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Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2014
Stockholders' Equity Attributable to Parent [Abstract]  
Components of Changes in Accumulated Other Comprehensive Income (AOCI)
Changes in accumulated other comprehensive income (loss) (“AOCI”) by component follows (dollars in thousands). Amounts in parentheses indicate losses.
 
Foreign Currency Translation Adjustments
 
Unrealized Loss On Treasury Locks, Net
 
Unrealized Loss on Foreign Exchange Contracts
 
Unfunded Employee Benefit Obligations
 
Total
Balance at December 31, 2013
$
(136
)
 
$
(28,191
)
 
$
(371
)
 
$
(36,326
)
 
$
(65,024
)
Other comprehensive income (loss) before reclassifications, net of tax
(18
)
 
—

 
—

 
—

 
(18
)
Amounts reclassified from AOCI, net of tax
—

 
855

(a)
5

(b)
979

(c)
1,839

Net current-period other comprehensive income (loss)
(18
)
 
855

 
5

 
979

 
1,821

Balance at March 31, 2014
$
(154
)
 
$
(27,336
)
 
$
(366
)
 
$
(35,347
)
 
$
(63,203
)
Reclassifications Out of Accumulated Other Comprehensive Income (AOCI)
The following table presents information about reclassifications out of AOCI (dollars in thousands). Amounts in parentheses indicate expenses in the Consolidated Statements of Income.
 
 
Amounts Reclassified from AOCI
Three Months Ended March 31
 
 
Details about AOCI Components
 
2014
 
2013
 
Affected Line Item in the Statement Where Net Income is Presented
Unrealized loss on treasury locks, net
 
$
(1,414
)
 
$
(1,413
)
 
See (a) below
 
 
559

 
549

 
Tax benefit
 
 
$
(855
)
 
$
(864
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized loss on foreign exchange contracts
 
$
(8
)
 
$
(9
)
 
See (b) below
 
 
3

 
4

 
Tax benefit
 
 
$
(5
)
 
$
(5
)
 
Net of tax
 
 
 
 
 
 
 
Unfunded employee benefit obligations
 
 
 
 
 
 
Amortization of prior service costs
 
$
(1,584
)
 
$
(1,454
)
 
See (c) below
Amortization of actuarial losses
 
(179
)
 
(1,636
)
 
See (c) below
 
 
(1,763
)
 
(3,090
)
 
Total before tax
 
 
784

 
1,201

 
Tax benefit
 
 
$
(979
)
 
$
(1,889
)
 
Net of tax
____________
(a)
This AOCI component is included in interest expense, net. Amount relates to the amortization of the effective portion of treasury lock derivative instruments recorded in AOCI. The net amount of settlement gains or losses on derivative instruments included in AOCI to be amortized over the next 12 months is a net loss of $5.7 million ($3.5 million after tax). For a discussion of treasury lock derivative instrument activity, see Note 11, Derivative Instruments and Hedging Activities, of the Notes to Consolidated Financial Statements in "Part II, Item 8. Financial Statements and Supplementary Data" of our 2013 Form 10-K.
(b)
This AOCI component is included as depreciation in cost of sales.
(c)
These AOCI components are included in the computation of net pension and postretirement benefit costs. See Note 11, Employee Benefit Plans and Other Postretirement Benefits, for additional information.