Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component at June 30, 2014 were as follows:

(Dollars in thousands)	Foreign currency translation adjustments			Funded status of pension plans and other postretirement benefits (1)			Unrealized gain (loss) on derivative instruments (2)			Total
Beginning Balance December 31, 2013	$	22,756		$	(33,997	)	$	(209	)	$	(11,450	)
Other comprehensive income before reclassifications	(1,730		)	—			(167		)	(1,897		)
Actuarial net gain (loss) incurred in the fiscal year	—			—			—			—
Amounts reclassified from accumulated other comprehensive income	—			263			209			472
Net current-period other comprehensive income	(1,730		)	263			42			(1,425		)
Ending Balance June 30, 2014	$	21,026		$	(33,734	)	$	(167	)	$	(12,875	)

(1) Net of taxes of $2,759 and $2,900 for the periods ended June 30, 2014 and December 31, 2013, respectively.

(2) Net of taxes of $90 and $110 for the periods ended June 30, 2014 and December 31, 2013, respectively.

The changes in accumulated other comprehensive income (loss) by component at June 30, 2013 were as follows:

(Dollars in thousands)	Foreign currency translation adjustments			Funded status of pension plans and other postretirement benefits (3)			Unrealized gain (loss) on derivative instruments (4)			Total
Beginning Balance December 31, 2012	$	12,585		$	(70,158	)	$	(235	)	$	(57,808	)
Other comprehensive income before reclassifications	(6,206		)	—			73			(6,133		)
Actuarial net gain (loss) incurred in the fiscal year	—			17,225			—			17,225
Amounts reclassified from accumulated other comprehensive income	—			2,753			—			2,753
Net current-period other comprehensive income	(6,206		)	19,978			73			13,845
Ending Balance June 30, 2013	$	6,379		$	(50,180	)	$	(162	)	$	(43,963	)

(3) Net of taxes of $11,613 and $22,371 for the periods ended June 30, 2013 and December 31, 2012, respectively.

(4) Net of taxes of $87 and $127 for the periods ended June 30, 2013 and December 31, 2012, respectively.

The reclassifications out of accumulated other comprehensive income (loss) for the periods ended June 30, 2014 were as follows:

(Dollars in thousands)	Amounts reclassified from accumulated other comprehensive income (loss) for the period ended June 30, 2014
Details about accumulated other comprehensive income components	Three months ended			Six months ended			Affected line item in the statement where net income is presented
Unrealized gains and losses on derivative instruments:
	$	(1	)	$	322		Realized gain (loss)
	—			(113		)	Tax benefit (expense)
	$	(1	)	$	209		Net of tax
Amortization of defined benefit pension and other post-retirement benefit items:
Prior service costs	$	—		$	—		(6)
Actuarial losses	191			405			(6)
	191			405			Total before tax
	(67		)	(142		)	Tax benefit (expense)
	$	124		$	263		Net of tax

(6) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 8 - "Pension Benefits and Other Postretirement Benefit Plans" for additional details.

The reclassifications out of accumulated other comprehensive income (loss) for the periods ended June 30, 2013 were as follows:

(Dollars in thousands)	Amounts reclassified from accumulated other comprehensive income (loss) for the period ended June 30, 2013
Details about accumulated other comprehensive income components	Three months ended			Six months ended			Affected line item in the statement where net income is presented
Amortization of defined benefit pension and other post-retirement benefit items:
Prior service costs	$	1,511		$	1,545		(6)
Actuarial losses	1,130			2,690			(6)
	2,641			4,235			Total before tax
	(924		)	(1,482		)	Tax benefit (expense)
	$	1,717		$	2,753		Net of tax

(6) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 8 - "Pension Benefits and Other Postretirement Benefit Plans" for additional details.