XML 147 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component, net of related tax, are as follows:
 
Cumulative currency translation adjustment
 
Benefit plan
liability
 
Unrealized gain on investment securities
 
Fair value change of derivatives
 
Accumulated other comprehensive loss
Balance at December 31, 2011
$
15,018

 
$
(27,658
)
 
$
—

 
$
171

 
$
(12,469
)
Other comprehensive income (loss) before reclassifications
3,302

 
(35,811
)
 
—

 
69

 
(32,440
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(549
)
 
—

 
10

 
(539
)
Net current period other comprehensive income (loss)(1)
3,302

 
(36,360
)
 
—

 
79

 
(32,979
)
Balance at December 31, 2012
$
18,320

 
$
(64,018
)
 
$
—

 
$
250

 
$
(45,448
)
Other comprehensive income (loss) before reclassifications
(12,608
)
 
29,559

 
—

 
47

 
16,998

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
1,053

 
—

 
(297
)
 
756

Net current period other comprehensive income (loss)(1)
(12,608
)
 
30,612

 
—

 
(250
)
 
17,754

Balance at December 31, 2013
$
5,712

 
$
(33,406
)
 
$
—

 
$
—

 
$
(27,694
)
Other comprehensive income (loss) before reclassifications
(56,083
)
 
(53,587
)
 
1,146

 
(1,857
)
 
(110,381
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
132

 
(1,146
)
 
(154
)
 
(1,168
)
Net current period other comprehensive income (loss)(1)
(56,083
)
 
(53,455
)
 
—

 
(2,011
)
 
(111,549
)
Balance at December 31, 2014
$
(50,371
)
 
$
(86,861
)
 
—

 
(2,011
)
 
$
(139,243
)
(1)
Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $10,055, $(17,224), and $19,096 for the years ended December 31, 2012, 2013 and 2014. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(29), $99 and $1,253 for the years ended December 31, 2012, 2013 and 2014.
(2)
The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which was recorded in other expense, net, less income tax expense of $736.
The reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2014 are as follows:
Details about accumulated other comprehensive income (loss) components
 
Gain (loss) reclassified
 
Location of gain (loss) reclassified into income
Fair value change of derivatives
 
 
 
 
Interest rate contracts
 
$
—

 
Interest expense, net of interest income
Foreign exchange contracts
 
182

 
Cost of products sold
 
 
182

 
Income before income taxes
 
 
(28
)
 
Income tax expense
 
 
$
154

 
Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
 
 
 
 
Prior service credits
 
$
364

 
(1)
Actuarial losses
 
(61
)
 
(1)
 
 
303

 
Income before income taxes
 
 
(435
)
 
Income tax expense
 
 
$
(132
)
 
Consolidated net income
Total reclassifications for the period
 
$
22

 
 
 
(1)
These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. (See Note 8. “Pensions” and Note 9. “Postretirement Benefits other than Pensions” for additional details.)