (a)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Affected Line Item in

Consolidated

 

 

2018

 

 

2017

 

 

2016

 

 

Statements of Income

Amortization of defined pension items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

$

(12

)

 

$

(14

)

 

$

(14

)

 

 

Actuarial loss

 

 

(4,059

)

 

 

(3,509

)

 

 

(3,508

)

 

 

 

 

$

(4,071

)

 

 

(3,523

)

 

 

(3,522

)

 

Total before tax (b)

 

 

 

981

 

 

 

1,244

 

 

 

1,305

 

 

Tax  benefit

 

 

$

(3,090

)

 

$

(2,279

)

 

$

(2,217

)

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains and losses on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

—

 

 

$

—

 

 

$

(82

)

 

Interest, net

Foreign exchange contracts

 

 

10

 

 

 

9

 

 

 

9

 

 

Cost of sales

 

 

 

10

 

 

 

9

 

 

 

(73

)

 

Total before tax

 

 

 

 

 

 

 

—

 

 

 

28

 

 

Tax  benefit

 

 

$

10

 

 

$

9

 

 

$

(45

)

 

Net of tax

Total reclassifications for the period

 

$

(3,080

)

 

$

(2,270

)

 

$

(2,262

)

 

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).