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Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Changes in the components of accumulated other comprehensive income, including amounts reclassified out, for 2015, 2014 and 2013, and the balances in accumulated other comprehensive income as of December 31, 2015, 2014, and 2013 are as follows:
 
 
Gains and Losses
On Cash Flow Hedges
 
Pension and Post- Employment Benefits
 
Foreign Currency Translation
 
 
(Thousands)
 
Foreign Currency
 
Precious Metals
 
Total
Total
Accumulated other comprehensive income as of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
Gross
 
$
253

 
$
97

 
$
350

 
$
(127,541
)
 
$
4,077

 
$
(123,114
)
Deferred tax expense (benefit)
 
(1,314
)
 
34

 
(1,280
)
 
(33,405
)
 

 
(34,685
)
Net
 
$
1,567

 
$
63

 
$
1,630

 
$
(94,136
)
 
$
4,077

 
$
(88,429
)
2013 activity
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
$
618

 
$
4

 
$
622

 
$
42,553

 
$
(3,790
)
 
$
39,385

Amounts reclassified from accumulated other comprehensive income
 
(958
)
 
(120
)
 
(1,078
)
 
7,687

 

 
6,609

Net current period other comprehensive income (loss) before tax
 
(340
)
 
(116
)

(456
)
 
50,240

 
(3,790
)
 
45,994

Deferred taxes on current period activity
 
(119
)
 
(41
)
 
(160
)
 
17,613

 

 
17,453

2013 other comprehensive income (loss) after tax
 
(221
)
 
(75
)
 
(296
)
 
32,627

 
(3,790
)
 
28,541

Accumulated other comprehensive income as of December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Gross
 
(87
)
 
(19
)
 
(106
)
 
(77,301
)
 
287

 
(77,120
)
Deferred tax (benefit)
 
(1,433
)
 
(7
)
 
(1,440
)
 
(15,792
)
 

 
(17,232
)
Net
 
$
1,346


$
(12
)
 
$
1,334

 
$
(61,509
)
 
$
287

 
$
(59,888
)
2014 activity












Other comprehensive income (loss) before reclassifications

$
3,456


$
19


$
3,475


$
(35,109
)

$
(4,440
)

$
(36,074
)
Amounts reclassified from accumulated other comprehensive income

87




87


3,330




3,417

Net current period other comprehensive income (loss) before tax

3,543


19


3,562


(31,779
)

(4,440
)

(32,657
)
Deferred taxes on current period activity

1,311


7


1,318


(11,626
)



(10,308
)
2014 other comprehensive income (loss) after tax

2,232


12


2,244


(20,153
)

(4,440
)

(22,349
)
Accumulated other comprehensive income as of December 31, 2014












Gross

3,456




3,456


(109,080
)

(4,153
)

(109,777
)
Deferred tax (benefit)

(122
)



(122
)

(27,418
)



(27,540
)
Net

$
3,578


$


$
3,578


$
(81,662
)

$
(4,153
)

$
(82,237
)
2015 activity
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
$
2,995

 
$

 
$
2,995

 
$
2,249

 
$
(1,335
)
 
$
3,909

Amounts reclassified from accumulated other comprehensive income
 
(6,169
)
 

 
(6,169
)
 
5,580

 

 
(589
)
Net current period other comprehensive income (loss) before tax
 
(3,174
)
 

 
(3,174
)
 
7,829

 
(1,335
)
 
3,320

Deferred taxes on current period activity
 
(1,175
)
 

 
(1,175
)
 
2,963

 

 
1,788

2015 other comprehensive income (loss) after tax
 
(1,999
)
 

 
(1,999
)
 
4,866

 
(1,335
)
 
1,532

Accumulated other comprehensive income as of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Gross
 
282

 

 
282

 
(101,251
)
 
(5,488
)
 
(106,457
)
Deferred tax (benefit)
 
(1,297
)
 

 
(1,297
)
 
(24,455
)
 

 
(25,752
)
Net
 
$
1,579

 
$

 
$
1,579

 
$
(76,796
)
 
$
(5,488
)
 
$
(80,705
)

Reclassifications from accumulated other comprehensive income of gains and losses on foreign currency cash flow hedges are recorded in Other-net in the Consolidated Statements of Income while gains and losses on precious metal cash flow hedges are recorded in Cost of sales in the Consolidated Statements of Income. Refer to Note Q for additional details on cash flow hedges.

Reclassifications from accumulated other comprehensive income for pension and post-employment benefits are included in the computation of the net periodic pension and post-employment benefit expense. Refer to Note N for additional details on pension and other post-employment expenses.