Accumulated Other Comprehensive Loss

The following table sets forth the changes in accumulated other comprehensive loss (AOCL) for the years ended December 31 (in thousands):



	2017
	Foreign currency translation adjustments			Marketable securities			Derivative financial instruments			Pension and postretirement benefit plans			Total
Balance, beginning of period	$	(68,132	)	$	(1,194	)	$	12,524		$	(508,579	)	$	(565,381	)
Other comprehensive income (loss) before reclassifications	52,145			1,896			(54,929		)	24,321			23,433
Income tax	(5,865		)	(702		)	20,338			(5,711		)	8,060
Net other comprehensive income (loss) before reclassifications	46,280			1,194			(34,591		)	18,610			31,493
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—			7,202			—			7,202
Realized (gains) losses - treasury rate locks^(b)	—			—			442			—			442
Prior service credits^(c)	—			—			—			(1,153		)	(1,153		)
Actuarial losses^(c)	—			—			—			47,254			47,254
Total before tax	—			—			7,644			46,101			53,745
Income tax benefit	—			—			(2,831		)	(17,075		)	(19,906		)
Net reclassifications	—			—			4,813			29,026			33,839
Other comprehensive income (loss)	46,280			1,194			(29,778		)	47,636			65,332
Balance, end of period	$	(21,852	)	$	—		$	(17,254	)	$	(460,943	)	$	(500,049	)



	2016
	Foreign currency translation adjustments			Marketable securities			Derivative financial instruments			Pension and postretirement benefit plans			Total
Balance, beginning of period	$	(58,844	)	$	(1,094	)	$	5,886		$	(561,153	)	$	(615,205	)
Other comprehensive (loss) income before reclassifications	(7,591		)	(159		)	28,176			33,937			54,363
Income tax	(1,697		)	59			(10,436		)	(12,570		)	(24,644		)
Net other comprehensive (loss) income before reclassifications	(9,288		)	(100		)	17,740			21,367			29,719
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—			(18,253		)	—			(18,253		)
Realized (gains) losses - commodities contracts^(a)	—			—			258			—			258
Realized (gains) losses - treasury rate lock^(b)	—			—			362			—			362
Prior service credits^(c)	—			—			—			(1,784		)	(1,784		)
Actuarial losses^(c)	—			—			—			49,888			49,888
Curtailment and settlement losses^(c)	—			—			—			1,463			1,463
Total before tax	—			—			(17,633		)	49,567			31,934
Income tax expense (benefit)	—			—			6,531			(18,360		)	(11,829		)
Net reclassifications	—			—			(11,102		)	31,207			20,105
Other comprehensive (loss) income	(9,288		)	(100		)	6,638			52,574			49,824
Balance, end of period	$	(68,132	)	$	(1,194	)	$	12,524		$	(508,579	)	$	(565,381	)



	2015
	Foreign currency translation adjustments			Marketable securities			Derivative financial instruments			Pension and postretirement benefit plans			Total
Balance, beginning of period	$	(3,482	)	$	(700	)	$	19,042		$	(529,803	)	$	(514,943	)
Other comprehensive (loss) income before reclassifications	(48,309		)	(626		)	38,008			(106,059		)	(116,986		)
Income tax	(7,053		)	232			(14,079		)	39,284			18,384
Net other comprehensive (loss) income before reclassifications	(55,362		)	(394		)	23,929			(66,775		)	(98,602		)
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—			(59,730		)	—			(59,730		)
Realized (gains) losses - commodities contracts^(a)	—			—			677			—			677
Realized (gains) losses - treasury rate lock^(b)	—			—			151			—			151
Prior service credits^(c)	—			—			—			(2,782		)	(2,782		)
Actuarial losses^(c)	—			—			—			58,680			58,680
Curtailment and settlement losses^(c)	—			—			—			368			368
Total before tax	—			—			(58,902		)	56,266			(2,636		)
Income tax expense (benefit)	—			—			21,817			(20,841		)	976
Net reclassifications	—			—			(37,085		)	35,425			(1,660		)
Other comprehensive loss	(55,362		)	(394		)	(13,156		)	(31,350		)	(100,262		)
Balance, end of period	$	(58,844	)	$	(1,094	)	$	5,886		$	(561,153	)	$	(615,205	)


(a)	Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold.


(b)	Amounts reclassified to net income are presented in interest expense.


(c)	Amounts reclassified are included in the computation of net periodic benefit cost. See Note 12 for information related to pension and postretirement benefit plans.