Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Accumulated Other Comprehensive Loss

10. Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the six months ended June 30, 2016 and 2015 is summarized below. All 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, 2016	$	(8,393	)	$	(49,943	)	$	692		$	45	$	(57,599	)
Net Change		(6,404	)		3,128			193			220		(2,863	)
Balance at June 30, 2016	$	(14,797	)	$	(46,815	)	$	885		$	265	$	(60,462	)
Balance at January 1, 2015	$	(4,426	)	$	(65,396	)	$	984		$	85	$	(68,753	)
Net Change		152			6,779			(65	)		63		6,929
Balance at June 30, 2015	$	(4,274	)	$	(58,617	)	$	919		$	148	$	(61,824	)

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

	Three Months Ended  June 30,						Six Months Ended  June 30,
	2016			2015			2016			2015
Amortization of unrecognized employee benefit costs:
Costs of products sold (excluding depreciation and amortization)	$	936		$	498		$	1,661		$	1,779
Selling and administrative		(393	)		798			(70	)		2,393
Other (expense) income		56			128			196			170
Total before income tax		599			1,424			1,787			4,342
Income tax (provision) benefit		(206	)		(462	)		(609	)		(1,506	)
Net of tax	$	393		$	962		$	1,178		$	2,836
Realized losses (gains) on sale of marketable securities:
Selling and administrative	$	9		$	(2	)	$	(37	)	$	(2	)
Income tax (provision) benefit		(3	)		1			13			1
Net of tax	$	6		$	(1	)	$	(24	)	$	(1	)
Realized losses (gains) from settlement of cash flow hedges:
Net sales (foreign currency sales contracts)	$	0		$	(7	)	$	(10	)	$	(7	)
Depreciation (foreign currency purchase contracts)		(7	)		(6	)		(14	)		(13	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		55			176			291			370
Total before income tax		44			163			263			350
Income tax (provision) benefit		(18	)		(63	)		(102	)		(135	)
Net of tax	$	30		$	100		$	165		$	215

The income tax expense (benefit) associated with the various components of other comprehensive income for the three and six months ended June 30, 2016 and 2015 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,
	2016			2015			2016			2015
Tax expense (benefit) associated with changes in:
Unrecognized employee benefit costs	$	87		$	0		$	87		$	(2,429	)
Unrealized holding losses/gains on marketable securities		(40	)		36			(117	)		34
Fair value of cash flow hedges		(26	)		43			(35	)		93
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(206	)		(462	)		(609	)		(1,506	)
Realized losses/gains from sale of marketable securities		(3	)		1			13			1
Realized losses/gains from settlement of cash flow hedges		(18	)		(63	)		(102	)		(135	)