Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2019

Jun. 30, 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 six months ended June 30, 2019:



(In thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2019	$	(96,940	)	$	(1,601	)	$	(81,446	)	$	(179,987	)
Other comprehensive income (loss) before reclassifications	(283		)	(1,218		)	—			(1,501		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			1,486			4,158			5,644
Net other comprehensive income (loss) - current period	(283		)	268			4,158			4,143
Ending balance, June 30, 2019	$	(97,223	)	$	(1,333	)	$	(77,288	)	$	(175,844	)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 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	(8,905		)	(829		)	—			(9,734		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(361		)	5,223			4,862
Net other comprehensive income (loss) - current period	(8,905		)	(1,190		)	5,223			(4,872		)
Ending balance, June 30, 2018	$	(95,083	)	$	(731	)	$	(85,727	)	$	(181,541	)

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income (loss) for the three months ended June 30, 2019 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	$	(606	)	Cost of sales
Foreign currency forward contracts, before taxes	(369		)	Selling, general & administrative
Foreign currency forward contracts, before taxes	16			Cost of sales
Total, before taxes	(959		)
Income tax expense (benefit)	(131		)	Income taxes
Total, net of tax	$	(828	)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(2,672	)	(a)
Income tax expense (benefit)	(593		)	Income taxes
Total, net of tax	$	(2,079	)


(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 (loss) for the six months ended June 30, 2019 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	$	(1,223	)	Cost of sales
Foreign currency forward contracts, before taxes	(560		)	Selling, general & administrative
Foreign currency forward contracts, before taxes	31			Cost of sales
Total, before taxes	(1,752		)
Income tax expense (benefit)	(266		)	Income taxes
Total, net of tax	$	(1,486	)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(5,343	)	(a)
Income tax expense (benefit)	(1,185		)	Income taxes
Total, net of tax	$	(4,158	)


(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 June 30, 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	$	712		Cost of sales
Foreign currency forward contracts, before taxes	(378		)	Selling, general & administrative
Foreign currency forward contracts, before taxes	16			Cost of sales
Total, before taxes	350
Income tax expense (benefit)	142			Income taxes
Total, net of tax	$	208
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(3,372	)	(a)
Income tax expense (benefit)	(761		)	Income taxes
Total, net of tax	$	(2,611	)


(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 six months ended June 30, 2018 are summarized as follows:



(In thousands)	Amount reclassified from other comprehensive income (loss)			Location of gain (loss) reclassified from accumulated other comprehensive income to net income
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	944		Cost of sales
Foreign currency forward contracts, before taxes	(419		)	Selling, general & adminstrative
Foreign currency forward contracts, before taxes	31			Cost of sales
Total, before taxes	556
Income tax expense (benefit)	195			Income taxes
Total, net of tax	$	361
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(6,746	)	(a)
Income tax expense (benefit)	(1,523		)	Income taxes
Total, net of tax	$	(5,223	)


(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 six months ended June 30, 2019:



(In thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2019	$	(96,940	)	$	(1,601	)	$	(81,446	)	$	(179,987	)
Other comprehensive income (loss) before reclassifications	(283		)	(1,218		)	—			(1,501		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			1,486			4,158			5,644
Net other comprehensive income (loss) - current period	(283		)	268			4,158			4,143
Ending balance, June 30, 2019	$	(97,223	)	$	(1,333	)	$	(77,288	)	$	(175,844	)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 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	(8,905		)	(829		)	—			(9,734		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(361		)	5,223			4,862
Net other comprehensive income (loss) - current period	(8,905		)	(1,190		)	5,223			(4,872		)
Ending balance, June 30, 2018	$	(95,083	)	$	(731	)	$	(85,727	)	$	(181,541	)