XML 34 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The components of other comprehensive income (loss) are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended 
 June 30, 2017
 
Three Months Ended 
 June 30, 2016
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Cumulative translation adjustment
$
47,314

 
$

 
$
47,314

 
$
(27,043
)
 
$

 
$
(27,043
)
Pension and other postretirement adjustments
1,874

 
(594
)
 
1,280

 
912

 
(321
)
 
591

Reclassification adjustments for derivatives
1,646

 
(583
)
 
1,063

 
1,719

 
(626
)
 
1,093

Total other comprehensive income (loss)
$
50,834

 
$
(1,177
)
 
$
49,657

 
$
(24,412
)
 
$
(947
)
 
$
(25,359
)
 
Six Months Ended 
 June 30, 2017
 
Six Months Ended 
 June 30, 2016
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Cumulative translation adjustment
$
68,364

 
$

 
$
68,364

 
$
(10,826
)
 
$

 
$
(10,826
)
Pension and other postretirement adjustments
3,550

 
(1,146
)
 
2,404

 
1,905

 
(643
)
 
1,262

Reclassification adjustments for derivatives
3,323

 
(1,218
)
 
2,105

 
3,443

 
(1,253
)
 
2,190

Total other comprehensive income (loss)
$
75,237

 
$
(2,364
)
 
$
72,873

 
$
(5,478
)
 
$
(1,896
)
 
$
(7,374
)


The following table summarizes the amounts reclassified from accumulated other comprehensive income to net income during the three and six months ended June 30, 2017 and 2016:
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2017
 
2016
 
2017
 
2016
 
Pension and other postretirement plans
 
 
 
 
 
 
 
 
Amortization of service cost
$
1,874

 
$
912

 
$
3,550

 
$
1,905

 
Total before tax
1,874

 
912

 
3,550

 
1,905

 
Provision for income taxes
(594
)
 
(321
)
 
(1,146
)
 
(643
)
 
Total net of tax
$
1,280

 
$
591

 
$
2,404

 
$
1,262

 
Derivatives
 
 
 
 
 
 
 
 
Reclassification adjustments
$
1,646

 
$
1,719

 
$
3,323

 
$
3,443

 
Total before tax
1,646

 
1,719

 
3,323

 
3,443

 
Provision for income taxes
(583
)
 
(626
)
 
(1,218
)
 
(1,253
)
 
Total net of tax
$
1,063

 
$
1,093

 
$
2,105

 
$
2,190

 


The Company recognizes the service cost component in both Selling, general and administrative expenses and Cost of sales, depending on the functional area of the underlying employees included in the plans.