11.	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, 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		7,178			395			281		(83	)		7,771

Balance at June 30, 2017	$	(15,795	)	$	(38,241	)	$	340	$	468		$	(53,228	)

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	)

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,
	2017			2016			2017			2016
Amortization of unrecognized employee benefit costs:
Costs of products sold (excluding depreciation and amortization)	$	420		$	936		$	405		$	1,661
Selling and administrative		425			(393	)		1,007			(70	)
Other (expense) income		(62	)		56			104			196

Total before income tax		783			599			1,516			1,787
Income tax provision		0			(206	)		0			(609	)

Net of tax	$	783		$	393		$	1,516		$	1,178

Realized losses (gains) on sale of marketable securities:
Selling and administrative	$	0		$	9		$	(6	)	$	(37	)
Income tax (provision) benefit		0			(3	)		0			13

Net of tax	$	0		$	6		$	(6	)	$	(24	)

Realized (gains) losses from settlement of cash flow hedges:
Net sales (foreign currency sales contracts)	$	0		$	0		$	0		$	(10	)
Depreciation and amortization (foreign currency purchase contracts)		(6	)		(7	)		(13	)		(14	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		(161	)		55			(309	)		291

Total before income tax		(167	)		48			(322	)		267
Income tax provision		0			(18	)		0			(102	)

Net of tax	$	(167	)	$	30		$	(322	)	$	165

The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three and six months ended June 30, 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 June 30,					Six Months Ended June 30,
	2017		2016			2017		2016
Tax expense (benefit) associated with changes in:
Unrecognized employee benefit costs	$	0	$	87		$	0	$	87
Unrealized holding gains on marketable securities		0		(40	)		0		(117	)
Fair value of cash flow hedges		0		(26	)		0		(35	)
Tax (benefit) expense associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		0		(206	)		0		(609	)
Realized losses/gains from sale of marketable securities		0		(3	)		0		13
Realized losses from settlement of cash flow hedges		0		(18	)		0		(102	)