Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

5. Accumulated Other Comprehensive Income (Loss)

The following table provides details on the changes in the balances of each component of accumulated other comprehensive loss, net of tax, at June 30, 2013:

	Foreign									Accumulated
	Currency			Pension						Other
	Translation			Benefit						Comprehensive
(Dollars in thousands)	Adjustments			Adjustments			Derivatives			Loss
Balance at December 31, 2012	$	17,098		$	(33,718	)	$	93		$	(16,527	)
Other comprehensive income (loss) before reclassifications	(4,486		)	115			564			(3,807		)
Amounts reclassified from other comprehensive income (loss)	(1,032		)	1,220			(5		)	183
Net current-period other comprehensive income (loss)	(5,518		)	1,335			559			(3,624		)
Balance at June 30, 2013	$	11,580		$	(32,383	)	$	652		$	(20,151	)

The following table provides details on amounts reclassified out of each component of accumulated other comprehensive loss for the six months ended June 30, 2013:

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss (1)			Where Net Income is Presented
Derivatives (Note 7)
Foreign Exchange Contracts	$	430		Cost of products sold (excluding depreciation)
Natural Gas Contracts	(406		)	Cost of products sold (excluding depreciation)
	24			Total before tax
	(19		)	Tax (expense) or benefit
	$	5		Net of tax
Pension Benefit Adjustments (Note 11)
Prior-service costs	$	(38	)	(2)
Actuarial losses	(1,920		)	(2)
	(1,958		)	Total before tax
	738			Tax (expense) or benefit
	$	(1,220	)	Net of tax
Foreign Currency Translation Adjustments
Sale of foreign subsidiary (Note 1)	$	1,032		Restructuring (3)
	1,032			Total before tax
	—			Tax (expense) or benefit
	$	1,032		Net of tax
Total reclassifications for the period	$	(183	)	Net of tax

(1) Amounts in parentheses indicate reductions to income/increases to losses.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost.

(3) The adjustment for 2013 relates to the Company’s sale of its activated carbon manufacturing facility in Datong, China.

Foreign currency translation adjustments exclude income tax expense (benefit) for the earnings of the Company’s non-U.S. subsidiaries as management believes these earnings will be reinvested for an indefinite period of time.  Determination of the amount of unrecognized deferred U.S. income tax liability on these unremitted earnings is not practicable.

The income tax expense associated with the Company’s pension benefits included in accumulated other comprehensive loss was $19.3 million and $20.0 million at June 30, 2013 and December 31, 2012, respectively.  The income tax benefit associated with the Company’s derivatives included in accumulated other comprehensive loss was $(0.4) million and $(29) thousand at June 30, 2013 and December 31, 2012, respectively.

The following table contains the components of income tax expense (benefit) included in other comprehensive income (loss):

	Foreign Currency Translation					Pension Benefits						Derivatives
	Three Months			Six Months		Three Months			Six Months			Three Months		Six Months
(Dollars in millions)	Ended			Ended		Ended			Ended			Ended		Ended
June 30, 2013	$	(0.1	)	$	0.1	$	1.0		$	0.7		$	—	$	0.4
June 30, 2012	0.2			0.1		(0.3		)	(0.6		)	0.3		0.4