The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss) attributable to the Company for the nine months ended December 31, 2015 and 2014:



	Nine Months Ended December 31,
(in thousands of dollars)	2015			2014
Foreign currency translation:
Balance at beginning of year	$	(31,138	)	$	(8,476	)
Other comprehensive income (loss) attributable to Universal Corporation:
Net gain (loss) on foreign currency translation (net of tax benefit of $319 and $6,928)	(508		)	(12,925		)
Less: Net loss on foreign currency translation attributable to noncontrolling interests	465			18
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes	(43		)	(12,907		)
Balance at end of period	$	(31,181	)	$	(21,383	)

Foreign currency hedge:
Balance at beginning of year	$	(1,834	)	$	769
Other comprehensive income (loss) attributable to Universal Corporation:
Net gain (loss) on derivative instruments (net of tax (expense) benefit of $(464) and $1,001)	861			(1,858		)
Reclassification of gain (loss) to earnings (net of tax expense (benefit) of $(188) and $118)⁽¹⁾	352			(219		)
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes	1,213			(2,077		)
Balance at end of period	$	(621	)	$	(1,308	)

Interest rate hedge:
Balance at beginning of year	$	(1,982	)	$	(608	)
Other comprehensive income (loss) attributable to Universal Corporation:
Net loss on derivative instruments (net of tax benefit of $885 and $38)	(1,643		)	(69		)
Reclassification of loss to earnings (net of tax benefit of $(1,402) and $(365))⁽²⁾	2,603			677
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes	960			608
Balance at end of period	$	(1,022	)	$	—

Pension and other postretirement benefit plan:
Balance at beginning of year	$	(40,040	)	$	(26,017	)
Other comprehensive income (loss) attributable to Universal Corporation:
Amortization included in earnings (net of tax benefit of $(1,257) and $(806)) ⁽³⁾	2,425			1,540
Other comprehensive income (loss) attributable to Universal Corporation, net of income taxes	2,425			1,540
Balance at end of period	$	(37,615	)	$	(24,477	)

Total accumulated other comprehensive loss at end of period	$	(70,439	)	$	(47,168	)


⁽¹⁾	Gain (loss) on foreign currency cash flow hedges related to forecast purchases of tobacco is reclassified from accumulated other comprehensive income (loss) to cost of goods sold when the tobacco is sold to customers. See Note 7 for additional information.


⁽²⁾	Gain (loss) on interest rate cash flow hedges is reclassified from accumulated other comprehensive income (loss) to interest expense when the related interest payments are made on the debt or upon termination of the interest rate swap agreements prior to their scheduled maturity dates. See Note 7 for additional information.


⁽³⁾	This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost. See Note 9 for additional information.