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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
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:
(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2017
$
(297,416
)
 
$
(10,332
)
 
$
(329,734
)
 
$
(637,482
)
OCI before reclassifications
14,803

 
(2,938
)
 
—

 
11,865

Amounts reclassified from AOCI
—

 
2,409

 
2,629

 
5,038

Net current period other comprehensive income (loss)
14,803

 
(529
)
 
2,629

 
16,903

Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2018
$
(282,613
)
 
$
(10,861
)
 
$
(327,105
)
 
$
(620,579
)

(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
(Losses) Gains on
Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2016
$
(352,025
)
 
$
7,604

 
$
(335,674
)
 
$
(680,095
)
OCI before reclassifications
8,957

 
(1,481
)
 
—

 
7,476

Amounts reclassified from AOCI
(12,214
)
(a)
(270
)
 
3,635

 
(8,849
)
Net current period other comprehensive income (loss)
(3,257
)
 
(1,751
)
 
3,635

 
(1,373
)
Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2017
$
(355,282
)
 
$
5,853

 
$
(332,039
)
 
$
(681,468
)

 _______________________
 (a) Represents a foreign currency exchange gain from the release of a currency translation adjustment upon the liquidation of a foreign entity in 2017.
The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Income and Comprehensive Income: 
 
Three Months Ended March 31,
 
Affected Line Item in the
Consolidated Statement
of Income and Comprehensive Income
(DOLLARS IN THOUSANDS)
2018
 
2017
 
(Losses) gains on derivatives qualifying as hedges
 
 
 
 
 
Foreign currency contracts
$
(2,506
)
 
$
524

 
Cost of goods sold
Interest rate swaps
(216
)
 
(188
)
 
Interest expense
Tax
313

 
(66
)
 
Provision for income taxes
Total
$
(2,409
)
 
$
270

 
Total, net of income taxes
(Losses) gains on pension and postretirement liability adjustments
 
 
 
 
 
Prior service cost
$
1,772

 
$
1,753

 
(a)
Actuarial losses
(5,103
)
 
(6,423
)
 
(a)
Tax
702

 
1,035

 
Provision for income taxes
Total
$
(2,629
)
 
$
(3,635
)
 
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 2017 Form 10-K for additional information regarding net periodic benefit cost.