XML 19 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Comprehensive Income
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Comprehensive Income
Comprehensive Income

Comprehensive income consists of the following:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Net income
$
7,197

 
$
7,337

 
$
8,791

 
$
7,956

 
 
 
 
 
 
 
 
Other comprehensive income:
 
 
 
 
 
 
 
Pension liability, net of income tax (income tax expense of $294 and $257 for the three months ended September 30, 2017 and 2016, respectively, and $880 and $771 for the nine months ended September 30, 2017 and 2016, respectively)
500

 
438

 
1,501

 
1,314

Cash flow hedging loss net of income tax (income tax benefit of ($790) and ($483) for the three months ended September 30, 2017 and 2016, respectively, and ($2,312) and ($1,116) for the nine months ended September 30, 2017 and 2016, respectively)
(1,348
)
 
(824
)
 
(3,946
)
 
(1,904
)
Foreign currency translation adjustment
4,097

 
950

 
13,320

 
2,667

 
 
 
 
 
 
 
 
Comprehensive income
$
10,446

 
$
7,901

 
$
19,666

 
$
10,033



Accumulated other comprehensive loss consists of the following:

 
Cash Flow
Hedging
Gain (Loss)
 
Pension
Liability
 
Cumulative
Translation
Adjustments
 
Accumulated
Other
Comprehensive
Income (Loss)
Balance, December 31, 2016
$
1,546

 
$
(26,458
)
 
$
(33,614
)
 
$
(58,526
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications, net of tax
(3,939
)
 
—

 
13,320

 
9,381

Amounts reclassified from accumulated other comprehensive income (loss) before taxa
(11
)
 
2,381

 
—

 
2,370

Income tax
4

 
(880
)
 
—

 
(876
)
 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
(3,946
)
 
1,501

 
13,320

 
10,875

 
 
 
 
 
 
 
 
Balance, September 30, 2017
$
(2,400
)
 
$
(24,957
)
 
$
(20,294
)
 
$
(47,651
)

 
Cash Flow
Hedging
Gain (Loss)
 
Pension
Liability
 
Cumulative
Translation
Adjustments
 
Accumulated
Other
Comprehensive
Income (Loss)
Balance, December 31, 2015
$
1,201

 
$
(25,982
)
 
$
(29,113
)
 
$
(53,894
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications, net of tax
(1,598
)
 
—

 
2,667

 
1,069

Amounts reclassified from accumulated other comprehensive income (loss) before taxa
(485
)
 
2,085

 
—

 
1,600

Income tax
179

 
(771
)
 
—

 
(592
)
 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
(1,904
)
 
1,314

 
2,667

 
2,077

 
 
 
 
 
 
 
 
Balance, September 30, 2016
$
(703
)
 
$
(24,668
)
 
$
(26,446
)
 
$
(51,817
)

(a) The cash flow hedging gain (loss) and pension liability accumulated other comprehensive income (loss) components are included in sales or cost of sales and as a component of net periodic pension cost, respectively. The amounts recorded in the charts above are for the nine months ended September 30, 2017 and 2016. For the three months ended September 30, 2017, $0.5 million of the cash flow hedging loss and $0.8 million of the pension liability were reclassified from accumulated other comprehensive loss to the statement of income. For the three months ended September 30, 2016, $0.0 million of the cash flow hedging gain and $0.7 million of the pension liability were reclassified from accumulated other comprehensive loss to the statement of income. Refer to Note 5 and Note 10, respectively, for further details.