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Other Comprehensive Income
9 Months Ended
Sep. 30, 2017
Notes To Financial Statements [Abstract]  
Other Comprehensive Income
)
Other Comprehensive Income
The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income".
Changes in accumulated other comprehensive income(1) were as follows (in thousands):
 
Currency Translation Adjustment
 
Pension Benefit Costs
 
Unrealized Gain/(Loss) Interest Rate Swap
 
Total
Balance as of December 31, 2016
$
(116,411
)
 
$
(173,394
)
 
$
5,482

 
$
(284,323
)
Other comprehensive income before reclassification
44,897

 
(14,838
)
 
258

 
30,317

Amounts reclassified from accumulated other comprehensive income

 

 
(887
)
 
(887
)
Net current-period other comprehensive income
$
44,897

 
$
(14,838
)
 
$
(629
)
 
$
29,430

Balance as of September 30, 2017
$
(71,514
)
 
$
(188,232
)
 
$
4,853

 
$
(254,893
)

(1) As of September 30, 2017 pension and interest rate swap amounts are net of tax of $(41.1) million and $3.2 million, respectively.
Components of other comprehensive income were as follows (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
Sep 30, 2017
 
Oct 1, 2016
 
Sep 30, 2017
 
Oct 1, 2016
Net earnings
$
74,671

 
$
75,851

 
$
222,942

 
$
203,280

Currency translation adjustment
15,441

 
(20,194
)
 
44,897

 
(40,169
)
Pension liability adjustment, net of tax
(5,664
)
 
(505
)
 
(14,838
)
 
4,351

Unrealized gain on interest rate swaps, net of tax
(128
)
 
193

 
(629
)
 
70

Comprehensive income
$
84,320

 
$
55,345

 
$
252,372

 
$
167,532