Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 10—Accumulated Other Comprehensive Income (Loss)

        The following table presents the changes in accumulated other comprehensive income (loss) by component for the six months ended June 30, 2014, net of tax (in thousands).

	Pension and other postretirement plans			Unrealized gain/(loss) on hedges			Foreign currency translation adjustment			Total
Beginning balance as of December 31, 2013	$	(165,150	)	$	(1,679	)	$	4,571		$	(162,258	)
Other comprehensive income before reclassifications		—			1,303			13,428			14,731
Amounts reclassified from accumulated other comprehensive income (loss)		7,017			376			—(1	)		7,393
Net current-period other comprehensive income		7,017			1,679			13,428			22,124
Ending balance as of June 30, 2014	$	(158,133	)	$	—		$	17,999		$	(140,134	)

(1)

Foreign currency translation adjustments are reclassified from accumulated other comprehensive income (loss) to earnings upon sale or substantially complete liquidation of an investment in a foreign entity.

        The following table presents amounts reclassified out of each component of accumulated other comprehensive income (loss) for the six months ended June 30, 2014 (in thousands).

Details about Accumulated Other Comprehensive Income (Loss) Components	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Condensed Consolidated Statements of Operations
Gains and losses on cash flow hedges:
Interest rate swaps (effective portion)	$	(1,095	)	Interest expense, net
Interest rate swaps (ineffective portion)		1,701		Other loss
		606		Total before tax
		(230	)	Income tax benefit
	$	376		Net of tax
Amortization of pension and postretirement benefit plans:
Prior service cost	$	736		(a)
Net actuarial loss		8,976		(a)
Settlement loss		1,627		(a)
		11,339		Total before tax
		(4,322	)	Income tax benefit
	$	7,017		Net of tax

(a)

Amortization of pension benefit items is included in cost of sales (exclusive of depreciation and depletion) and selling, general and administrative expense while amortization of postretirement benefit items is included in postretirement benefits within the Condensed Consolidated Statements of Operations.