Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2013

Net Change and Ending Balances for Various Components of Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of other comprehensive income (loss) and accumulated other comprehensive loss as of and for the six months ended June 30, 2013 and 2012 is summarized below. Amounts are net of tax, where applicable.


	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss

Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)

Net Change		(2,750	)		2,787			159		(367	)		(171	)


Balance at June 30, 2013	$	(4,293	)	$	(78,996	)	$	792	$	(49	)	$	(82,546	)


Balance at January 1, 2012	$	(4,736	)	$	(75,225	)	$	562	$	109		$	(79,290	)

Net Change		594			2,517			13		91			3,215


Balance at June 30, 2012	$	(4,142	)	$	(72,708	)	$	575	$	200		$	(76,075	)

Line Items Affected on Condensed Consolidated Statements of Operations for Components Reclassified from Accumulated Other Comprehensive Income (Loss)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss). Amounts in parentheses represent credits to net income.


	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,380		$	1,265		$	2,820		$	2,561		Costs of products sold (excluding depreciation)
		536			497			1,109			977		Selling and administrative
		214			190			433			385		Other income (expense)

		2,130			1,952			4,362			3,923		Total before income tax
		(769	)		(701	)		(1,575	)		(1,406	)	Income tax provision

	$	1,361		$	1,251		$	2,787		$	2,517		Net of tax


Realized (gains) on sale of marketable securities	$	(46	)	$	(10	)	$	(53	)	$	(42	)	Selling and administrative
		17			4			19			15		Income tax provision

	$	(29	)	$	(6	)	$	(34	)	$	(27	)	Net of tax


Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts	$	0		$	0		$	0		$	(79	)	Net sales

Foreign currency purchase contracts		(7	)		(7	)		(14	)		(14	)	Depreciation

Futures contracts – copper and aluminum		101			(38	)		115			246		Costs of products sold (excluding depreciation)

		94			(45	)		101			153		Total before income tax
		(35	)		16			(39	)		(59	)	Income tax provision

	$	59		$	(29	)	$	62		$	94		Net of tax

Summary of Tax Benefit (Expense) for Various Components of Other Comprehensive Income (Loss)

The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three and six months ended June 30, 2013 and 2012 is summarized below. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.


	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Tax expense (benefit) associated with changes in:
Unrealized holding losses/gains on marketable securities	$	12		$	37		$	(104	)	$	(22	)
Fair value of cash flow hedges		142			137			258			0
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(769	)		(701	)		(1,575	)		(1,406	)
Realized gains from sale of marketable securities		17			4			19			15
Realized losses/gains from settlement of cash flow hedges		(35	)		16			(39	)		(59	)