Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Income (Loss) [Line Items]

Comprehensive Income (Loss) Note [Text Block]

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2018:



(In thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2018	$	(86,178	)	$	459		$	(90,950	)	$	(176,669	)
Other comprehensive income (loss) before reclassifications	1,906			(132		)	—			1,774
Amounts reclassified from accumulated other comprehensive income (loss)	—			(153		)	2,612			2,459
Net other comprehensive income (loss) - current period	1,906			(285		)	2,612			4,233
Ending balance, March 31, 2018	$	(84,272	)	$	174		$	(88,338	)	$	(172,436	)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2017:



(In Thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2017	$	(93,970	)	$	863		$	(90,127	)	$	(183,234	)
Other comprehensive income (loss) before reclassifications	4,632			528			—			5,160
Amounts reclassified from accumulated other comprehensive income (loss)	—			(154		)	1,950			1,796
Net other comprehensive income (loss) - current period	4,632			374			1,950			6,956
Ending balance, March 31, 2017	$	(89,338	)	$	1,237		$	(88,177	)	$	(176,278	)

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended March 31, 2018 are summarized as follows:



(In thousands)	Amount reclassified from other comprehensive income (loss)			Location of gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (loss)
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	232		Cost of sales
Foreign currency forward contracts, before taxes	(41		)	Selling, general & administrative
Foreign currency forward contracts, before taxes	15			Cost of sales
Total, before taxes	206
Income tax expense (benefit)	53			Income taxes
Total, net of tax	$	153
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(3,374	)	(a)
Income tax expense (benefit)	(762		)	Income taxes
Total, net of tax	$	(2,612	)

(a) This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost (see Note 9 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended March 31, 2017 are summarized as follows:



(In thousands)	Amount reclassified from other comprehensive income (loss)			Location of gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (loss)
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	233		Cost of sales
Foreign currency forward contracts, before taxes	15			Cost of sales
Total, before taxes	248
Income tax expense (benefit)	94			Income taxes
Total, net of tax	$	154
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(3,061	)	(a)
Income tax expense (benefit)	(1,111		)	Income taxes
Total, net of tax	$	(1,950	)


(a)	This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost (see Note 9 for additional detail).

Cost of goods sold

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2018:



(In thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2018	$	(86,178	)	$	459		$	(90,950	)	$	(176,669	)
Other comprehensive income (loss) before reclassifications	1,906			(132		)	—			1,774
Amounts reclassified from accumulated other comprehensive income (loss)	—			(153		)	2,612			2,459
Net other comprehensive income (loss) - current period	1,906			(285		)	2,612			4,233
Ending balance, March 31, 2018	$	(84,272	)	$	174		$	(88,338	)	$	(172,436	)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2017:



(In Thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2017	$	(93,970	)	$	863		$	(90,127	)	$	(183,234	)
Other comprehensive income (loss) before reclassifications	4,632			528			—			5,160
Amounts reclassified from accumulated other comprehensive income (loss)	—			(154		)	1,950			1,796
Net other comprehensive income (loss) - current period	4,632			374			1,950			6,956
Ending balance, March 31, 2017	$	(89,338	)	$	1,237		$	(88,177	)	$	(176,278	)