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Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Other Comprehensive Income [Abstract]    
Schedule of Accumulated Other Comprehensive Income
 
 
Pension Benefit
 
Postretirement Benefit
 
 
2014
 
2013
 
2014
 
2013
 
 
(dollars in thousands)
Amounts Recognized in Accumulated Other Comprehensive (Income) Loss
 
 
 
 
 
 
 
 
Unrecognized prior-service cost
 
$
90

 
$
110

 
$
—

 
$
—

Unrecognized net loss/(gain)
 
21,420

 
16,420

 
(670
)
 
(670
)
Total accumulated other comprehensive (income) loss recognized at December 31
 
$
21,510

 
$
16,530

 
$
(670
)
 
$
(670
)
Changes in AOCI by component for the year ended December 31, 2014 are summarized as follows, net of tax:
 
 
Defined Benefit Plans
 
 Derivative Instruments
 
Foreign Currency Translation
 
Total
 
 
(dollars in thousands)
Balance, December 31, 2013
 
$
(10,840
)
 
$
1,060

 
$
37,610

 
$
27,830

Net unrealized losses arising during the period
 
(4,040
)
 
(900
)
 
(15,090
)
 
(20,030
)
Less: Net realized losses reclassified to net income (a)
 
(700
)
 
(450
)
 
(1,270
)
 
(2,420
)
Net current-period change
 
(3,340
)
 
(450
)
 
(13,820
)
 
(17,610
)
Balance, December 31, 2014
 
$
(14,180
)
 
$
610

 
$
23,790

 
$
10,220


__________________________
(a) Defined benefit plans, net of income tax expense of $0.3 million. See Note 16, "Employee Benefit Plans," for additional details. Derivative instruments, net of income tax expense of $0.3 million. See Note 13, "Derivative Instruments," for further details.
The Company reclassified approximately $1.3 million of foreign currency translation losses from AOCI into net income related to the restructuring of business during the year ended December 31, 2014. See Note 7, "Facility Closures and Sale of Business," for additional details.
Changes in AOCI by component for the year ended December 31, 2013 are summarized as follows, net of tax:
 
 
Defined Benefit Plans
 
 Derivative Instruments
 
Foreign Currency Translation
 
Total
 
 
(dollars in thousands)
Balance, December 31, 2012
 
$
(12,440
)
 
$
(1,680
)
 
$
53,380

 
$
39,260

Net unrealized gains (losses) arising during the period
 
800

 
3,370

 
(7,860
)
 
(3,690
)
Less: Net realized gains (losses) reclassified to net income (a)
 
(800
)
 
630

 
7,910

 
7,740

Net current-period change
 
1,600

 
2,740

 
(15,770
)
 
(11,430
)
Balance, December 31, 2013
 
$
(10,840
)
 
$
1,060

 
$
37,610

 
$
27,830

__________________________
(a) Defined benefit plans, net of income tax expense of $0.4 million. See Note 16, "Employee Benefit Plans," for additional details. Derivative instruments, net of income tax expense of $0.4 million. See Note 13, "Derivative Instruments," for further details.
The Company reclassified approximately $7.9 million of foreign currency translation gains from AOCI into net income related to the sale of a business during the year ended December 31, 2013. See Note 7, "Facility Closures and Sale of Business," for additional details.