XML 42 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
OTHER COMPREHENSIVE INCOME
9 Months Ended
Sep. 30, 2014
OTHER COMPREHENSIVE INCOME [Abstract]  
OTHER COMPREHENSIVE INCOME
(7)OTHER COMPREHENSIVE INCOME

The Company’s changes in other comprehensive income for the three months and nine months ended September 30, 2014 and 2013 were as follows (in thousands):

 
Three months ended September 30,
 
 
2014
 
2013
 
 
Gross
Amount
 
Income Tax
(Provision)
Benefit
 
Net Amount
 
Gross
Amount
 
Income Tax
(Provision)
Benefit
 
Net Amount
 
       
Pension and postretirement benefits (a):
      
Amortization of net actuarial loss
 
$
17
  
$
(6
)
 
$
11
  
$
1,922
  
$
(735
)
 
$
1,187
 
Actuarial gains (losses)
  
1
   
(1
)
  
   
(3
)
  
1
   
(2
)
Foreign currency translation adjustments
  
(16
)
  
   
(16
)
  
(124
)
  
   
(124
)
Change in fair value of derivative instruments (b):
                        
Unrealized gains (losses)
  
   
   
   
(20
)
  
8
   
(12
)
Reclassified to net earnings
  
   
   
   
   
   
 
Total  
 
$
2
  
$
(7
)
 
$
(5
)
 
$
1,775
  
$
(726
)
 
$
1,049
 
 
 
Nine months ended September 30,
 
 
2014
 
2013
 
 
Gross
Amount
 
Income Tax
(Provision)
Benefit
 
Net Amount
 
Gross
Amount
 
Income Tax
(Provision)
Benefit
 
Net Amount
 
       
Pension and postretirement benefits (a):
      
Amortization of net actuarial loss
 
$
52
  
$
(19
)
 
$
33
  
$
5,762
  
$
(2,204
)
 
$
3,558
 
Actuarial gains (losses)
  
722
   
(276
)
  
446
   
(1,137
)
  
435
   
(702
)
Foreign currency translation adjustments
  
(24
)
  
   
(24
)
  
125
   
   
125
 
Change in fair value of derivative instruments (b):
                        
Unrealized gains (losses)
  
   
   
   
2,862
   
(1,001
)
  
1,861
 
Reclassified to net earnings
  
146
   
(62
)
  
84
   
(1,389
)
  
486
   
(903
)
Total  
 
$
896
  
$
(357
)
 
$
539
  
$
6,223
  
$
(2,284
)
 
$
3,939
 

(a)Actuarial gains (losses) are amortized into costs of sales and operating expenses or selling, general and administrative expenses as appropriate. (See Note 11 – Retirement Plans)

(b)Reclassifications to net earnings of derivatives qualifying as effective hedges are recognized in interest expense or costs of sales and operating expenses as appropriate. (See Note 5 – Derivative Instruments)