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.
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