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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
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, 2014
$
(173,342
)
 
$
12,371

 
$
(379,459
)
 
$
(540,430
)
OCI before reclassifications
(32,958
)
 
10,563

 
—

 
(22,395
)
Amounts reclassified from AOCI
—

 
(4,446
)
 
11,023

 
6,577

Net current period other comprehensive income (loss)
(32,958
)
 
6,117

 
11,023

 
(15,818
)
Accumulated other comprehensive (loss) income, net of tax, as of June 30, 2015
$
(206,300
)
 
$
18,488

 
$
(368,436
)
 
$
(556,248
)
 
 
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
(1,826
)
 
443

 
—

 
(1,383
)
Amounts reclassified from AOCI
—

 
1,615

 
8,765

 
10,380

Net current period other comprehensive income (loss)
(1,826
)
 
2,058

 
8,765

 
8,997

Accumulated other comprehensive (loss) income, net of tax, as of June 30, 2014
$
(106,104
)
 
$
(1,954
)
 
$
(275,656
)
 
$
(383,714
)


The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Comprehensive Income: 
 
Six Months Ended June 30, 2015
 
Six Months Ended June 30, 2014
 
Affected Line Item in the
Consolidated Statement
of Comprehensive  Income
(DOLLARS IN THOUSANDS)
 
 
 
 
 
(Losses) gains on derivatives qualifying as hedges
 
 
 
 
 
Foreign currency contracts
5,239

 
(2,038
)
 
Cost of goods sold
Interest rate swaps
(138
)
 
(137
)
 
Interest expense
 
(655
)
 
560

 
Provision for income taxes
 
$
4,446

 
$
(1,615
)
 
Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
 
 
 
 
 
Prior service cost
2,318

 
(14,729
)
 
(a) 
Actuarial losses
(18,102
)
 
2,224

 
(a) 
 
4,761

 
3,740

 
Provision for income taxes
 
$
(11,023
)
 
$
(8,765
)
 
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 2014 Form 10-K for additional information regarding net periodic benefit cost.