Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

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

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the three months ended March 31, 2017, and 2016, 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, 2017	$	(22,973	)	$	(38,636	)	$	59	$	551	$	(60,999	)
Net Change		2,252			478			179		69		2,978
Balance at March 31, 2017	$	(20,721	)	$	(38,158	)	$	238	$	620	$	(58,021	)
Balance at January 1, 2016	$	(8,393	)	$	(49,943	)	$	692	$	45	$	(57,599	)
Net Change		(315	)		1,434			118		153		1,390
Balance at March 31, 2016	$	(8,708	)	$	(48,509	)	$	810	$	198	$	(56,209	)

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

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 March 31,
	2017			2016
Amortization of unrecognized employee benefit costs:
Costs of products sold (excluding depreciation and amortization)	$	(15	)	$	725
Selling and administrative		582			323
Other income (expense)		166			140
Total before income tax		733			1,188
Income tax provision		0			(403	)
Net of tax	$	733		$	785
Realized gains on sale of marketable securities:
Selling and administrative	$	(6	)	$	(46	)
Income tax provision		0			16
Net of tax	$	(6	)	$	(30	)
Realized (gains) losses from settlement of cash flow hedges:
Net sales (foreign currency sales contracts)	$	0		$	(10	)
Depreciation and amortization (foreign currency purchase contracts)		(7	)		(7	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		(148	)		236
Total before income tax		(155	)		219
Income tax provision		0			(84	)
Net of tax	$	(155	)	$	135

Summary of Income Tax Expense (Benefit) Associated with Various Components of Other Comprehensive Income

The income tax expense (benefit) associated with the various components of other comprehensive income for the three months ended March 31, 2017, and 2016, is summarized below. For 2017, there was no income tax benefit for certain items due to the Corporation having a valuation allowance recorded against its deferred income tax assets for the jurisdiction where the expense is recognized. 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 March 31,
	2017		2016
Tax expense (benefit) associated with changes in:
Unrealized employee benefit costs	$	0	$	(398	)
Unrealized holding gains on marketable securities		0		(77	)
Fair value of cash flow hedges		0		(9	)
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		0		(403	)
Realized gains from sale of marketable securities		0		16
Realized losses from settlement of cash flow hedges		0		(84	)