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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
7. The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2013:
              Pension and        
    Foreign   Gain (loss) on     other post-        
    currency   derivative     retirement        
    translation   financial     benefit        
(In Thousands)   adjustment   instruments     adjustments     Total  
Beginning balance, January 1, 2013 $ 131 $ 993   $ (103,471 ) $ (102,347 )
Other comprehensive income                      
before reclassifications   865   (492 )   -     373  
Amounts reclassified from accumulated                      
other comprehensive income   -   (26 )   2,313     2,287  
Net other comprehensive income -                      
current period   865   (518 )   2,313     2,660  
Ending balance, March 31, 2013 $ 996 $ 475   $ (101,158 ) $ (99,687 )

 

 

     Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended March 31, 2013 are summarized as follows:

        Location of gain
        (loss) reclassified
    Amount   from accumulated
    reclassified from   other
    other   comprehensive
    comprehensive   income to net
(In Thousands)   income   income
Gain (loss) on dervative financial        
instruments:        
Aluminum future contracts, before taxes $ 42   Cost of sales
Foreign currency forward contracts, before taxes   -    
Total, before taxes   42    
Income taxexpense (benefit)   16   Income taxes
Total, net of tax $ 26    
Amortization of pension and other post-        
retirement benefits:        
Actuarial gain (loss) and prior service        
costs, before taxes $ (3,649 ) (a)
Income taxexpense (benefit)   (1,336 ) Income taxes
Total, net of tax $ (2,313 )  

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail).