NOTE

– ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The reclassifications out of accumulated other comprehensive loss as reported in the Consolidated Statements of Income are:

	Three Months Ended March 31,
(Dollars in thousands)	2015		2014
Pension and other postretirement benefit:
Recognized actuarial loss (a)	$355		$261
Income Tax	(129	)	(87	)
Net of Income Tax	$226		$174


(a)	The recognized actuarial loss is included in the computation of net periodic benefit cost. See Note D for additional details.

PART I – CONTINUED

ITEM 1.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – CONTINUED

NOTE

– ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

- CONTINUED

The components of accumulated other comprehensive loss as reported in the Consolidated Balance Sheets are:

	Currency Translation Adjustments		Pension and Other Postretirement Benefit		Accumulated Other Comprehensive Income (loss)
(Dollars in thousands)
Balance at January 1, 2015	$(4,338	)	$(12,988	)	$(17,326	)
Reclassifications adjustments	-		355		355
Current period credit (charge)	(2,836	)	-		(2,836	)
Income tax expense	-		(129	)	(129	)
Balance at March 31, 2015	$(7,174	)	$ (12,762	)	$ (19,936	)

	Currency Translation Adjustments		Pension and Other Postretirement Benefit		Accumulated Other Comprehensive Income (loss)
(Dollars in thousands)
Balance at January 1, 2014	$(1,062	)	$(7,399	)	$(8,461	)
Reclassification adjustments	-		120		120
Current period credit (charge)	(356	)	141		(215	)
Income tax expense	-		(87	)	(87	)
Balance at March 31, 2014	$(1,418	)	$(7,225	)	$(8,643	)