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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss is as follows:
 
 
December 31,
 
2013
 
2012
 
2011
 
(In thousands)
Foreign currency translation adjustments
$
(472
)
 
$
2,391

 
$
2,155

Deferred loss on cash flow hedge
(5,745
)
 
(6,607
)
 
(7,469
)
Changes in pension benefit obligation recognized in other comprehensive income (loss)
—

 
—

 
(1,487
)
Total accumulated other comprehensive loss
$
(6,217
)
 
$
(4,216
)
 
$
(6,801
)


Cash Flow Hedge
In July 2010, the Company entered into an interest rate swap agreement to protect itself from an increase in the market interest rate on $250 million of 10-year, fixed rate debt with the coupon to be set at market interest rates. The interest rate swap agreement was designated as a cash flow hedge under the guidance for derivatives and hedging. In August 2010, upon issuance of the related fixed-rate debt, the Company terminated and settled the interest rate swap agreement for a cash payment of $8.7 million. The Company recorded the effective portion of this deferred loss as a component of accumulated other comprehensive income (loss). The ineffective portion was recognized immediately as a component of earnings under interest expense in the Company’s consolidated statements of income. The effective portion of the deferred loss is being amortized over the term of the related debt as interest expense in the Company’s consolidated statements of income.
 
The following represents the changes in accumulated other comprehensive loss, net of tax by component for the year ended December 31, 2013:

 
Loss on Cash Flow Hedge
 
Foreign Currency Items
 
Total
 
(In thousands)
Balance, December 31, 2012
$
(6,607
)
 
$
2,391

 
$
(4,216
)
Other comprehensive income (loss) before reclassification
—

 
(2,863
)
 
(2,863
)
Amounts reclassified from accumulated other comprehensive income (loss)
862

 
—

 
862

Net current period other comprehensive income (loss)
862

 
(2,863
)
 
(2,001
)
Balance, December 31, 2013
$
(5,745
)
 
$
(472
)
 
$
(6,217
)


The amounts reclassified from other accumulated other comprehensive income (loss) during the year ended December 31, 2013 were reclassified to the following line items in the Company's Consolidated Statements of Income.
Component
 
Amount Reclassified from Accumulated Other Comprehensive Income(Loss)
Affected Line Item in the Consolidated Statement of Income
 
 
(In thousands)
 
Loss on cash flow hedge
 
 
 
 
Interest rate contract
 
$
862

 
Interest expense
 
 
—

 
Tax (expense) benefit
 
 
$
862

 
Net of tax