Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Changes in Accumulated Other Comprehensive Loss by Component, Net of Tax

The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2017 are as follows:

In thousands	Foreign currency translation			Derivative contracts			Pension and post retirement benefit plans			Total
Balance at December 31, 2016	$	(321,033	)	$	(2,957	)	$	(55,615	)	$	(379,605	)
Other comprehensive income (loss) before reclassifications	195,079			1,978			(4,029		)	193,028
Amounts reclassified from accumulated other
comprehensive income	—			843			1,184			2,027
Net current period other comprehensive income (loss)	195,079			2,821			(2,845		)	195,055
Balance at June 30, 2017	$	(125,954	)	$	(136	)	$	(58,460	)	$	(184,550	)

The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2016 are as follows:

	Foreign currency translation			Derivative contracts			Pension and post retirement benefit plans			Total
Balance at December 31, 2015	$	(227,349	)	$	(2,987	)	$	(46,383	)	$	(276,719	)
Other comprehensive income (loss) before reclassifications	(10,119		)	(2,758		)	(2,293		)	(15,170		)
Amounts reclassified from accumulated other
comprehensive income	—			647			896			1,543
Net current period other comprehensive (loss)	(10,119		)	(2,111		)	(1,397		)	(13,627		)
Balance at June 30, 2016	$	(237,468	)	$	(5,098	)	$	(47,780	)	$	(290,346	)

Reclassifications Out of Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive loss for the three months ended June 30, 2016 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(422	)	Cost of sales
Amortization of net loss	971			Cost of sales
	549			Income from Operations
	(157		)	Income tax expense
	$	392		Net income
Derivative contracts
Realized loss on derivative contracts	$	453		Interest expense, net
	(130		)	Income tax expense
	$	323		Net income

Reclassifications out of accumulated other comprehensive loss for the six months ended June 30, 2016 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Operations
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(807	)	Cost of sales
Amortization of net loss	2,091			Cost of sales
	1,284			Income from Operations
	(388		)	Income tax expense
	$	896		Net income
Derivative contracts
Realized loss on derivative contracts	$	927		Interest expense, net
	(280		)	Income tax expense
	$	647		Net income

Reclassifications out of accumulated other comprehensive loss for the three months ended June 30, 2017 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Income
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(422	)	Cost of sales
Amortization of net loss	1,240			Cost of sales
	818			Income from Operations
	(226		)	Income tax expense
	$	592		Net income
Derivative contracts
Realized loss on derivative contracts	$	566		Interest expense, net
	(149		)	Income tax expense
	$	417		Net income

Reclassifications out of accumulated other comprehensive loss for the six months ended June 30, 2017 are as follows:

In thousands	Amount reclassified from accumulated other comprehensive income			Affected line item in the Condensed Consolidated Statements of Income
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(844	)	Cost of sales
Amortization of net loss	2,480			Cost of sales
	1,636			Income from Operations
	(452		)	Income tax expense
	$	1,184		Net income
Derivative contracts
Realized loss on derivative contracts	$	1,155		Interest expense, net
	(312		)	Income tax expense
	$	843		Net income