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Accumulated Other Comprehensive Income/(Loss) (Tables)
6 Months Ended
Jun. 30, 2014
Accumulated Other Comprehensive Income/(Loss) [Abstract]  
Schedule of changes in accumulated other comprehensive income/(loss)
The following table provides the changes in AOCI by component, net of tax, for the three months ended June 30, 2014 and 2013:
 
 
 
Foreign
Currency
Translation
Adjustments
  
Interest
Rate Swap
  
Pension
Plans
  
Total
 
Balance as of March 31, 2014
 
$
9,667
  
$
(369
)
 
$
(28,411
)
 
$
(19,113
)
Other comprehensive loss before reclassifications
  
(3,515
)
  
(36
)
  
-
   
(3,551
)
Amounts reclassified from accumulated other comprehensive loss
  
4,400
   
75
   
145
   
4,620
 
 
                
Net current-period other comprehensive income
  
885
   
39
   
145
   
1,069
 
Balance as of June 30, 2014
 
$
10,552
  
$
(330
)
 
$
(28,266
)
 
$
(18,044
)

 
 
Foreign
Currency
Translation
Adjustments
  
Interest
Rate Swap
  
Pension
Plans
  
Total
 
Balance as of March 31, 2013
 
$
1,341
  
$
(544
)
 
$
(38,436
)
 
$
(37,639
)
Other comprehensive income before reclassifications
  
952
   
68
   
-
   
1,020
 
Amounts reclassified from accumulated other comprehensive loss
  
-
   
71
   
232
   
303
 
 
                
Net current-period other comprehensive income
  
952
   
139
   
232
   
1,323
 
Balance as of June 30, 2013
 
$
2,293
  
$
(405
)
 
$
(38,204
)
 
$
(36,316
)
 
The following table provides the changes in AOCI by component, net of tax, for the six months ended June 30, 2014 and 2013:
 
 
 
Foreign
Currency
Translation
Adjustments
  
Interest
Rate Swap
  
Pension
Plans
  
Total
 
Balance as of December 31, 2013
 
$
9,990
  
$
(396
)
 
$
(28,556
)
 
$
(18,962
)
Other comprehensive loss before reclassifications
  
(3,838
)
  
(83
)
  
-
   
(3,921
)
Amounts reclassified from accumulated other comprehensive loss
  
4,400
   
149
   
290
   
4,839
 
 
                
Net current-period other comprehensive income
  
562
   
66
   
290
   
918
 
Balance as of June 30, 2014
 
$
10,552
  
$
(330
)
 
$
(28,266
)
 
$
(18,044
)

 
 
Foreign
Currency
Translation
Adjustments
  
Interest
Rate Swap
  
Pension
Plans
  
Total
 
Balance as of December 31, 2012
 
$
5,177
  
$
(600
)
 
$
(38,668
)
 
$
(34,091
)
Other comprehensive (loss)/income before reclassifications
  
(2,884
)
  
55
   
-
   
(2,829
)
Amounts reclassified from accumulated other comprehensive loss
  
-
   
140
   
464
   
604
 
 
                
Net current-period other comprehensive (loss)/income
  
(2,884
)
  
195
   
464
   
(2,225
)
Balance as of June 30, 2013
 
$
2,293
  
$
(405
)
 
$
(38,204
)
 
$
(36,316
)
Reclassifications out of accumulated other comprehensive income/(loss)
The following table provides the reclassifications out of AOCI by component for the three and six months ended June 30, 2014 and 2013:

Details about AOCI Components
 
Amounts
Reclassified
from AOCI for
the three
months ended
June 30, 2014
  
Amounts
Reclassified
from AOCI for
the six
months ended
June 30, 2014
 
Affected Line Item in the Consolidated
Income Statement
Losses on cash flow hedge:
 
  
 
   
Interest rate swap
 
$
(116
)
 
$
(230
)
Interest expense, net
 
  
41
   
81
 
Tax benefit
 
 
$
(75
)
 
$
(149
)
Net of tax
 
        
    
Amortization of defined benefit pension items:
        
   
Actuarial losses
 
$
(189
)
 
$
(381
)
Selling, general and administrative expenses
Actuarial losses
  
(13
)
  
(24
)
Cost of goods sold
Prior service costs
  
(13
)
  
(25
)
Selling, general and administrative expenses
 
  
(215
)
  
(430
)
Total before tax
 
  
70
   
140
 
Tax benefit
 
 
$
(145
)
 
$
(290
)
Net of tax
 
        
    
Foreign currency translation adjustment:
        
   
Release of currency translation adjustment
 
$
(4,400
)
 
$
(4,400
)
Equity in losses of partially-owned affiliates
 
  
-
   
-
 
Tax benefit
 
 
$
(4,400
)
 
$
(4,400
)
Net of tax
 
        
    
Total reclassification for the period
 
$
(4,620
)
 
$
(4,839
)
 

Details about AOCI Components
 
Amounts
Reclassified
from AOCI for
the three
months ended
June 30, 2013
  
Amounts
Reclassified
from AOCI for
the six
 months ended
June 30, 2013
 
Affected Line Item in the Consolidated
Income Statement
 
 
  
 
    
 
 
  
 
    
Losses on cash flow hedge:
 
  
 
   
Interest rate swap
 
$
(109
)
 
$
(216
)
Interest expense, net
 
  
38
   
76
 
Tax benefit
 
 
$
(71
)
 
$
(140
)
Net of tax
 
        
    
Amortization of defined benefit pension items:
        
   
Actuarial losses
 
$
(306
)
 
$
(613
)
Selling, general and administrative expenses
Actuarial losses
  
(29
)
  
(58
)
Cost of goods sold
Prior service costs
  
(12
)
  
(24
)
Selling, general and administrative expenses
 
  
(347
)
  
(695
)
Total before tax
 
  
115
   
231
 
Tax benefit
 
 
$
(232
)
 
$
(464
)
Net of tax
 
        
    
Total reclassification for the period
 
$
(303
)
 
$
(604
)