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Reclassifications from Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 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 September 30,
 
(Income) / expense reclassified from AOCI for the nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Currency translation
 
Other income (expense), net
 
$
—

 
$
—

 
$
2

 
$
252

Currency hedge portfolio derivatives
 
Net sales
 
(7,876
)
 
(1,543
)
 
(38,683
)
 
504

Bunker fuel forward contracts
 
Cost of sales
 
3,760

 
822

 
16,000

 
586

Prior service cost and recognized actuarial loss amortization related to pensions*
 
 
 
282

 
297

 
881

 
893

* 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 and nine months ended September 30, 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 June 30, 2015
$
271

 
$
4,736

 
$
(23,225
)
 
$
(18,218
)
Other comprehensive income (loss) before reclassifications
—

 
(620
)
 
(1
)
 
(621
)
Amounts reclassified from accumulated other comprehensive income
—

 
(4,116
)
 
282

 
(3,834
)
Net current-period other comprehensive income
—

 
(4,736
)
 
281

 
(4,455
)
Balance at September 30, 2015
$
271

 
$
—

 
$
(22,944
)
 
$
(22,673
)
(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

 
15,384

 
3,266

 
18,652

Amounts reclassified from accumulated other comprehensive income
559

 
(22,683
)
 
881

 
(21,243
)
Net current-period other comprehensive income
561

 
(7,299
)
 
4,147

 
(2,591
)
Balance at September 30, 2015
$
271

 
$
—

 
$
(22,944
)
 
$
(22,673
)
(1) Net of deferred tax asset of $521 thousand, $521 thousand and $401 thousand as of September 30, 2015, June 30, 2015 and December 31, 2014, respectively.
The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 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 June 30, 2014
$
(202
)
 
$
(448
)
 
$
(19,969
)
 
$
(20,619
)
Other comprehensive income (loss) before reclassifications
1

 
19,072

 
—

 
19,073

Amounts reclassified from accumulated other comprehensive income
—

 
(721
)
 
297

 
(424
)
Net current-period other comprehensive income
1

 
18,351

 
297

 
18,649

Balance at September 30, 2014
$
(201
)
 
$
17,903

 
$
(19,672
)
 
$
(1,970
)
(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

 
22,467

 
(905
)
 
21,578

Amounts reclassified from accumulated other comprehensive income
252

 
1,090

 
893

 
2,235

Net current-period other comprehensive income
268

 
23,557

 
(12
)
 
23,813

Balance at September 30, 2014
$
(201
)
 
$
17,903

 
$
(19,672
)
 
$
(1,970
)
(1) Net of deferred tax liability of $271 thousand, $271 thousand and $530 thousand as of September 30, 2014, June 30, 2014, and December 31, 2013, respectively.