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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
 
(in thousands)
Net income
$
189,972

 
$
191,369

 
$
350,132

 
$
349,394

Other comprehensive income (loss):
 
 
 
 
 
 
 
Foreign currency translation
23,157

 
(24,422
)
 
80,177

 
38,944

Pension and other post-retirement benefit adjustments:
 
 
 
 
 
 
 
Recognition of prior service credit, net of tax
(213
)
 
(222
)
 
(425
)
 
(444
)
Recognition of actuarial loss, net of tax
5,936

 
4,998

 
11,880

 
9,953

Total other comprehensive income (loss)
28,880

 
(19,646
)
 
91,632

 
48,453

Comprehensive income
$
218,852

 
$
171,723

 
$
441,764

 
$
397,847
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:
 
 
2017
 
Changes in Accumulated Other
Comprehensive Loss by Component
 
Pension and
Other Post-
Retirement
Benefits
 
Foreign
Currency
Translation
 
Total
 
(in thousands)
Beginning balance, January 1
$
(609,080
)
 
$
(403,941
)
 
$
(1,013,021
)
Other comprehensive income before reclassifications, net of tax
—

 
80,177

 
80,177

Amounts reclassified from accumulated other comprehensive loss, net of tax
11,455

 
—

 
11,455

Net current period other comprehensive income
11,455

 
80,177

 
91,632

Ending balance, June 30
$
(597,625
)
 
$
(323,764
)
 
$
(921,389
)
 
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
)