XML 18 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Note 3.               Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is reported in our Consolidated Statements of Stockholders’ Equity.  Amounts included in accumulated other comprehensive loss, net of tax, are as follows:
 
 
Unrecognized Net
Defined Benefit
Plan Costs
 
Change in Fair
Value of
Derivatives
 
Foreign
Currency
Translation
 
Total
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
Balance at December 31, 2012
$
(105,675
)
 
$
(7,727
)
 
$
3,489

 
$
(109,913
)
Other comprehensive loss before reclassifications
318

 
1,144

 
(16,589
)
 
(15,127
)
Amounts reclassified from accumulated other
    comprehensive loss
3,441

 
1,717

 

 
5,158

Other comprehensive loss
3,759

 
2,861

 
(16,589
)
 
(9,969
)
Balance at June 30, 2013
$
(101,916
)
 
$
(4,866
)
 
$
(13,100
)
 
$
(119,882
)

 
The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the three and six months ended June 30, 2013 were losses of $2.7 million and $5.5 million, respectively, excluding an income tax benefit of $1.0 million and $2.1 million, respectively.  Amortization of actuarial losses and prior service cost (credit) is a component of net periodic benefit cost.  See Note 7 for further information.

The amount reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three and six months ended June 30, 2013 were net losses of $1.2 million and $2.7 million, respectively, excluding an income tax benefit of $0.4 million and $1.0 million, respectively.  These net losses included $1.4 million and $2.8 million of losses related to our interest rate swap agreements which were recorded in interest and other debt expense for the three and six months ended June 30, 2013, respectively, and gains of $0.1 million related to our natural gas swap agreements which were recorded in cost of goods sold in our Condensed Consolidated Statements of Income for each of the three and six months ended June 30, 2013.

Foreign currency (losses) gains related to our net investment hedges included in the foreign currency translation component of accumulated other comprehensive loss for the three and six months ended June 30, 2013 were $(4.8) million and $4.7 million, respectively, excluding an income tax benefit (provision) of $1.8 million and $(1.8) million, respectively.

See Note 6 which includes a discussion of derivative instruments and hedging activities.