Other Comprehensive Income (Notes)

6 Months Ended

Jun. 30, 2015

Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table presents changes in accumulated other comprehensive income by component for the six months ended June 30, 2015 and 2014:

	Currency Translation Adjustment, Net of Tax			Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax			Pension and Post-Retirement Benefit Related Items, Net of Tax			Total
Balance at December 31, 2014	$	(4,960	)	$	(1,944	)	$	(206,045	)	$	(212,949	)
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on cash flow hedging arrangements	—			19,932			—			19,932
Foreign currency translation adjustment	(1,655		)	(817		)	(2,655		)	(5,127		)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—			(4,321		)	5,040			719
Net change in other comprehensive income (loss), net of tax	(1,655		)	14,794			2,385			15,524
Balance at June 30, 2015	$	(6,615	)	$	12,850		$	(203,660	)	$	(197,425	)

	Currency Translation Adjustment, Net of Tax			Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax			Pension and Post-Retirement Benefit Related Items, Net of Tax			Total
Balance at December 31, 2013	$	77,915		$	(2,433	)	$	(110,518	)	$	(35,036	)
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on cash flow hedging arrangements	—			(854		)	—			(854		)
Foreign currency translation adjustment	(1,286		)	10			8			(1,268		)
Amounts recognized from accumulated other comprehensive income (loss), net of tax	—			788			797			1,585
Net change in other comprehensive income (loss), net of tax	(1,286		)	(56		)	805			(537		)
Balance at June 30, 2014	$	76,629		$	(2,489	)	$	(109,713	)	$	(35,573	)

The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three and six month periods ended June 30:

	Three months ended June 30,
	2015			2014			Location of Amounts Recognized in Earnings
Effective portion of losses on cash flow hedging arrangements:
Interest rate swap agreements	$	771		$	778		Interest expense
Foreign currency forward contracts	(3,532		)	(164		)	Cost of sales - products
Total before taxes	(2,761		)	614
Provision for taxes	(427		)	266			Provision for taxes
Total, net of taxes	$	(2,334	)	$	348
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses, plan amendments and prior service cost, before taxes	$	3,428		$	717		(a)
Provision for taxes	911			316			Provision for taxes
Total, net of taxes	$	2,517		$	401

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 10 for additional details for the three and six months ended June 30, 2015 and 2014.

	Six months ended June 30,
	2015			2014			Location of Amounts Recognized in Earnings
Effective portion of losses on cash flow hedging arrangements:
Interest rate swap agreements	$	1,535		$	1,546		Interest expense
Foreign currency forward contracts	(6,623		)	(205		)	Cost of sales - products
Total before taxes	(5,088		)	1,341
Provision for taxes	(767		)	553			Provision for taxes
Total, net of taxes	$	(4,321	)	$	788
Recognition of defined benefit pension and post-retirement items:
Recognition of actuarial losses, plan amendments and prior service cost, before taxes	$	6,869		$	1,429		(a)
Provision for taxes	1,829			632			Provision for taxes
Total, net of taxes	$	5,040		$	797

(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 10 for additional details for the three and six months ended June 30, 2015 and 2014.

Comprehensive income (loss), net of tax consisted of the following as of June 30:

	Three Months Ended					Six Months Ended
	2015		2014			2015		2014
Net earnings	$	77,557	$	74,022		$	140,608	$	132,073
Other comprehensive income (loss), net of tax	21,780		(2,391		)	15,524		(537		)
Comprehensive income, net of tax	$	99,337	$	71,631		$	156,132	$	131,536