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Accumulated Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2013
Accumulated Other Comprehensive Income [Abstract] |
Accumulated Other Comprehensive Income | 10. Accumulated Other Comprehensive Income The Company adopted the provisions of Accounting Standards Update 2013-02 in the first quarter of 2013, which requires enhanced disclosures of Accumulated Other Comprehensive Income (AOCI). In the third quarter of 2013, the Company modified certain provisions of its U.S. postretirement plan. The change in plan benefits decreased pretax liabilities by $8.0 million, resulting in a $4.9 million increase to AOCI. The table below presents changes in the components of AOCI for the period December 31, 2012 to December 31,2013:
(in thousands) |  | Translation adjustments |  | Pension and postretirement liability adjustments |  | Derivative valuation adjustment |  | Total Other Comprehensive Income
Balance, December 31, 2012 |  | ($7,659 | ) |  | ($69,484 | ) |  | ($2,878 | ) |  | ($80,021 | )
Other comprehensive income before reclassifications |  | 7,521 |  |  | 614 |  |  | 742 |  |  | 8,877 |
Postretirement plan change in benefits |  |  |  |  | 4,864 |  |  |  |  |  | 4,864 |
Pension/postretirement plan remeasurement |  |  |  |  | 13,771 |  |  |  |  |  | 13,771 |
Pension plan change in benefits |  |  |  |  | (374 | ) |  |  |  |  | (374 | )
Interest expense related to swaps reclassified to the Statement of Income, net of tax |  |  |  |  |  |  |  | 1,159 |  |  | 1,159 |
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax |  |  |  |  | 2,226 |  |  |  |  |  | 2,226 |
Net current period other comprehensive income |  | 7,521 |  |  | 21,101 |  |  | 1,901 |  |  | 30,523 |
Balance, December 31, 2013 |  | ($138 | ) |  | ($48,383 | ) |  | ($977 | ) |  | ($49,498 | )
The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected.
Expense/(income) (in thousands) |  | Twelve months ended December 31, 2013
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |  |
Swap interest expense |  | $1,900 |
Income tax effect |  | (741 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $1,159 |
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |  |
Amortization of prior service cost/(credit) |  | ($3,905 | )
Amortization of transition obligation |  | 70 |
Amortization of net actuarial loss |  | 6,512 |
Total pretax amount reclassified(a) |  | 2,677 |
Income tax effect |  | (451 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $2,226 |
| (a) | These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 5).

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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