11.	Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the nine months ended September 30, 2017, and 2016, are 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		10,704			688			398		(16	)		11,774

Balance at September 30, 2017	$	(12,269	)	$	(37,948	)	$	457	$	535		$	(49,225	)

Balance at January 1, 2016	$	(8,393	)	$	(49,943	)	$	692	$	45		$	(57,599	)
Net Change		(8,623	)		9,540			314		394			1,625

Balance at September 30, 2016	$	(17,016	)	$	(40,403	)	$	1,006	$	439		$	(55,974	)

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 September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Amortization of unrecognized employee benefit costs:
Costs of products sold (excluding depreciation and amortization)	$	1,202		$	28		$	1,607		$	1,689
Selling and administrative		(304	)		179			703			109
Other income (expense)		47			451			151			647

Total before income tax		945			658			2,461			2,445
Income tax benefit (provision)		0			609			0			0

Net of tax	$	945		$	1,267		$	2,461		$	2,445

Realized gains from sale of marketable securities:
Selling and administrative	$	(19	)	$	(33	)	$	(25	)	$	(70	)
Income tax (benefit) provision		0			(13	)		0			0

Net of tax	$	(19	)	$	(46	)	$	(25	)	$	(70	)

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)		(11	)		(6	)		(24	)		(20	)
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum)		(139	)		7			(448	)		298

Total before income tax		(150	)		1			(472	)		268
Income tax benefit (provision)		0			102			0			0

Net of tax	$	(150	)	$	103		$	(472	)	$	268

The income tax (benefit) expense associated with the various components of other comprehensive income for the three and nine months ended September 30, 2017, and 2016, is summarized below. During the nine months ended September 30, 2016, the Corporation established valuation allowances against certain of the Corporation’s deferred income tax assets. Accordingly, for 2017, and the nine months ended September 30, 2016, no income tax (benefit) expense has been recognized. The income tax (benefit) expense recognized for the three months ended September 30, 2016, represents a reversal of income tax (benefit) expense recognized through June 30, 2016, prior to establishing the valuation allowances. 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 September 30,					Nine Months Ended September 30,
	2017		2016			2017		2016
Tax (benefit) expense associated with changes in:
Unrecognized employee benefit costs	$	0	$	(87	)	$	0	$	0
Unrealized holding gains on marketable securities		0		117			0		0
Fair value of cash flow hedges		0		35			0		0
Tax (benefit) expense associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		0		609			0		0
Realized gains from sale of marketable securities		0		(13	)		0		0
Realized gains/losses from settlement of cash flow hedges		0		102			0		0