Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2020

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

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income (loss) for the three months ended September 30, 2021 are summarized as follows:


(In thousands)	Amount reclassified from accumulated 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	$	2,160	Cost of goods sold
Foreign currency forward contracts, before taxes	(34)		Selling, general & administrative
Foreign currency forward contracts, before taxes	15		Cost of goods sold
Total, before taxes	2,141
Income tax expense (benefit)	476		Income tax expense (benefit)
Total, net of tax	$	1,665
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(4,244)	(a)
Income tax expense (benefit)	(927)		Income tax expense (benefit)
Total, net of tax	$	(3,317)

(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 nine months ended September 30, 2021 are summarized as follows:


(In thousands)	Amount reclassified from accumulated 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	$	4,172	Cost of goods sold
Foreign currency forward contracts, before taxes	(183)		Selling, general & administrative
Foreign currency forward contracts, before taxes	48		Cost of goods sold
Total, before taxes	4,037
Income tax expense (benefit)	880		Income tax expense (benefit)
Total, net of tax	$	3,157
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(12,727)	(a)
Income tax expense (benefit)	(2,773)		Income tax expense (benefit)
Total, net of tax	$	(9,954)

(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 September 30, 2020 are summarized as follows:


(In thousands)	Amount reclassified from accumulated 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	$	(575)	Cost of goods sold
Foreign currency forward contracts, before taxes	(1,767)		Selling, general & administrative
Foreign currency forward contracts, before taxes	15		Cost of goods sold
Total, before taxes	(2,327)
Income tax expense (benefit)	(496)		Income tax expense (benefit)
Total, net of tax	$	(1,831)
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).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2020 are summarized as follows:


(In thousands)	Amount reclassified from accumulated 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	$	(2,766)	Cost of goods sold
Foreign currency forward contracts, before taxes	(4,359)		Selling, general & administrative
Foreign currency forward contracts, before taxes	46		Cost of goods sold
Total, before taxes	(7,079)
Income tax expense (benefit)	(1,523)		Income tax expense (benefit)
Total, net of tax	$	(5,556)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(11,300)	(a)
Income tax expense (benefit)	(2,507)		Income tax expense (benefit)
Total, net of tax	$	(8,793)

(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).