XML 54 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)
 3 Months Ended
Mar. 31, 2017
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 three months ended March 31, 2017 and the year ended December 31, 2016. All amounts are presented net of tax and exclude portions attributable to noncontrolling interest.
 
Foreign currency translation gains/ (losses)
 
Net investment hedges of New Zealand JV
 
Cash flow hedges
 
Employee benefit plans
 
Total
Balance as of December 31, 2015

($2,450
)
 

$6,271

 

($11,592
)
 

($25,732
)
 

($33,503
)
Other comprehensive income/(loss) before reclassifications
7,387

 
—

 
22,024

 
3,020

(b)
32,431

Amounts reclassified from accumulated other comprehensive loss
—

 
(4,606
)
 
583

 
2,513

(c)
(1,510
)
Net other comprehensive income/(loss)
7,387

 
(4,606
)
 
22,607

 
5,533

 
30,921

Recapitalization of New Zealand JV
3,622

 
—

 
(184
)
 
—

 
3,438

Balance as of December 31, 2016

$8,559

 

$1,665

 

$10,831

 

($20,199
)
 

$856

Other comprehensive income before reclassifications
2,002

 
—

 
2,975

(a)
—

 
4,977

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
(404
)
 
116

(c)
(288
)
Net other comprehensive income
2,002

 
—

 
2,571


116


4,689

Balance as of March 31, 2017

$10,561

 

$1,665

 

$13,402

 

($20,083
)
 

$5,545

 
 
 
 
 
(a)
Includes $2.6 million of other comprehensive gain related to interest rate swaps. See Note 11 — Derivative Financial Instruments and Hedging Activities for additional information.
(b)
This accumulated other comprehensive income component is comprised of $2.4 million from the annual computation of pension liabilities and a $5.4 million curtailment gain. See Note 15 — Employee Benefit Plans of the 2016 Form 10-K for additional information.
(c)
This component of other comprehensive income is included in the computation of net periodic pension cost. See Note 13 — Employee 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 three months ended March 31, 2017 and March 31, 2016:
Details about accumulated other comprehensive income components
 
Amount reclassified from accumulated other comprehensive income
 
Affected line item in the income statement
 
 
March 31, 2017
 
March 31, 2016
 
 
Realized (gain) loss on foreign currency exchange contracts
 

($446
)
 

$334

 
Other operating income, net
Realized (gain) loss on foreign currency option contracts
 
(282
)
 
554

 
Other operating income, net
Noncontrolling interest
 
168

 
(314
)
 
Comprehensive income (loss) attributable to noncontrolling interest
Income tax (expense) benefit on loss from foreign currency contracts
 
156

 
(161
)
 
Income tax (expense) benefit
Net (gain) loss from accumulated other comprehensive income
 

($404
)
 

$413