XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Accumulated Other Comprehensive Income (AOCI) | 6 Months Ended
--- | ---
Jun. 30, 2017
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, 2016 to June 30, 2017:
(in thousands) | Translation adjustments | Pension and postretirement liability adjustments | Derivative valuation adjustment | Total Other Comprehensive Income
December 31, 2016 | ($133,298 | ) | ($51,719 | ) | $828 |  | ($184,189 | )
Other comprehensive income/(loss) before reclassifications | 28,453 |  | (1,079 | ) | (619 | ) | 26,755 |
Interest expense related to swaps reclassified to the Statement of Income, net of tax | - |  | - |  | 585 |  | 585 |
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax | - |  | 332 |  | - |  | 332 |
Net current period other comprehensive income | 28,453 |  | (747 | ) | (34 | ) | 27,672 |
June 30, 2017 | ($104,845 | ) | ($52,466 | ) | $794 |  | ($156,517 | )
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 remeasurement | - |  | 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 | 2,393 |  | 361 |  | (4,245 | ) | (1,491 | )
June 30, 2016 | ($106,262 | ) | ($48,364 | ) | ($5,709 | ) | ($160,335 | )
The table below presents the expense/(income) amounts reclassified, and the line items of the Statements of Income that were affected for the periods ended June 30, 2017 and 2016.
| Three months ended June 30, | Six months ended June 30,
(in thousands) | 2017 | 2016 | 2017 | 2016
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: |  |  |  |  |  |
Expense related to interest rate swaps included in Income before taxes(a) | $343 |  | $305 |  | $943 |  | $586 |
Income tax effect | (130 | ) | (116 | ) | (358 | ) | (223 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $213 |  | $189 |  | $585 |  | $363 |
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: |  |  |  |  |  |
Amortization of prior service credit | ($1,113 | ) | ($1,112 | ) | ($2,226 | ) | ($2,225 | )
Amortization of net actuarial loss | 1,353 |  | 1,296 |  | 2,700 |  | 2,574 |
Total pretax amount reclassified (b) | 240 |  | 184 |  | 474 |  | 349 |
Income tax effect | (72 | ) | (56 | ) | (142 | ) | (105 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income | $168 |  | $128 |  | $332 |  | $244 |
(a) | Included in Interest expense are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 15).
(b) | These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4).

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/topic&trid=2134417 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration