XML 21 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Components of Accumulated Other Comprehensive Loss (Tables)
 12 Months Ended
Dec. 31, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of accumulated other comprehensive loss
The components of Accumulated other comprehensive loss, net of the effect of income taxes, and activity for the years ended December 31, 2014 and 2013 are as follows:
 
 
Components of Accumulated Other Comprehensive Income (Loss) - Net of Tax
(In thousands)
 
Cumulative Foreign Exchange Translation Adjustments
 
Effective Portion of Derivatives Designated as Hedging Instruments
 
Cumulative Unrecognized Actuarial Losses on Pension Obligations
 
Unrealized Loss on Marketable Securities
 
Total
Balance at December 31, 2012
 
$
62,308

 
$
(8,139
)
 
$
(465,286
)
 
$
(51
)
 
$
(411,168
)
Other comprehensive income (loss) before reclassifications
 
(39,848
)
(a)
1,060

(b)
55,581

(c)
31

 
16,824

Amounts reclassified from accumulated other comprehensive loss, net of tax
 
—

 
8

 
19,839

 
—

 
19,847

Amounts reclassified from accumulated other comprehensive loss in connection with the Infrastructure Transaction (See Note 3, Acquisition and Dispositions)
 
(15,979
)
 
(21
)
 
20,184

 
—

 
4,184

Total other comprehensive income (loss)
 
(55,827
)
 
1,047

 
95,604

 
31

 
40,855

Less: Other comprehensive (income) loss attributable to noncontrolling interests
 
(371
)
 
69

 
—

 
—

 
(302
)
Other comprehensive income (loss) attributable to Harsco Corporation
 
(56,198
)
 
1,116

 
95,604

 
31

 
40,553

Balance at December 31, 2013
 
$
6,110

 
$
(7,023
)
 
$
(369,682
)
 
$
(20
)
 
$
(370,615
)
 
 
Components of Accumulated Other Comprehensive Income (Loss) - Net of Tax
(In thousands)
 
Cumulative Foreign Exchange Translation Adjustments
 
Effective Portion of Derivatives Designated as Hedging Instruments
 
Cumulative Unrecognized Actuarial Losses on Pension Obligations
 
Unrealized Loss on Marketable Securities
 
Total
Balance at December 31, 2013
 
$
6,110

 
$
(7,023
)
 
$
(369,682
)
 
$
(20
)
 
$
(370,615
)
Other comprehensive income (loss) before reclassifications
 
(40,053
)
(a)
(1,961
)
(b)
(130,659
)
(c)
5

 
(172,668
)
Other comprehensive income (loss) from equity method investee
 
(8,635
)
 
—

 
632

 
—

 
(8,003
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
 
2,205

 
4

 
16,431

 
—

 
18,640

Amounts reclassified from accumulated other comprehensive loss in connection with the Infrastructure Transaction (See Note 3, Acquisitions and Dispositions)
 
(1,447
)
 
—

 
—

 
—

 
(1,447
)
Total other comprehensive income (loss)
 
(47,930
)
 
(1,957
)
 
(113,596
)
 
5

 
(163,478
)
Less: Other comprehensive (income) loss attributable to noncontrolling interests
 
1,647

 
(45
)
 
—

 
—

 
1,602

Other comprehensive income (loss) attributable to Harsco Corporation
 
(46,283
)
 
(2,002
)
 
(113,596
)
 
5

 
(161,876
)
Balance at December 31, 2014
 
$
(40,173
)
 
$
(9,025
)
 
$
(483,278
)
 
$
(15
)
 
$
(532,491
)
(a) Principally foreign currency fluctuation.
(b) Net change from periodic revaluations.
(c) Principally changes due to annual actuarial remeasurements.
Amounts reclassified out of accumulated other comprehensive loss
Amounts reclassified from accumulated other comprehensive loss for the years ended December 31, 2014 and 2013 are as follows:
 
 
Year Ended December 31 2014
 
Year Ended December 31 2013
 
Affected Caption in the Consolidated Statements of Operations
(In thousands)
 
Amortization of defined benefit pension items (a):
Actuarial losses
 
$
11,556

(b)
$
12,435

(b)
Selling, general and administrative expenses
Actuarial losses
 
5,898

(b)
9,064

(b)
Cost of services and products sold
Prior-service costs
 
103

(b)
298

(b)
Selling, general and administrative expenses
Prior-service costs
 
171

(b)
285

(b)
Cost of services and products sold
Total before tax
 
17,728

 
22,082

 
 
Tax benefit
 
(1,297
)
 
(2,243
)
 
 
Total reclassification of defined benefit pension items, net of tax
 
$
16,431

 
$
19,839

 
 
 
 
 
 
 
 
 
Amortization of cash flow hedging instruments (a):
Foreign currency forward exchange contracts
 
$
4

 
$
11

 
Cost of services and products sold
Tax benefit
 
—

 
(3
)
 
 
Total reclassification of cash flow hedging instruments
 
$
4

 
$
8

 
 
 
 
 
 
 
 
 
Amortization of cumulative foreign exchange translation adjustments (a):
Foreign exchange translation adjustments, before tax
 
$
2,205

 
$
—

 
Other expenses
Tax benefit
 
—

 
—

 
 
Total reclassification of cumulative foreign exchange translation adjustments
 
$
2,205

 
$
—

 
 
(a) Amounts in parentheses indicate credits to profit/loss.
(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. Please refer to Note 10, Employee Benefit Plans, for additional details.

Amounts reclassified from accumulated other comprehensive loss in connection with the asset impairment loss recognized in the Infrastructure Transaction for the years ended December 31, 2014 and 2013 are as follows:
 
 
Year Ended December 31 2014
 
Year Ended December 31 2013
 
Affected Caption in the Consolidated Statements of Operations
(In thousands)
 
Foreign exchange translation adjustments, before tax
 
$
(1,447
)
 
$
(15,979
)
 
Loss on disposal of the Harsco Infrastructure Segment and transaction costs
Tax effect
 
—

 
—

 
 
Total reclassification of foreign exchange transaction adjustments
 
$
(1,447
)
 
$
(15,979
)
 
 
 
 
 
 
 
 
 
Cash flow hedging instruments, before tax
 
$
—

 
$
(34
)
 
Loss on disposal of the Harsco Infrastructure Segment and transaction costs
Tax effect
 
—

 
13

 
 
Total reclassification of cash flow hedging instruments
 
$
—

 
$
(21
)
 
 
 
 

 
 
 
 
Defined benefit pension items, before tax
 
$
—

 
$
20,184

 
Loss on disposal of the Harsco Infrastructure Segment and transaction costs
Tax effect
 
—

 
—

 
 
Total reclassification of defined benefit pension items
 
$
—

 
$
20,184