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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Income
4. ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table sets forth details of the changes in accumulated other comprehensive income (losses) for the three months ended March 31, 2016 and 2015.

 

in thousands

    Currency
translation
adjustments		     Unrealized gain
(loss) on cash
flow hedges		     Change in
pensions		     Change in other
postretirement
defined benefit
plans		     Total  

Balance at January 1, 2016

    $ (73,041 )    $ (225 )    $ (120,714 )    $ 3,494      $ (190,486 ) 

Other comprehensive income before reclassifications (net of tax)

      13,419        252        —          —          13,671   

Amounts reclassified from accumulated other comprehensive income (net of tax)

      —          (186 )      2,315        (58 )      2,071   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net current period other comprehensive income (loss)

      13,419        66        2,315        (58 )      15,742   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 31, 2016

    $ (59,622 )    $ (159 )    $ (118,399 )    $ 3,436      $ (174,744 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at January 1, 2015

    $ (34,224 )    $ 2,356      $ (120,260 )    $ (2,742 )    $ (154,870 ) 

Other comprehensive income before reclassifications (net of tax)

      (41,337 )      3,394        —          —          (37,943 ) 

Amounts reclassified from accumulated other comprehensive income (net of tax)

      —          (628 )      3,266        20        2,658   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net current period other comprehensive income (loss)

      (41,337 )      2,766        3,266        20        (35,285 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at March 31, 2015

    $ (75,561 )    $ 5,122      $ (116,994 )    $ (2,722 )    $ (190,155 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

Reclassifications out of accumulated other comprehensive income were as follows:

 

     Three months ended
March 31		      

In thousands

    2016     2015      

Description

        Line Item in Statements of Income

Cash flow hedges (Note 12)

       

Gains on cash flow hedges

    $ (298 )    $ (873 )    Costs of products sold

Tax expense

      112        245      Income tax provision
  

 

 

    

 

 

    

Net of tax

      (186 )      (628 )   

Retirement plan obligations (Note 7)

       

Amortization of deferred benefit pension plan items

       

Prior service costs

      503        567      Costs of products sold
     171        193      Selling, general and administrative

Actuarial losses

      2,281        3,366      Costs of products sold
     773        1,140      Selling, general and administrative
  

 

 

    

 

 

    
     3,728        5,266     

Tax benefit

      (1,413 )      (2,000 )    Income tax provision
  

 

 

    

 

 

    

Net of tax

      2,315        3,266     

Amortization of deferred benefit other plan items

       

Prior service costs

      (37 )      (57 )    Costs of products sold
     (8 )      (13 )    Selling, general and administrative

Actuarial losses

      (42 )      82      Costs of products sold
     (9 )      18      Selling, general and administrative
  

 

 

    

 

 

    
     (96 )      30     

Tax provision (benefit)

      38        (10 )    Income tax provision
  

 

 

    

 

 

    

Net of tax

      (58 )      20     
  

 

 

    

 

 

    

Total reclassifications, net of tax

    $ 2,071      $ 2,658