Accounting Policies (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	277,984			11,424			(4,715		)	284,693
Amounts reclassified from accumulated other
comprehensive income	—			1,206			1,776			2,982
Net current period other comprehensive income (loss)	277,984			12,630			(2,939		)	287,675
Balance at September 30, 2017	$	(43,049	)	$	9,673		$	(58,554	)	$	(91,930	)

The changes in accumulated other comprehensive loss by component, net of tax, for the nine months ended September 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	(7,385		)	(2,192		)	(1,969		)	(11,546		)
Amounts reclassified from accumulated other
comprehensive income	—			883			1,327			2,210
Net current period other comprehensive (loss)	(7,385		)	(1,309		)	(642		)	(9,336		)
Balance at September 30, 2016	$	(234,734	)	$	(4,296	)	$	(47,025	)	$	(286,055	)

Reclassifications Out of Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive loss for the three months ended September 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	$	6		Cost of sales
Amortization of net loss	611			Cost of sales
	617			Income from Operations
	(175		)	Income tax expense
	$	442		Net income
Derivative contracts
Realized loss on derivative contracts	$	338		Interest expense, net
	(96		)	Income tax expense
	$	242		Net income

Reclassifications out of accumulated other comprehensive loss for the nine months ended September 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	$	(801	)	Cost of sales
Amortization of net loss	2,702			Cost of sales
	1,901			Income from Operations
	(574		)	Income tax expense
	$	1,327		Net income
Derivative contracts
Realized loss on derivative contracts	$	1,265		Interest expense, net
	(382		)	Income tax expense
	$	883		Net income

Reclassifications out of accumulated other comprehensive loss for the three months ended September 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	$	497		Interest expense, net
	(131		)	Income tax expense
	$	366		Net income

Reclassifications out of accumulated other comprehensive loss for the nine months ended September 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	$	(1,266	)	Cost of sales
Amortization of net loss	3,720			Cost of sales
	2,454			Income from Operations
	(678		)	Income tax expense
	$	1,776		Net income
Derivative contracts
Realized loss on derivative contracts	$	1,653		Interest expense, net
	(447		)	Income tax expense
	$	1,206		Net income