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Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2017 and June 30, 2016 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at March 31, 2017

 

$

(2,550

)

 

$

(60,250

)

 

$

262

 

 

$

1,145

 

 

$

(61,393

)

Other comprehensive income before reclassifications

 

 

 

 

 

23,285

 

 

 

28

 

 

 

1,092

 

 

 

 

24,405

 

 

Income tax effect of other comprehensive income before reclassifications

 

 

 

 

 

(106

)

 

 

(10

)

 

 

(293

)

 

 

 

(409

 

)

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

 

 

 

 

 

 

 

 

(12

 

 

)

a

 

(277

 

 

)

 

 

a

 

 

 

(289

 

 

)

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

4

 

 

 

74

 

 

 

78

 

Net current period other comprehensive income

 

 

 

 

 

23,179

 

 

 

10

 

 

 

596

 

 

 

 

23,785

 

Balance at June 30, 2017

 

$

(2,550

)

 

$

(37,071

)

 

$

272

 

 

$

1,741

 

 

$

(37,608

)

 

(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) – Continued

 

 

  

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 before reclassifications

 

 

 

 

 

(7,274

)

 

 

(12

)

 

 

(592

)

 

 

 

(7,878

 

)

Income tax effect of other comprehensive income 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

 

 

 

 

 

(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.

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the six months ended June 30, 2017 and June 30, 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

 

 

 

 

 

28,800

 

 

 

78

 

 

 

2,965

 

 

 

 

31,843

 

Income tax effect of other comprehensive income before reclassifications

 

 

 

 

 

(109

)

 

 

(28

)

 

 

(796

)

 

 

 

(933)

 

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

 

 

 

 

 

 

 

 

(30

)

a

 

810

 

 

a

 

 

 

 

780

 

 

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

11

 

 

 

(218

)

 

 

(207

)

Net current period other comprehensive income

 

 

 

 

 

28,691

 

 

 

31

 

 

 

2,761

 

 

 

31,483

 

Balance at June 30, 2017

 

$

(2,550

)

 

$

(37,071

)

 

$

272

 

 

$

1,741

 

 

$

(37,608

)

 

(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) – Continued

 

 

  

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

 

 

 

 

 

636

 

 

 

102

 

 

 

701

 

 

 

 

1,439

 

 

Income tax effect of other comprehensive income 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

 

 

 

 

 

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.