XML 28 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 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 and nine months ended September 30, 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 July 1, 2016

$

(74,486

)

 

$

785

 

 

$

(115,786

)

 

$

3,204

 

 

$

(186,283

)

Other comprehensive income

   before reclassifications  (net of tax)

 

(1,530

)

 

 

(1,195

)

 

 

---

 

 

 

---

 

 

 

(2,725

)

Amounts reclassified from accumulated

   other comprehensive income  (net of tax)

 

—

 

 

 

337

 

 

 

2,464

 

 

 

(145

)

 

 

2,656

 

Net current period other comprehensive

   income (loss)

 

(1,530

)

 

 

(858

)

 

 

2,464

 

 

 

(145

)

 

 

(69

)

Balance at September 30, 2016

$

(76,016

)

 

$

(73

)

 

$

(113,322

)

 

$

3,059

 

 

$

(186,352

)

Balance at July 1, 2015

$

(58,857

)

 

$

2,621

 

 

$

(114,076

)

 

$

(2,756

)

 

$

(173,068

)

Other comprehensive income

   before reclassifications  (net of tax)

 

(3,262

)

 

 

(1,381

)

 

 

---

 

 

 

---

 

 

 

(4,643

)

Amounts reclassified from accumulated

   other comprehensive income  (net of tax)

 

—

 

 

 

(1,442

)

 

 

3,090

 

 

 

(7

)

 

 

1,641

 

Net current period other comprehensive

   income (loss)

 

(3,262

)

 

 

(2,823

)

 

 

3,090

 

 

 

(7

)

 

 

(3,002

)

Balance at September 30, 2015

$

(62,119

)

 

$

(202

)

 

$

(110,986

)

 

$

(2,763

)

 

$

(176,070

)

 

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)

 

(2,975

)

 

 

(106

)

 

 

---

 

 

 

---

 

 

 

(3,081

)

Amounts reclassified from accumulated

   other comprehensive income  (net of tax)

 

—

 

 

 

258

 

 

 

7,392

 

 

 

(435

)

 

 

7,215

 

Net current period other comprehensive

   income (loss)

 

(2,975

)

 

 

152

 

 

 

7,392

 

 

 

(435

)

 

 

4,134

 

Balance at September 30, 2016

$

(76,016

)

 

$

(73

)

 

$

(113,322

)

 

$

3,059

 

 

$

(186,352

)

Balance at January 1, 2015

$

(34,224

)

 

$

2,356

 

 

$

(120,260

)

 

$

(2,742

)

 

$

(154,870

)

Other comprehensive income

   before reclassifications  (net of tax)

 

(27,895

)

 

 

793

 

 

 

---

 

 

 

---

 

 

 

(27,102

)

Amounts reclassified from accumulated

   other comprehensive income  (net of tax)

 

—

 

 

 

(3,351

)

 

 

9,274

 

 

 

(21

)

 

 

5,902

 

Net current period other comprehensive

   income (loss)

 

(27,895

)

 

 

(2,558

)

 

 

9,274

 

 

 

(21

)

 

 

(21,200

)

Balance at September 30, 2015

$

(62,119

)

 

$

(202

)

 

$

(110,986

)

 

$

(2,763

)

 

$

(176,070

)

 

Reclassifications out of accumulated other comprehensive income were as follows:

 

 

 

Three months ended September 30

 

 

Nine months ended

September 30

 

 

 

In thousands

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

Description

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Line Item in Statements of Income

Cash flow hedges (Note 11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Gains) losses on cash flow hedges

 

$

347

 

 

$

(1,972

)

 

$

264

 

 

$

(4,595

)

 

Costs of products sold

Tax expense (benefit)

 

 

(10

)

 

 

530

 

 

 

(6

)

 

 

1,244

 

 

Income tax provision

Net of tax

 

 

337

 

 

 

(1,442

)

 

 

258

 

 

 

(3,351

)

 

 

Retirement plan obligations (Note 7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of deferred benefit pension plan items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service costs

 

 

506

 

 

 

571

 

 

 

1,519

 

 

 

1,713

 

 

Costs of products sold

 

 

 

168

 

 

 

189

 

 

 

504

 

 

 

568

 

 

Selling, general and administrative

Actuarial losses

 

 

2,450

 

 

 

3,144

 

 

 

7,350

 

 

 

9,432

 

 

Costs of products sold

 

 

 

843

 

 

 

1,082

 

 

 

2,530

 

 

 

3,247

 

 

Selling, general and administrative

 

 

 

3,967

 

 

 

4,986

 

 

 

11,903

 

 

 

14,960

 

 

 

Tax benefit

 

 

(1,503

)

 

 

(1,896

)

 

 

(4,511

)

 

 

(5,686

)

 

Income tax provision

Net of tax

 

 

2,464

 

 

 

3,090

 

 

 

7,392

 

 

 

9,274

 

 

 

Amortization of deferred benefit other plan items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service costs

 

 

(37

)

 

 

(58

)

 

 

(112

)

 

 

(173

)

 

Costs of products sold

 

 

 

(8

)

 

 

(12

)

 

 

(24

)

 

 

(37

)

 

Selling, general and administrative

Actuarial losses

 

 

(156

)

 

 

48

 

 

 

(467

)

 

 

142

 

 

Costs of products sold

 

 

 

(33

)

 

 

10

 

 

 

(100

)

 

 

31

 

 

Selling, general and administrative

 

 

 

(234

)

 

 

(12

)

 

 

(703

)

 

 

(37

)

 

 

Tax expense

 

 

89

 

 

 

5

 

 

 

268

 

 

 

16

 

 

Income tax provision

Net of tax

 

 

(145

)

 

 

(7

)

 

 

(435

)

 

 

(21

)

 

 

Total reclassifications, net of tax

 

$

2,656

 

 

$

1,641

 

 

$

7,215

 

 

$

5,902