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Accumulated Other Comprehensive Income (AOCI) | 6 Months Ended
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Jun. 30, 2016
Accumulated items of other comprehensive income: |
Accumulated Other Comprehensive Income (AOCI) | 10. Accumulated Other Comprehensive Income (AOCI) The table below presents changes in the components of AOCI for the period December 31, 2015 to June 30, 2016:
(in thousands) |  | Translation adjustments |  | Pension and postretirement liability adjustments |  | Derivative valuation adjustment |  | Total Other Comprehensive Income
December 31, 2015 |  | ($108,655 | ) |  | ($48,725 | ) |  | ($1,464 | ) |  | ($158,844 | )
Other comprehensive income/(loss) before reclassifications |  | 2,393 |  |  | 12 |  |  | (4,608 | ) |  | (2,203 | )
Pension/postretirement plan remeasurements, net of tax |  | - |  |  | 105 |  |  | - |  |  | 105 |
Interest expense related to swaps reclassified to the Statement of Income, net of tax |  | - |  |  | - |  |  | 363 |  |  | 363 |
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax |  | - |  |  | 244 |  |  | - |  |  | 244 |
Net current period other comprehensive income/(loss) |  | 2,393 |  |  | 361 |  |  | (4,245 | ) |  | (1,491 | )
June 30, 2016 |  | ($106,262 | ) |  | ($48,364 | ) |  | ($5,709 | ) |  | ($160,335 | )
The table below presents changes in the components of AOCI for the period December 31, 2014 to June 30, 2015:
(in thousands) |  | Translation adjustments |  | Pension and postretirement liability adjustments |  | Derivative valuation adjustment |  | Total Other Comprehensive Income
December 31, 2014 |  | ($55,240 | ) |  | ($51,666 | ) |  | ($861 | ) |  | ($107,767 | )
Other comprehensive income/(loss) before reclassifications |  | (26,023 | ) |  | 1,125 |  |  | (744 | ) |  | (25,642 | )
Interest expense related to swaps reclassified to the Statement of Income, net of tax |  | - |  |  | - |  |  | 581 |  |  | 581 |
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax |  | - |  |  | 485 |  |  | - |  |  | 485 |
Net current period other comprehensive income/(loss) |  | (26,023 | ) |  | 1,610 |  |  | (163 | ) |  | (24,576 | )
June 30, 2015 |  | ($81,263 | ) |  | ($50,056 | ) |  | ($1,024 | ) |  | ($132,343 | )
The table below presents the expense/(income) amounts reclassified, and the line items of the Consolidated Statements of Income that were affected for the periods ended June 30, 2016 and 2015.
|  | Three months ended June 30, |  | Six months ended June 30,
(in thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |  |  |  |  |
Payments made on interest rate swaps included in Income before taxes(a) |  | $305 |  |  | $467 |  |  | $586 |  |  | $953 |
Income tax effect |  | (116 | ) |  | (182 | ) |  | (223 | ) |  | (372 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $189 |  |  | $285 |  |  | $363 |  |  | $581 |
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |  |
Amortization of prior service credit |  | ($1,112 | ) |  | ($1,111 | ) |  | ($2,225 | ) |  | ($2,220 | )
Amortization of net actuarial loss |  | 1,296 |  |  | 1,461 |  |  | 2,574 |  |  | 2,966 |
Total pretax amount reclassified (b) |  | 184 |  |  | 350 |  |  | 349 |  |  | 746 |
Income tax effect |  | (56 | ) |  | (122 | ) |  | (105 | ) |  | (261 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $128 |  |  | $228 |  |  | $244 |  |  | $485 |
| (a) | Included in Interest expense.
| (b) | These accumulated other comprehensive income/(loss) components are included in the computation of net periodic pension cost (see Note 4).

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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 15 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580 Reference 2: 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=66004124&loc=SL7669619-108580 Reference 3: 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=66004124&loc=d3e640-108580 Reference 4: 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=66004124&loc=d3e716-108580 Reference 5: 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=66004124&loc=d3e709-108580 Reference 6: 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 7: 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=66004124&loc=d3e637-108580 Reference 8: 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=66004124&loc=d3e681-108580 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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