Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 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 September 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 (loss) before reclassifications	(21,317		)	—			(179		)	(21,496		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			808			93			901
Net current-period other comprehensive income (loss)	(21,317		)	808			(86		)	(20,595		)
Ending Balance September 30, 2015	$	(35,510	)	$	(50,000	)	$	(179	)	$	(85,689	)

(1) Net of taxes of $11,502 and $11,952 as of September 30, 2015 and December 31, 2014, respectively.

(2) Net of taxes of $21 and $50 as of September 30, 2015 and December 31, 2014, respectively.

The changes of accumulated other comprehensive income (loss) by component at September 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 (loss) before reclassifications	(25,421		)	—			(115		)	(25,536		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			395			210			605
Net current-period other comprehensive income (loss)	(25,421		)	395			95			(24,931		)
Ending Balance September 30, 2014	$	(2,665	)	$	(33,602	)	$	(114	)	$	(36,381	)

(3) Net of taxes of $2,688 and $2,900 as of September 30, 2014 and December 31, 2013, respectively.

(4) Net of taxes of $61 and $110 as of September 30, 2014 and December 31, 2013, respectively.

The reclassifications out of accumulated other comprehensive income (loss) for the quarter and nine months ended September 30, 2015 were as follows:

(Dollars in thousands)	Amounts reclassified from accumulated other comprehensive income (loss) for the period ended September 30, 2015
Details about accumulated other comprehensive income components	Quarter ended			Nine months ended			Affected line item in the statement where net income is presented
Unrealized gains and losses on derivative instruments:
	$	(1	)	$	143		Other income (expense), net
	—			(50		)	Tax benefit (expense)
	$	(1	)	$	93		Net of tax
Amortization of defined benefit pension and other post-retirement benefit items:
Actuarial losses	$	428		$	1,243		Total before tax (5)
	(151		)	(435		)	Tax benefit (expense)
	$	277		$	808		Net of tax

(5) These accumulated other comprehensive income (loss) 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 quarter and nine months ended September 30, 2014 were as follows:

(Dollars in thousands)	Amounts reclassified from accumulated other comprehensive income (loss) for the period ended September 30, 2014
Details about accumulated other comprehensive income components	Quarter ended			Nine months ended			Affected line item in the statement where net income is presented
Unrealized gains and losses on marketable securities:
	$	1		$	323		Other income (expense), net
	—			(113		)	Tax benefit (expense)
	$	1		$	210		Net of tax
Amortization of defined benefit pension and other post-retirement benefit items:
Actuarial losses	$	203		$	607		Total before tax (5)
	(71		)	(212		)	Tax benefit (expense)
	$	132		$	395		Net of tax

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