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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2015:
(In Thousands)
Foreign
currency
translation
adjustment
 
Gain (loss) on
derivative
financial
instruments
 
Pension and
other
post-retirement
benefit
adjustments
 
Total
Beginning balance, January 1, 2015
$
(47,270
)
 
$
656

 
$
(103,581
)
 
$
(150,195
)
Other comprehensive income (loss) before reclassifications
(29,096
)
 
(1,950
)
 
—

 
(31,046
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
309

 
5,045

 
5,354

Net other comprehensive income (loss) - current period
(29,096
)
 
(1,641
)
 
5,045

 
(25,692
)
Ending balance, June 30, 2015
$
(76,366
)
 
$
(985
)
 
$
(98,536
)
 
$
(175,887
)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2014:
(In Thousands)
Foreign
currency
translation
adjustment
 
Gain (loss) on
derivative
financial
instruments
 
Pension and
other
post-retirement
benefit
adjustments
 
Total
Beginning balance, January 1, 2014
$
(19,205
)
 
$
765

 
$
(71,848
)
 
$
(90,288
)
Other comprehensive income (loss) before reclassifications
9,240

 
302

 
—

 
9,542

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(29
)
 
3,480

 
3,451

Net other comprehensive income (loss) - current period
9,240

 
273

 
3,480

 
12,993

Ending balance, June 30, 2014
$
(9,965
)
 
$
1,038

 
$
(68,368
)
 
$
(77,295
)


Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months June 30, 2015 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
(481
)
 
Cost of sales
Foreign currency forward contracts, before taxes
16

 
Cost of sales
Total, before taxes
(465
)
 
 
Income tax expense (benefit)
(176
)
 
Income taxes
Total, net of tax
$
(289
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(3,985
)
 
(a)
Income tax expense (benefit)
(1,462
)
 
Income taxes
Total, net of tax
$
(2,523
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).
Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the six months ended June 30, 2015 are summarized as follows:
:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
(529
)
 
Cost of sales
Foreign currency forward contracts, before taxes
31

 
Cost of sales
Total, before taxes
(498
)
 
 
Income tax expense (benefit)
(189
)
 
Income taxes
Total, net of tax
$
(309
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(7,969
)
 
(a)
Income tax expense (benefit)
(2,924
)
 
Income taxes
Total, net of tax
$
(5,045
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months June 30, 2014 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
83

 
Cost of sales
Foreign currency forward contracts, before taxes
—

 
 
Total, before taxes
83

 
 
Income tax expense (benefit)
31

 
Income taxes
Total, net of tax
$
52

 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(2,737
)
 
(a)
Income tax expense (benefit)
(997
)
 
Income taxes
Total, net of tax
$
(1,740
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the six months ended June 30, 2014 are summarized as follows:

(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
46

 
Cost of sales
Foreign currency forward contracts, before taxes
—

 
 
Total, before taxes
46

 
 
Income tax expense (benefit)
17

 
Income taxes
Total, net of tax
$
29

 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(5,474
)
 
(a)
Income tax expense (benefit)
(1,994
)
 
Income taxes
Total, net of tax
$
(3,480
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).