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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
 9 Months Ended
Sep. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The following table summarizes the changes in AOCI by component for the nine months ended September 30, 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 before reclassifications
7,387

 
—

 
22,024

 
3,020

(b)
32,431

Amounts reclassified from accumulated other comprehensive income
—

 
(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
13,335

 
—

 
202

(a)
—

 
13,537

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
(2,104
)
 
349

(c)
(1,755
)
Net other comprehensive income/(loss)
13,335

 
—

 
(1,902
)

349


11,782

Balance as of September 30, 2017

$21,894

 

$1,665

 

$8,929

 

($19,850
)
 

$12,638

 
 
 
 
 
(a)
Includes $2.9 million of other comprehensive loss 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.

The following table presents details of the amounts reclassified in their entirety from AOCI to net income for the nine months ended September 30, 2017 and September 30, 2016:
Details about accumulated other comprehensive income components
 
Amount reclassified from accumulated other comprehensive income
 
Affected line item in the income statement
 
 
September 30, 2017
 
September 30, 2016
 
 
Realized (gain) loss on foreign currency exchange contracts
 

($2,928
)
 

$43

 
Other operating income, net
Realized (gain) loss on foreign currency option contracts
 
(867
)
 
502

 
Other operating income, net
Noncontrolling interest
 
873

 
(235
)
 
Comprehensive income attributable to noncontrolling interest
Income tax expense (benefit) from (gain) loss on foreign currency contracts
 
818

 
(87
)
 
Income tax expense
Net (gain) loss from accumulated other comprehensive income
 

($2,104
)
 

$223