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Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Income (Loss)

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended June 30, 2016 and June 30, 2015 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at March 31, 2016

 

$

(2,060

)

 

$

(40,229

)

 

$

(42

)

 

$

946

 

 

$

(41,385

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(7,274

)

 

 

(12

)

 

 

(592

)

 

 

 

(7,878

 

)

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

(142

)

 

 

4

 

 

 

159

 

 

 

 

21

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

121

 

 

a

 

 

(457

)

 

 

a

 

 

 

(336

 

 

)

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(45

)

 

 

123

 

 

 

78

 

Net current period other comprehensive income (loss)

 

 

 

 

 

(7,416

)

 

 

68

 

 

 

(767

)

 

 

 

(8,115

 

)

Balance at June 30, 2016

 

$

(2,060

)

 

$

(47,645

)

 

$

26

 

 

$

179

 

 

$

(49,500

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at March 31, 2015

 

$

(2,673

)

 

$

(42,198

)

 

$

76

 

 

$

(268

)

 

$

(45,063

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

4,722

 

 

 

(103

)

 

 

(516

)

 

 

 

4,103

 

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

246

 

 

 

 

 

 

147

 

 

 

 

393

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

(21

)

 

 

86

 

 

 

 

 

65

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

 

 

 

(26

)

 

 

(26

)

Net current period other comprehensive income (loss)

 

 

 

 

 

4,968

 

 

 

(124

)

 

 

(309

)

 

 

4,535

 

Balance at June 30, 2015

 

$

(2,673

)

 

$

(37,230

)

 

$

(48

)

 

$

(577

)

 

$

(40,528

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.


Note 9 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the six months ended June 30, 2016 and June 30, 2015 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2015

 

$

(2,060

)

 

$

(49,381

)

 

$

(229

)

 

$

 

 

$

(51,670

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

636

 

 

 

102

 

 

 

701

 

 

 

 

1,439

 

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

1,100

 

 

 

(38

)

 

 

(188

)

 

 

 

874

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

303

 

 

a

 

(457

)

 

 

a

 

 

 

(154

 

 

)

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(112

)

 

 

123

 

 

 

11

 

Net current period other comprehensive income (loss)

 

 

 

 

 

1,736

 

 

 

255

 

 

 

179

 

 

 

 

2,170

 

Balance at June 30, 2016

 

$

(2,060

)

 

$

(47,645

)

 

 

26

 

 

 

179

 

 

 

(49,500

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.

 

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2014

 

$

(2,673

)

 

$

(23,060

)

 

$

 

 

$

(10

)

 

$

(25,743

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(14,883

)

 

 

(27

)

 

 

(873

)

 

 

 

(15,783

 

)

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

713

 

 

 

 

 

 

236

 

 

 

 

949

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

(21

)

 

 

96

 

a

 

 

 

 

75

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

 

 

 

(26

)

 

 

(26

)

Net current period other comprehensive income (loss)

 

 

 

 

 

(14,170

)

 

 

(48

)

 

 

(567

)

 

 

(14,785

)

Balance at June 30, 2015

 

$

(2,673

)

 

$

(37,230

)

 

$

(48

)

 

$

(577

)

 

$

(40,528

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.