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Reclassifications from Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2013
Reclassifications from Accumulated Other Comprehensive Income [Abstract]  
Reclassifications from Accumulated Other Comprehensive Income
Amounts of (income) expense reclassified from AOCI are as follows (in thousands):
AOCI Component
 
Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated Statements of Income
 
(Income) / expense reclassified from AOCI for the quarter ended June 30,
 
(Income) / expense reclassified from AOCI for the six months ended June 30,
 
 
2013

2012
 
2013
 
2012
Available-for-sale investment
 
Other income (expense), net
 
$

 
$

 
$
(561
)
 
$

Currency hedge portfolio derivatives
 
Net sales
 
6,582

 

 
15,214

 
(4,381
)
Bunker fuel forward contracts
 
Cost of sales
 
(2,151
)
 
(4,139
)
 
(4,990
)
 
(9,653
)
Prior service cost and recognized actuarial loss amortization related to pensions*
 

 
338

 
266

 
676

 
531

* These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 8 for further details.
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and six months ended June 30, 2013 were as follows:
(In thousands)
Net cumulative currency translation gains (losses)
 
Net unrealized losses on qualifying cash flow hedges
 
Unrealized gains on available-for-sale investment
 
Net unrecognized losses related to pension and severance plans (1)
 
Total
Balance at March 31, 2013
$
264

 
$
(1,702
)
 
$

 
$
(25,330
)
 
$
(26,768
)
Other comprehensive income (loss) before reclassifications
(17
)
 
(11,187
)
 

 
15

 
(11,189
)
Amounts reclassified from accumulated other comprehensive income

 
4,431

 

 
338

 
4,769

Net current-period other comprehensive income
(17
)
 
(6,756
)
 

 
353

 
(6,420
)
Balance at June 30, 2013
$
247

 
$
(8,458
)
 
$

 
$
(24,977
)
 
$
(33,188
)
(In thousands)
Net cumulative currency translation gains (losses)
 
Net unrealized losses on qualifying cash flow hedges
 
Unrealized gains on available-for-sale investment
 
Net unrecognized losses related to pension and severance plans (1)
 
Total
Balance at December 31, 2012
$
(125
)
 
$
(16,557
)
 
$
404

 
$
(24,247
)
 
$
(40,525
)
Other comprehensive income (loss) before reclassifications
372

 
(2,125
)
 
157

 
(1,406
)
 
(3,002
)
Amounts reclassified from accumulated other comprehensive income

 
10,224

 
(561
)
 
676

 
10,339

Net current-period other comprehensive income
372

 
8,099

 
(404
)
 
(730
)
 
7,337

Balance at June 30, 2013
$
247

 
$
(8,458
)
 
$

 
$
(24,977
)
 
$
(33,188
)
(1) Net of deferred tax liability of $153, $138 and $283 as of June 30, 2013, March 31, 2013 and December 31, 2012, respectively.