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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
3 Months Ended
Mar. 31, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2015 (in thousands):
 
 
Foreign
Currency
Translation
Adjustment
 
Pension and
Other Post-Retirement
Liability
Adjustment
 
Total
Balance, as of December 31, 2014
$
2,095

 
$
(34,777
)
 
$
(32,682
)
Other comprehensive loss before reclassifications
(12,999
)
 

 
(12,999
)
Amounts reclassified from accumulated other comprehensive income (loss)

 
1,382

 
1,382

Net current-period other comprehensive income (loss)
(12,999
)
 
1,382

 
(11,617
)
Balance, as of March 31, 2015
$
(10,904
)
 
$
(33,395
)
 
$
(44,299
)


NOTE 7. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (continued)

The following reclassifications were made from accumulated other comprehensive income (loss) to the condensed consolidated statements of operations and other comprehensive income for the three months ended (in thousands):

 
March 31, 2015
 
March 31, 2014
Amortization of pension and other post-retirement liability adjustments
 
 
 
Prior Service Costs (1)
$
(72
)
 
$
(558
)
Actuarial Losses (1)
2,258

 
656

Total Before Tax
2,186

 
98

Tax Benefit
(804
)
 
(34
)
Net of Tax
$
1,382

 
$
64


(1) These accumulated other comprehensive income (loss) components are included in the computation of net period pension costs. See Note 8 for additional information.