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ACCUMULATED OTHER COMPREHENSIVE INCOME
9 Months Ended
Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME
The following table summarizes the changes in AOCI by component for the nine months ended September 30, 2014. All amounts are presented net of tax and exclude portions attributable to noncontrolling interest.
 
Foreign currency translation gains
 
New Zealand joint venture cash flow hedges
 
Unrecognized components of employee benefit plans
 
Total
Balance as of December 31, 2013
$
36,914

 
$
(342
)
 
$
(82,711
)
 
$
(46,139
)
Other comprehensive income before reclassifications
(11,770
)
 
172

 
57,770

(a)
46,172

Amounts reclassified from accumulated other comprehensive income

 
(1,929
)
 
5,465

(b)
3,536

Net other comprehensive income
(11,770
)
 
(1,757
)

63,235


49,708

Balance as of September 30, 2014
$
25,144

 
$
(2,099
)
 
$
(19,476
)
 
$
3,569

(a)
Reflects $78 million, net of taxes, of additional losses transferred to Rayonier Advanced Materials Pension Plans offset by $20 million, net of taxes, of additional losses as a result of the revaluation required due to the spin-off. See Note 17Employee Benefit Plans for additional information.
(b)
This accumulated other comprehensive income component is comprised of $4 million in the computation of net periodic pension cost and $1 million of deferred tax asset related to the revaluation and transfer of liabilities as a result of the spin-off.
The following table presents details of the amounts reclassified in their entirety from AOCI for the nine months ended September 30, 2014:
Details about accumulated other comprehensive income components
 
Amount reclassified from accumulated other comprehensive income
 
Affected line item in the income statement
Realized gain on foreign currency exchange contracts
 
$
(3,194
)
 
Other operating income, net
Realized gain on foreign currency option contracts
 
(1,058
)
 
Other operating income, net
Noncontrolling interest
 
1,488

 
Comprehensive loss (income) attributable to noncontrolling interest
Income tax expense on gain from foreign currency contracts
 
835

 
Income tax benefit
Net gain on cash flow hedges reclassified from accumulated other comprehensive income
 
(1,929
)
 
 
Income tax expense on pension plan contributed to Rayonier Advanced Materials
 
843

 
Income tax benefit
Net gain reclassified from accumulated other comprehensive income
 
$
(1,086
)