Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes of accumulated other comprehensive income (loss) by component at June 30, 2015 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, 2014	$	(14,193	)	$	(50,808	)	$	(93	)	$	(65,094	)
Other comprehensive income before reclassifications	(19,250		)	—			(160		)	(19,410		)
Amounts reclassified from accumulated other comprehensive income	—			531			94			625
Net current-period other comprehensive income	(19,250		)	531			(66		)	(18,785		)
Ending Balance June 30, 2015	$	(33,443	)	$	(50,277	)	$	(159	)	$	(83,879	)

(1) Net of taxes of $11,657 and $11,952 as of June 30, 2015 and December 31, 2014, respectively.

(2) Net of taxes of $33 and $50 as of June 30, 2015 and December 31, 2014, respectively.

The changes of 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 (3)			Unrealized gain (loss) on derivative instruments (4)			Total
Beginning Balance December 31, 2013	$	22,756		$	(33,997	)	$	(209	)	$	(11,450	)
Other comprehensive income before reclassifications	(1,730		)	—			(167		)	(1,897		)
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	)

(3) Net of taxes of $2,759 and $2,900 as of June 30, 2014 and December 31, 2013, respectively.

(4) Net of taxes of $90 and $110 as of June 30, 2014 and December 31, 2013, respectively.

The reclassifications out of accumulated other comprehensive income (loss) for the three month and six month periods ended June 30, 2015 were as follows:

(Dollars in thousands)	Amounts reclassified from accumulated other comprehensive income (loss) for the period ended June 30, 2015
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:
	$	(190	)	$	144		Realized gain (loss)
	66			(50		)	Tax benefit (expense)
	$	(124	)	$	94		Net of tax
Amortization of defined benefit pension and other post-retirement benefit items:
Actuarial losses	$	403		$	817		(5)
	403			817			Total before tax
	(141		)	(286		)	Tax benefit (expense)
	$	262		$	531		Net of tax

(5) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 - "Pension Benefits and Other Postretirement Benefit Plans" for additional details.

The reclassifications out of accumulated other comprehensive income (loss) for the three and six month 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 marketable securities
	$	(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:
Actuarial losses	$	191		$	405		(5)
	191			405			Total before tax
	(67		)	(142		)	Tax benefit (expense)
	$	124		$	263		Net of tax

(5) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 - "Pension Benefits and Other Postretirement Benefit Plans" for additional details.