XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Components of Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Components of Accumulated Other Comprehensive Loss
Components of Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss is included on the Condensed Consolidated Statements of Equity. The components of Accumulated other comprehensive loss, net of the effect of income taxes, and activity for the nine months ended September 30, 2015 and 2016 was 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, 2014
 
$
(39,938
)
 
$
(9,025
)
 
$
(483,278
)
 
$
(15
)
 
$
(532,256
)
Other comprehensive income (loss) before reclassifications
 
(61,537
)
(a)
10,905

(b)
12,012

(a)
(12
)
 
(38,632
)
Realized (gains) losses reclassified from accumulated other comprehensive loss, net of tax
 
—

 
(52
)
 
15,188

 
—

 
15,136

Other comprehensive income (loss) from equity method investee
 
(13,134
)
 
(808
)
 
596

 
—

 
(13,346
)
Total other comprehensive income (loss)
 
(74,671
)
 
10,045

 
27,796

 
(12
)
 
(36,842
)
Less: Other comprehensive loss attributable to noncontrolling interests
 
2,187

 
8

 
—

 
—

 
2,195

Other comprehensive income (loss) attributable to Harsco Corporation
 
(72,484
)
 
10,053

 
27,796

 
(12
)
 
(34,647
)
Balance at September 30, 2015
 
$
(112,422
)
 
$
1,028

 
$
(455,482
)
 
$
(27
)
 
$
(566,903
)
 
 
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, 2015
 
$
(125,561
)
 
$
(400
)
 
$
(389,696
)
 
$
(31
)
 
$
(515,688
)
Other comprehensive income (loss) before reclassifications
 
(23,744
)
(a)
(1,915
)
(b)
32,067

(a)
11

 
6,419

Realized (gains) losses reclassified from accumulated other comprehensive loss, net of tax
 
—

 
(258
)
 
12,168

 
—

 
11,910

Realized (gains) losses reclassified from accumulated other comprehensive loss in connection with loss on dilution of equity method investment (See Note 4, Equity Method Investments)
 
28,641

 
1,636

 
(1,534
)
 
—

 
28,743

Other comprehensive income (loss) from equity method investee
 
1,943

 
(405
)
 
306

 
—

 
1,844

Total other comprehensive income (loss)
 
6,840

 
(942
)
 
43,007

 
11

 
48,916

Less: Other comprehensive (income) loss attributable to noncontrolling interests
 
420

 
(7
)
 
—

 
—

 
413

Other comprehensive income (loss) attributable to Harsco Corporation
 
7,260

 
(949
)
 
43,007

 
11

 
49,329

Balance at September 30, 2016
 
$
(118,301
)
 
$
(1,349
)
 
$
(346,689
)
 
$
(20
)
 
$
(466,359
)
(a)
Principally foreign currency fluctuation.
(b)
Net change from periodic revaluations.

Realized (gains) losses reclassified from accumulated other comprehensive loss are as follows:
(In thousands)
 
Three Months Ended
 
Nine Months Ended
 
Affected Caption in the Condensed Consolidated Statements of Operations
 
September 30
2016
 
September 30
2015
 
September 30
2016
 
September 30
2015
Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts
 
$
—

 
$
—

 
$
(408
)
 
$
—

 
Product revenues
Foreign currency exchange forward contracts
 
—

 
(78
)
 
(1
)
 
(80
)
 
Cost of services and products sold
Total before tax
 
—

 
(78
)
 
(409
)
 
(80
)
 
 
Tax expense
 
—

 
28

 
151

 
28

 
 
Total reclassification of cash flow hedging instruments, net of tax
 
$
—

 
$
(50
)
 
$
(258
)
 
$
(52
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of defined benefit pension items:
Actuarial losses (c)
 
$
2,042

 
$
4,000

 
$
6,703

 
$
11,942

 
Selling, general and administrative expenses
Actuarial losses (c)
 
2,253

 
1,473

 
6,696

 
4,447

 
Cost of services and products sold
Prior-service costs (benefits) (c)
 
(5
)
 
31

 
(9
)
 
93

 
Selling, general and administrative expenses
Prior-service costs (c)
 
66

 
36

 
190

 
111

 
Cost of services and products sold
Settlement/curtailment losses
 
223

 
—

 
223

 
—

 
Selling, general and administrative expenses
Total before tax
 
4,579

 
5,540

 
13,803

 
16,593

 
 
Tax benefit
 
(601
)
 
(466
)
 
(1,635
)
 
(1,405
)
 
 
Total reclassification of defined benefit pension items, net of tax
 
$
3,978

 
$
5,074

 
$
12,168

 
$
15,188

 
 

(c) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See Note 8, Employee Benefit Plans, for additional details.



Realized (gains) losses reclassified from accumulated other comprehensive loss in connection with loss on dilution and sale
of equity method investment are as follows:
(In thousands)
 
Three Months Ended
 
Nine Months Ended
 
Affected Caption in the Condensed Consolidated Statements of Operations
 
September 30
2016
 
September 30
2016
 
Foreign exchange translation adjustments
 
$
40,525

 
$
45,405

 
Change in fair value to the adjustment liability and loss on dilution and sale of equity method investment
Cash flow hedging instruments
 
2,425

 
2,593

 
Change in fair value to the adjustment liability and loss on dilution and sale of equity method investment
Defined benefit pension obligations
 
(2,198
)
 
(2,433
)
 
Change in fair value to the adjustment liability and loss on dilution and sale of equity method investment
Total before tax
 
40,752

 
45,565

 
 
Tax benefit (d)
 
(15,046
)
 
(16,822
)
 
 
Total amounts reclassified from accumulated other comprehensive loss in connection with loss on dilution and sale of equity method investment
 
$
25,706

 
$
28,743

 
 
(d) For the three months ended September 30, 2016 the tax benefit was not recognized in the condensed consolidated statement of operations since a valuation allowance was established against the resulting deferred tax assets. See Note 9, Income Taxes, for additional information.