XML 27 R37.htm IDEA: XBRL DOCUMENT v3.2.0.727
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in AOCI by component for the six months ended June 30, 2015 and the year ended December 31, 2014. All amounts are presented net of tax and exclude portions attributable to noncontrolling interest.
 
Foreign currency translation gains/ (losses)
 
Net investment hedge of New Zealand JV
 
New Zealand JV 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/(loss) before reclassifications
(11,381
)
 
(145
)
 
510

 
47,938

(a)
36,922

Amounts reclassified from accumulated other comprehensive loss

 

 
(1,716
)
 
6,108

(b)
4,392

Net other comprehensive income/(loss)
(11,381
)
 
(145
)
 
(1,206
)
 
54,046

 
41,314

Balance as of December 31, 2014

$25,533

 

($145
)
 

($1,548
)
 

($28,665
)
 

($4,825
)
Other comprehensive income/(loss) before reclassifications
(30,456
)
 
2,019

 
(3,700
)
 

 
(32,137
)
Amounts reclassified from accumulated other comprehensive loss

 

 
1,188

 
1,524

(c)
2,712

Net other comprehensive income/(loss)
(30,456
)

2,019

 
(2,512
)

1,524


(29,425
)
Balance as of June 30, 2015

($4,923
)
 

$1,874

 

($4,060
)
 

($27,141
)
 

($34,250
)
 
 
 
 
 
(a)
Reflects $78 million, net of taxes, of comprehensive income due to the transfer of losses to Rayonier Advanced Materials Pension Plans. This comprehensive income was offset by $30 million, net of taxes, of losses as a result of revaluations required due to the spin-off at December 31, 2014. See Note 22 — Employee Benefit Plans in the 2014 Form 10-K for additional information.
(b)
This accumulated other comprehensive income component is comprised of $5 million from the computation of net periodic pension cost and the $1 million write-off of a deferred tax asset related to the revaluation and transfer of liabilities as a result of the spin-off.
(c)
This component of other comprehensive income is included in the computation of net periodic pension cost. See Note 13Employee Benefit Plans for additional information.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents details of the amounts reclassified in their entirety from AOCI to net income for the six months ended June 30, 2015 and June 30, 2014:
Details about accumulated other comprehensive income components
 
Amount reclassified from accumulated other comprehensive income
 
Affected line item in the income statement
 
 
June 30, 2015
 
June 30, 2014
 
 
Realized loss (gain) on foreign currency exchange contracts
 

$1,504

 

($2,542
)
 
Other operating income, net
Realized loss (gain) on foreign currency option contracts
 
1,035

 
(937
)
 
Other operating income, net
Noncontrolling interest
 
(889
)
 
1,218

 
Comprehensive (loss) income attributable to noncontrolling interest
Income tax (benefit) expense on loss from foreign currency contracts
 
(462
)
 
254

 
Income tax benefit
Net gain on cash flow hedges reclassified from accumulated other comprehensive income
 
1,188

 
(2,007
)
 
 
Income tax expense on pension plan contributed to Rayonier Advanced Materials
 

 
843

 
Income tax expense
Net loss (gain) from accumulated other comprehensive income
 

$1,188

 

($1,164
)