The following table presents changes in Accumulated Other Comprehensive Income, net of tax, for the three months ended March 31, 2017 and 2016:



2016:	Foreign Currency Derivative Activities^(A)			Post Retirement Benefit Plan Items^(B)			Accumulated Other Comprehensive Income
Balance at December 31, 2015	$	—		$	2,645,000		$	2,645,000
Other Comprehensive Income before reclassifications	—			—			—
Amounts reclassified from accumulated other comprehensive income	—			(80,000		)	(80,000		)
Income tax benefit	—			24,000			24,000
Balance at March 31, 2016	$	—		$	2,589,000		$	2,589,000

2017:
Balance at December 31, 2016	$	(200,000	)	$	2,614,000		$	2,414,000
Other Comprehensive Income before reclassifications	642,000			—			642,000
Amounts reclassified from accumulated other comprehensive income	20,000			(87,000		)	(67,000		)
Income tax benefit (expense)	(225,000		)	27,000			(198,000		)
Balance at March 31, 2017	$	237,000		$	2,554,000		$	2,791,000

^(A) The foreign currency derivative activity reclassified from Accumulated Other Comprehensive Income is allocated to cost of goods sold and sales, general and administrative expense based on the percentage of Mexican Peso spend. The tax effect of the foreign currency derivative activity reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Income.

^(B) The Company has historically disclosed both interest rate swap activity and post-retirement benefit activity, however due to immaterial interest rate swap activity the components have been combined. The effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in total cost of sales on the Consolidated Statements of Income. These Accumulated Other Comprehensive Income components are included in the computation of net periodic benefit cost (see Note 6 "Post Retirement Benefits" for additional details). The tax effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Income.