| Components of accumulated other comprehensive (loss) income |
The following tables set forth the total changes in AOCI by component, net of taxes for the three months ended June 30, 2014 and 2013: | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2014 | | | Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges | | Defined benefit pension plan activity | | Currency translation adjustment | | Total | Balance at March 31, 2014 | | $ | (52 | ) |
| $ | (158,149 | ) |
| $ | (4,656 | ) | | $ | (162,857 | ) | Other comprehensive (loss) income before reclassification | | (173 | ) |
| — |
|
| 12,106 |
| 3 |
| 11,933 |
| Amounts reclassified from AOCI | | (3 | ) | 1 |
| 2,536 |
| 2 |
| — |
| | 2,533 |
| Net current-period other comprehensive (loss) income | | (176 | ) | | 2,536 |
| | 12,106 |
| | 14,466 |
| Balance at June 30, 2014 | | $ | (228 | ) | | $ | (155,613 | ) | | $ | 7,450 |
| | $ | (148,391 | ) | | | | | | | | | | | | Three Months Ended June 30, 2013 | | | Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges | | Defined benefit pension plan activity | | Currency translation adjustment | | Total | Balance at March 31, 2013 | | $ | 682 |
|
| $ | (256,739 | ) |
| $ | 12,012 |
| | $ | (244,045 | ) | Other comprehensive (loss) income before reclassification | | (4 | ) |
| — |
|
| (20,699 | ) | 3 |
| (20,703 | ) | Amounts reclassified from AOCI | | (11 | ) | 1 |
| 4,972 |
| 2 |
| — |
| | 4,961 |
| Net current-period other comprehensive (loss) income | | (15 | ) | | 4,972 |
| | (20,699 | ) | | (15,742 | ) | Balance at June 30, 2013 | | $ | 667 |
| | $ | (251,767 | ) | | $ | (8,687 | ) | | $ | (259,787 | ) | | | | | | | | | |
| | 1 | During the 2014 period, this AOCI reclassification is a component of Net sales of $(82) (net of tax of $(10)) and Cost of goods sold of $79 (net of tax of $19); during the 2013 period, the reclassification is a component of Net sales of $201 (net of tax of $32) and Cost of goods sold of $212 (net of tax of $73). (See Note 17 - Derivatives for additional details.) |
| | 2 | This AOCI component is included in the computation of net periodic pension costs (net of tax of $1,423 and $3,114 during the three months ended June 30, 2014 and 2013, respectively). (See Note 15 - Retirement and Postretirement Benefit Plans for additional details.) |
| | 3 | The Other comprehensive income before reclassifications excludes $24 and $(162) attributable to Non-controlling interests in the three months ended June 30, 2014 and 2013, respectively. (See Note 9 - Equity for additional details.) |
The following tables set forth the total changes in AOCI by component, net of taxes for the six months ended June 30, 2014 and 2013: | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2014 | | | Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges | | Defined benefit pension plan activity | | Currency translation adjustment | | Total | Balance at December 31, 2013 | | $ | 369 |
| | $ | (160,693 | ) | | $ | 8,383 |
| | $ | (151,941 | ) | Other comprehensive (loss) income
before reclassification | | (883 | ) | | — |
| | (933 | ) | 3 |
| (1,816 | ) | Amounts reclassified from AOCI | | 286 |
| 1 |
| 5,080 |
| 2 |
| — |
|
| 5,366 |
| Net current-period other
comprehensive (loss) income | | (597 | ) | | 5,080 |
| | (933 | ) | | 3,550 |
| Balance at June 30, 2014 | | $ | (228 | ) | | $ | (155,613 | ) | | $ | 7,450 |
| | $ | (148,391 | ) | | | | | | | | | | | | Six months ended June 30, 2013 | | | Unrealized (loss) gain on derivatives designated and qualifying as cash flow hedges | | Defined benefit pension plan activity | | Currency translation adjustment | | Total | Balance at December 31, 2012 | | $ | 80 |
| | $ | (261,844 | ) | | $ | 26,364 |
| | $ | (235,400 | ) | Other comprehensive (loss) income
before reclassification | | 1,078 |
| | — |
| | (35,051 | ) | 3 |
| (33,973 | ) | Amounts reclassified from AOCI | | (491 | ) | 1 |
| 10,077 |
| 2 |
| — |
| | 9,586 |
| Net current-period other
comprehensive (loss) income | | 587 |
| | 10,077 |
| | (35,051 | ) | | (24,387 | ) | Balance at June 30, 2013 | | $ | 667 |
| | $ | (251,767 | ) | | $ | (8,687 | ) | | $ | (259,787 | ) | | | | | | | | | |
| | 1 | During the 2014 period, this AOCI reclassification is a component of Net sales of $50 (net of tax of $10) and Cost of goods sold of $236 (net of tax of $105); during the 2013 period, the reclassification is a component of Net sales of $302 (net of tax of $49) and Cost of goods sold of $793 (net of tax of $203). (See Note 17 - Derivatives for additional details.) |
| | 2 | This AOCI component is included in the computation of net periodic pension costs (net of tax of $3,261 and $6,182 during the six months ended June 30, 2014 and 2013, respectively). (See Note 15 - Retirement and Postretirement Benefit Plans for additional details.) |
| | 3 | The Other comprehensive income before reclassifications excludes $705 and $(49) attributable to Non-controlling interests in the six months ended June 30, 2014 and 2013, respectively. (See Note 9 - Equity for additional details.) |
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