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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 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 (loss)                        
before reclassifications   (12,543 )   (44 )   -     (12,587 )
Amounts reclassified from accumulated                        
other comprehensive income (loss)   -     (260 )   7,066     6,806  
Net other comprehensive income (loss) -                        
current period   (12,543 )   (304 )   7,066     (5,781 )
Ending balance, September 30, 2013 $ (12,412 ) $ 689   $ (96,405 ) $ (108,128 )

 

 

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three month period ended September 30, 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 $ (268 ) Cost of sales
Foreign currency forward contracts, before taxes   -    
Total, before taxes   (268 )  
Income taxexpense (benefit)   (101 ) Income taxes
Total, net of tax $ (167 )  
Amortization of pension and other post-        
retirement benefits:        
Actuarial gain (loss) and prior service        
costs, before taxes $ (3,851 ) (a)
Income taxexpense (benefit)   (1,410 ) Income taxes
Total, net of tax $ (2,441 )  

 

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

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine month period ended September 30, 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 $ (417 ) Cost of sales
Foreign currency forward contracts, before taxes   -    
Total, before taxes   (417 )  
Income tax expense (benefit)   (157 ) Income taxes
Total, net of tax $ (260 )  
Amortization of pension and other post-        
retirement benefits:        
Actuarial gain (loss) and prior service        
costs, before taxes $ (11,149 ) (a)
Income tax expense (benefit)   (4,083 ) Income taxes
Total, net of tax $ (7,066 )  

 

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