Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Other Comprehensive (Loss) Income

The other comprehensive income (loss) consists of the following components:

	Three Months Ended June 30
	2016									2015
	Before-Tax			Income			After-Tax			Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount			Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	(5,121	)	$	—		$	(5,121	)	$	5,249		$	—		$	5,249
Adjustment for sale of a business with foreign operations	—			—			—			(484		)	—			(484		)
	(5,121		)	—			(5,121		)	4,765			—			4,765
Unrealized losses on available-for-sale securities:
Unrealized losses for the period, net	(5,307		)	2,123			(3,184		)	(11,455		)	4,582			(6,873		)
Reclassification of realized gain on sale of available-for-sale securities included in net income	(4,502		)	1,801			(2,701		)	—			—			—
	(9,809		)	3,924			(5,885		)	(11,455		)	4,582			(6,873		)
Pension and other postretirement plans:
Amortization of net prior service cost included in net income	105			(43		)	62			70			(28		)	42
Amortization of net actuarial loss included in net income	289			(115		)	174			628			(251		)	377
	394			(158		)	236			698			(279		)	419
Other Comprehensive Loss	$	(14,536	)	$	3,766		$	(10,770	)	$	(5,992	)	$	4,303		$	(1,689	)

	Six Months Ended June 30
	2016									2015
	Before-Tax			Income			After-Tax			Before-Tax			Income			After-Tax
(in thousands)	Amount			Tax			Amount			Amount			Tax			Amount
Foreign currency translation adjustments:
Translation adjustments arising during the period	$	(1,276	)	$	—		$	(1,276	)	$	(6,839	)	$	—		$	(6,839	)
Adjustment for sales of businesses with foreign operations	—			—			—			(525		)	—			(525		)
	(1,276		)	—			(1,276		)	(7,364		)	—			(7,364		)
Unrealized losses on available-for-sale securities:
Unrealized losses for the period, net	(4,964		)	1,986			(2,978		)	(20,333		)	8,134			(12,199		)
Reclassification of realized gain on sale of available-for-sale securities included in net income	(6,256		)	2,502			(3,754		)	—			—			—
	(11,220		)	4,488			(6,732		)	(20,333		)	8,134			(12,199		)
Pension and other postretirement plans:
Amortization of net prior service cost included in net income	209			(84		)	125			139			(55		)	84
Amortization of net actuarial loss included in net income	579			(231		)	348			1,257			(503		)	754
	788			(315		)	473			1,396			(558		)	838
Cash flow hedge:
Gain for the period	—			—			—			179			(71		)	108
Other Comprehensive Loss	$	(11,708	)	$	4,173		$	(7,535	)	$	(26,122	)	$	7,505		$	(18,617	)

Summary of Changes in Accumulated Other Comprehensive (Loss) Income

The accumulated balances related to each component of other comprehensive income (loss) are as follows:

(in thousands, net of taxes)	Cumulative Foreign Currency Translation Adjustment			Unrealized Gain on Available-for- Sale Securities			Unrealized Gain on Pensions and Other Postretirement Plans		Accumulated Other Comprehensive Income
Balance as of December 31, 2015	$	(4,849	)	$	58,500		$	261,029	$	314,680
Other comprehensive loss before reclassifications	(1,276		)	(2,978		)	—		(4,254		)
Net amount reclassified from accumulated other comprehensive income	—			(3,754		)	473		(3,281		)
Other comprehensive (loss) income, net of tax	(1,276		)	(6,732		)	473		(7,535		)
Balance as of June 30, 2016	$	(6,125	)	$	51,768		$	261,502	$	307,145

Summary of Amounts and Line Items of reclassifications Out of Accumulated Other Comprehensive (Loss) Income

The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income (Loss) are as follows:

	Three Months Ended   June 30						Six Months Ended   June 30						Affected Line Item in the Condensed Consolidated Statement of Operations
(in thousands)	2016			2015			2016			2015
Foreign Currency Translation Adjustments:
Adjustment for sales of businesses with foreign operations	$	—		$	(484	)	$	—		$	(525	)	Other income, net
Unrealized Gains on Available-for-sale Securities:
Realized gain for the period	(4,502		)	—			(6,256		)	—			Other income, net
	1,801			—			2,502			—			Provision for Income Taxes
	(2,701		)	—			(3,754		)	—			Net of Tax
Pension and Other Postretirement Plans:
Amortization of net prior service cost	105			70			209			139			(1)
Amortization of net actuarial loss	289			628			579			1,257			(1)
	394			698			788			1,396			Before tax
	(158		)	(279		)	(315		)	(558		)	Provision for Income Taxes
	236			419			473			838			Net of Tax
Cash Flow Hedge
	—			—			—			132			Interest expense
	—			—			—			(53		)	Provision for Income Taxes
	—			—			—			79			Net of Tax
Total reclassification for the period	$	(2,465	)	$	(65	)	$	(3,281	)	$	392		Net of Tax

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(1) These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 9).