Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule Of After-Tax Changes In Accumulated Other Comprehensive Income (Loss)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2021:


(In thousands)	Foreign currency translation adjustment		Gain (loss) on derivative financial instruments		Pension and other post-retirement benefit adjustments		Total
Beginning balance, January 1, 2021	$	(84,149)	$	2,264	$	(96,519)	$	(178,404)
Other comprehensive income (loss) before reclassifications	(2,648)		273		—		(2,375)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(509)		3,319		2,810
Net other comprehensive income (loss) - current period	(2,648)		(236)		3,319		435
Ending balance, March 31, 2021	$	(86,797)	$	2,028	$	(93,200)	$	(177,969)

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)

Schedule Of Reclassifications Of Balances Out Of Accumulated Other Comprehensive Income (Loss) Into Net Income

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income (loss) for the three months ended March 31, 2021 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	(2)		Selling, general & administrative
Foreign currency forward contracts, before taxes	17		Cost of sales
Total, before taxes	655
Income tax expense (benefit)	146		Income tax expense (benefit)
Total, net of tax	$	509
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(4,243)	(a)
Income tax expense (benefit)	(924)		Income tax expense (benefit)
Total, net of tax	$	(3,319)

(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, 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 tax expense (benefit)
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 tax expense (benefit)
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).