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Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

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, 2020:

(In thousands)			Foreign currency translation adjustment						Gain (loss) on derivative financial instruments						Pension and other post-retirement benefit adjustments						Total
Beginning balance, January 1, 2020			$	(100,663)					$	(1,307)					$	(95,681)					$	(197,651)
Other comprehensive income (loss) before reclassifications			(11,529)						(4,888)						—						(16,417)
Amounts reclassified from accumulated other comprehensive income (loss)			—						1,113						2,931						4,044
Net other comprehensive income (loss) - current period			(11,529)						(3,775)						2,931						(12,373)
Ending balance, March 31, 2020			$	(112,192)					$	(5,082)					$	(92,750)					$	(210,024)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 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			(790)						(1,011)						—						(1,801)
Amounts reclassified from accumulated other comprehensive income (loss)			—						658						2,079						2,737
Net other comprehensive income (loss) - current period			(790)						(353)						2,079						936
Ending balance, March 31, 2019			$	(97,730)					$	(1,954)					$	(79,367)					$	(179,051)

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income (loss) for the three months ended March 31, 2020 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			$	(640)					Cost of sales
Foreign currency forward contracts, before taxes			(794)						Selling, general & administrative
Foreign currency forward contracts, before taxes			15						Cost of sales
Total, before taxes			(1,419)
Income tax expense (benefit)			(306)						Income taxes
Total, net of tax			$	(1,113)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes			$	(3,767)					(a)
Income tax expense (benefit)			(836)						Income taxes
Total, net of tax			$	(2,931)

(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, 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			$	(617)					Cost of sales
Foreign currency forward contracts, before taxes			(191)						Selling, general & administrative
Foreign currency forward contracts, before taxes			15						Cost of sales
Total, before taxes			(793)
Income tax expense (benefit)			(135)						Income taxes
Total, net of tax			$	(658)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes			$	(2,671)					(a)
Income tax expense (benefit)			(592)						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).

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, 2020:

(In thousands)			Foreign currency translation adjustment						Gain (loss) on derivative financial instruments						Pension and other post-retirement benefit adjustments						Total
Beginning balance, January 1, 2020			$	(100,663)					$	(1,307)					$	(95,681)					$	(197,651)
Other comprehensive income (loss) before reclassifications			(11,529)						(4,888)						—						(16,417)
Amounts reclassified from accumulated other comprehensive income (loss)			—						1,113						2,931						4,044
Net other comprehensive income (loss) - current period			(11,529)						(3,775)						2,931						(12,373)
Ending balance, March 31, 2020			$	(112,192)					$	(5,082)					$	(92,750)					$	(210,024)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 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			(790)						(1,011)						—						(1,801)
Amounts reclassified from accumulated other comprehensive income (loss)			—						658						2,079						2,737
Net other comprehensive income (loss) - current period			(790)						(353)						2,079						936
Ending balance, March 31, 2019			$	(97,730)					$	(1,954)					$	(79,367)					$	(179,051)

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI http://asc.fasb.org/topic&trid=2134417

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580

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