Schedule of Changes in Accumulated Other Comprehensive Income (Loss) |
The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income: | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | (Losses) Gains on Derivatives Qualifying as Hedges | | Pension and Postretirement Liability Adjustment | | Total | (DOLLARS IN THOUSANDS) | | | | | | | | Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2013 | $ | (104,278 | ) | | $ | (4,012 | ) | | $ | (284,421 | ) | | $ | (392,711 | ) | OCI before reclassifications | (9,396 | ) | | (361 | ) | | — |
| | (9,757 | ) | Amounts reclassified from AOCI | — |
| | 821 |
| | 4,365 |
| | 5,186 |
| Net current period other comprehensive income (loss) | (9,396 | ) | | 460 |
| | 4,365 |
| | (4,571 | ) | Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2014 | $ | (113,674 | ) | | $ | (3,552 | ) | | $ | (280,056 | ) | | $ | (397,282 | ) |
| | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | (Losses) Gains on Derivatives Qualifying as Hedges | | Pension and Postretirement Liability Adjustment | | Total | (DOLLARS IN THOUSANDS) | | | | | | | | Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2012 | $ | (93,722 | ) | | $ | (218 | ) | | $ | (309,685 | ) | | $ | (403,625 | ) | OCI before reclassifications | 226 |
| | 1,370 |
| | — |
| | 1,596 |
| Amounts reclassified from AOCI | — |
| | (1,498 | ) | | 5,132 |
| | 3,634 |
| Net current period other comprehensive income (loss) | 226 |
| | (128 | ) | | 5,132 |
| | 5,230 |
| Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2013 | $ | (93,496 | ) | | $ | (346 | ) | | $ | (304,553 | ) | | $ | (398,395 | ) |
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Reclassifications of Accumulated Other Comprehensive Income to Consolidated Statement of Comprehensive Income |
The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Comprehensive Income: | | | | | | | | | | | | Three Months Ended March 31, 2014 | | Three Months Ended March 31, 2013 | | Affected Line Item in the Consolidated Statement of Comprehensive Income | (DOLLARS IN THOUSANDS) | | | | | | (Losses) gains on derivatives qualifying as hedges | | | | | | Cross currency swap | $ | — |
| | $ | (215 | ) | | Other (income) expense, net | Foreign currency contracts | (1,038 | ) | | 2,363 |
| | Cost of goods sold | Interest rate swaps | (69 | ) | | — |
| | Interest expense | | 286 |
| | (650 | ) | | Provision for income taxes | | $ | (821 | ) | | $ | 1,498 |
| | Total, net of income taxes | (Losses) gains on pension and postretirement liability adjustments | | | | | | Settlements / Curtailments | $ | — |
| | $ | (40 | ) | | (a) | Prior service cost | 1,111 |
| | 1,098 |
| | (a) | Actuarial losses | (7,343 | ) | | (8,672 | ) | | (a) | | 1,867 |
| | 2,482 |
| | Provision for income taxes | | $ | (4,365 | ) | | $ | (5,132 | ) | | Total, net of income taxes |
| | (a) | The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 13 of our 2013 Form 10-K for additional information regarding net periodic benefit cost. |
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