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Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and March 31, 2016 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2016

 

$

(2,550

)

 

$

(65,762

)

 

$

241

 

 

$

(1,020

)

 

$

(69,091

)

Other comprehensive income before reclassifications

 

 

 

 

 

5,515

 

 

 

50

 

 

 

1,873

 

 

 

 

7,438

 

 

Income tax effect of other comprehensive income before reclassifications

 

 

 

 

 

(3

)

 

 

(18

)

 

 

(503

)

 

 

 

(524

 

)

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

 

 

 

 

 

 

 

 

(18

 

 

)

 

a

 

1,087

 

 

a

 

 

 

 

 

1,069

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

7

 

 

 

(292

)

 

 

(285

)

Net current period other comprehensive income

 

 

 

 

 

5,512

 

 

 

21

 

 

 

2,165

 

 

 

 

7,698

 

Balance at March 31, 2017

 

$

(2,550

)

 

$

(60,250

)

 

$

262

 

 

$

1,145

 

 

$

(61,393

)

 

(a)

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


Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

 

 

  

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 before reclassifications

 

 

 

 

 

7,910

 

 

 

114

 

 

 

1,293

 

 

 

 

9,317

 

 

Income tax effect of other comprehensive income before reclassifications

 

 

 

 

 

1,242

 

 

 

(42

)

 

 

(347)

 

 

 

 

853

 

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

 

 

 

 

 

 

 

 

182

a

 

 

 

 

 

 

 

 

182

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(67

)

 

 

 

 

 

(67

)

Net current period other comprehensive income

 

 

 

 

 

9,152

 

 

 

187

 

 

 

946

 

 

 

10,285

 

Balance at March 31, 2016

 

$

(2,060

)

 

$

(40,229

)

 

$

(42

)

 

$

946

 

 

$

(41,385

)

 

(a)

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