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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Comprehensive Income (Loss)
The difference between comprehensive income and net income was due to foreign currency translation adjustments and pension and other post-retirement benefit adjustments, as summarized below.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands)
 
(in thousands)
Net income
$
191,369

 
$
195,373

 
$
349,394

 
$
356,383

Other comprehensive income (loss):
 
 
 
 
 
 
 
Foreign currency translation
(24,422
)
 
12,315

 
38,944

 
(100,994
)
Pension and other post-retirement benefit adjustments:
 
 
 
 
 
 
 
Recognition of prior service credit, net of tax
(222
)
 
(241
)
 
(444
)
 
(481
)
Recognition of actuarial loss, net of tax
4,998

 
6,107

 
9,953

 
12,185

Total other comprehensive (loss) income
(19,646
)
 
18,181

 
48,453

 
(89,290
)
Comprehensive income
$
171,723

 
$
213,554

 
$
397,847

 
$
267,093
Changes in Accumulated Other Comprehensive Income (Loss)
The following tables present the changes in accumulated other comprehensive loss by component for the six months ended June 30:
 
 
2016
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and
Other Post-
Retirement
Benefits
 
Foreign
Currency
Translation
 
Total
 
(in thousands)
Beginning balance, January 1
$
(535,634
)
 
$
(394,984
)
 
$
(930,618
)
Other comprehensive income before reclassifications, net of tax
—

 
38,944

 
38,944

Amounts reclassified from accumulated other comprehensive loss, net of tax
9,509

 
—

 
9,509

Net current period other comprehensive income
9,509

 
38,944

 
48,453

Ending balance, June 30
$
(526,125
)
 
$
(356,040
)
 
$
(882,165
)
 
2015
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and
Other Post-
Retirement
Benefits
 
Foreign
Currency
Translation
 
Total
 
(in thousands)
Beginning balance, January 1
$
(533,213
)
 
$
(186,998
)
 
$
(720,211
)
Other comprehensive loss before reclassifications, net of tax
—

 
(100,994
)
 
(100,994
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
11,704

 
—

 
11,704

Net current period other comprehensive income (loss)
11,704

 
(100,994
)
 
(89,290
)
Ending balance, June 30
$
(521,509
)
 
$
(287,992
)
 
$
(809,501
)