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Reclassifications from Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2015
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 Operations
 
(Income) / expense reclassified from AOCI for the quarter ended March 31,
 
2015
 
2014
Currency translation
 
Other income (expense), net
 
$
602

 
$
252

Currency hedge portfolio derivatives
 
Net sales
 
(16,978
)
 
1,027

Bunker fuel forward contracts
 
Cost of sales
 
8,775

 
(175
)
Prior service cost and recognized actuarial loss amortization related to pensions*
 
 
 
284

 
300

* These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 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 ended March 31, 2015 were as follows:
(In thousands)
Net cumulative currency translation gains (losses)
 
Net unrealized losses on qualifying cash flow hedges
 
Net unrecognized losses related to pension and severance plans (1)
 
Total
Balance at December 31, 2014
$
(290
)
 
$
7,299

 
$
(27,091
)
 
$
(20,082
)
Other comprehensive income (loss) before reclassifications
2

 
18,274

 
2,172

 
20,448

Amounts reclassified from accumulated other comprehensive income
602

 
(8,203
)
 
284

 
(7,317
)
Net current-period other comprehensive income
604

 
10,071

 
2,456

 
13,131

Balance at March 31, 2015
$
314

 
$
17,370

 
$
(24,635
)
 
$
(6,951
)

(1) Net of deferred tax asset of $521 thousand and $401 thousand as of March 31, 2015 and December 31, 2014, respectively.
The changes in the components of accumulated other comprehensive income, net of tax, for the quarter ended March 31, 2014 were as follows:
(In thousands)
Net cumulative currency translation gains (losses)
 
Net unrealized losses on qualifying cash flow hedges
 
Net unrecognized losses related to pension and severance plans (1)
 
Total
Balance at December 31, 2013
$
(469
)
 
$
(5,654
)
 
$
(19,660
)
 
$
(25,783
)
Other comprehensive income (loss) before reclassifications
16

 
(1,046
)
 
(342
)
 
(1,372
)
Amounts reclassified from accumulated other comprehensive income
252

 
852

 
300

 
1,404

Net current-period other comprehensive income
268

 
(194
)
 
(42
)
 
32

Balance at March 31, 2014
$
(201
)
 
$
(5,848
)
 
$
(19,702
)
 
$
(25,751
)
(1) Net of deferred tax liability of $271 thousand and $530 thousand as of March 31, 2014 and December 31, 2013, respectively.