XML 37 R23.htm IDEA: XBRL DOCUMENT v3.19.3
Other Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)

The components of Other comprehensive income (loss) are as follows:
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Cumulative translation adjustment
$
(37,825
)
 
$

 
$
(37,825
)
 
$
9,164

 
$

 
$
9,164

Pension and other postretirement adjustments
2,188

 
(525
)
 
1,663

 
1,725

 
(455
)
 
1,270

Reclassification adjustments for derivatives
1,566

 
(356
)
 
1,210

 
1,610

 
(366
)
 
1,244

Total other comprehensive income (loss)
$
(34,071
)
 
$
(881
)
 
$
(34,952
)
 
$
12,499

 
$
(821
)
 
$
11,678

 
Nine Months Ended September 30, 2019
 
Nine Months Ended September 30, 2018
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Cumulative translation adjustment
$
(38,478
)
 
$

 
$
(38,478
)
 
$
(25,903
)
 
$

 
$
(25,903
)
Pension and other postretirement adjustments
5,579

 
(1,398
)
 
4,181

 
5,396

 
(1,417
)
 
3,979

Reclassification adjustments for derivatives
4,737

 
(1,076
)
 
3,661

 
4,869

 
(1,105
)
 
3,764

Total other comprehensive income (loss)
$
(28,162
)
 
$
(2,474
)
 
$
(30,636
)
 
$
(15,638
)
 
$
(2,522
)
 
$
(18,160
)


The following table summarizes the amounts reclassified from accumulated other comprehensive income (loss) to net income during the three and nine months ended September 30, 2019 and 2018:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Income Statement Caption
Pension and other postretirement plans:
 
 
 
 
 
 
 
 
Amortization of net (gain) loss
$
2,188

 
$
1,725

 
$
5,579

 
$
5,396

Other (income) expense - net
Total before tax
2,188

 
1,725

 
5,579

 
5,396

 
Provision for income taxes
(525
)
 
(455
)
 
(1,398
)
 
(1,417
)
 
Total net of tax
$
1,663

 
$
1,270

 
$
4,181

 
$
3,979

 
Derivatives:
 
 
 
 
 
 
 
 
Reclassification adjustments
$
1,566

 
$
1,610

 
$
4,737

 
$
4,869

Interest expense
Total before tax
1,566

 
1,610

 
4,737

 
4,869

 
Provision for income taxes
(356
)
 
(366
)
 
(1,076
)
 
(1,105
)
 
Total net of tax
$
1,210

 
$
1,244

 
$
3,661

 
$
3,764

 


The Company recognizes the service cost component in both Selling, general and administrative expenses and Cost of sales in the Condensed Consolidated Statements of Operations depending on the functional area of the underlying employees included in the plans.