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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2017
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, 2016
$
(352,025
)
 
$
7,604

 
$
(335,674
)
 
$
(680,095
)
OCI before reclassifications
22,304

 
(11,629
)
 
—

 
10,675

Amounts reclassified from AOCI
(12,214
)
 
(1,890
)
 
7,323

 
(6,781
)
Net current period other comprehensive income (loss)
10,090

 
(13,519
)
 
7,323

 
3,894

Accumulated other comprehensive (loss) income, net of tax, as of June 30, 2017
$
(341,935
)
 
$
(5,915
)
 
$
(328,351
)
 
$
(676,201
)
 
 
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, 2015
$
(297,499
)
 
$
9,401

 
$
(325,342
)
 
$
(613,440
)
OCI before reclassifications
9,389

 
(4,297
)
 
—

 
5,092

Amounts reclassified from AOCI
—

 
(5,095
)
 
5,133

 
38

Net current period other comprehensive income (loss)
9,389

 
(9,392
)
 
5,133

 
5,130

Accumulated other comprehensive (loss) income, net of tax, as of June 30, 2016
$
(288,110
)
 
$
9

 
$
(320,209
)
 
$
(608,310
)


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, 2017
 
Six Months Ended June 30, 2016
 
Affected Line Item in the
Consolidated Statement
of Comprehensive  Income
(DOLLARS IN THOUSANDS)
 
 
 
 
 
(Losses) gains on derivatives qualifying as hedges
 
 
 
 
 
Foreign currency contracts
$
2,568

 
$
6,117

 
Cost of goods sold
Interest rate swaps
(357
)
 
(257
)
 
Interest expense
 
(321
)
 
(765
)
 
Provision for income taxes
 
$
1,890

 
$
5,095

 
Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
 
 
 
 
 
Prior service cost
$
(3,512
)
 
$
3,735

 
(a) 
Actuarial losses
(12,982
)
 
(10,347
)
 
(a) 
 
9,171

 
1,479

 
Provision for income taxes
 
$
(7,323
)
 
$
(5,133
)
 
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 14 of our 2016 Form 10-K for additional information regarding net periodic benefit cost.