XML 44 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule Of After-Tax Changes In Accumulated Other Comprehensive Income (Loss)
The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2016:
(In Thousands)
Foreign
currency
translation
adjustment
 
Gain (loss) on
derivative
financial
instruments
 
Pension and
other
post-retirement
benefit
adjustments
 
Total
Beginning balance, January 1, 2016
$
(112,807
)
 
$
(373
)
 
$
(95,539
)
 
$
(208,719
)
Other comprehensive income (loss) before reclassifications
23,648

 
86

 
—

 
23,734

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
931

 
4,607

 
5,538

Net other comprehensive income (loss) - current period
23,648

 
1,017

 
4,607

 
29,272

Ending balance, June 30, 2016
$
(89,159
)
 
$
644

 
$
(90,932
)
 
$
(179,447
)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2015:
(In Thousands)
Foreign
currency
translation
adjustment
 
Gain (loss) on
derivative
financial
instruments
 
Pension and
other
post-retirement
benefit
adjustments
 
Total
Beginning balance, January 1, 2015
$
(47,270
)
 
$
656

 
$
(103,581
)
 
$
(150,195
)
Other comprehensive income (loss) before reclassifications
(29,096
)
 
(1,950
)
 
—

 
(31,046
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
309

 
5,045

 
5,354

Net other comprehensive income (loss) - current period
(29,096
)
 
(1,641
)
 
5,045

 
(25,692
)
Ending balance, June 30, 2015
$
(76,366
)
 
$
(985
)
 
$
(98,536
)
 
$
(175,887
)
Schedule Of Reclassifications Of Balances Out Of Accumulated Other Comprehensive Income (Loss) Into Net Income
Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended June 30, 2016 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
(525
)
 
Cost of sales
Foreign currency forward contracts, before taxes
16

 
Cost of sales
Total, before taxes
(509
)
 
 
Income tax expense (benefit)
(182
)
 
Income taxes
Total, net of tax
$
(327
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(3,336
)
 
(a)
Income tax expense (benefit)
(1,211
)
 
Income taxes
Total, net of tax
$
(2,125
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the six months ended June 30, 2016 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
(1,509
)
 
Cost of sales
Foreign currency forward contracts, before taxes
31

 
Cost of sales
Total, before taxes
(1,478
)
 
 
Income tax expense (benefit)
(547
)
 
Income taxes
Total, net of tax
$
(931
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(6,673
)
 
(a)
Income tax expense (benefit)
(2,066
)
 
Income taxes
Total, net of tax
$
(4,607
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).
Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended June 30, 2015 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
(481
)
 
Cost of sales
Foreign currency forward contracts, before taxes
16

 
Cost of sales
Total, before taxes
(465
)
 
 
Income tax expense (benefit)
(176
)
 
Income taxes
Total, net of tax
$
(289
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(3,985
)
 
(a)
Income tax expense (benefit)
(1,462
)
 
Income taxes
Total, net of tax
$
(2,523
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).
Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the six months ended June 30, 2015 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income to net
income
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
(529
)
 
Cost of sales
Foreign currency forward contracts, before taxes
31

 
Cost of sales
Total, before taxes
(498
)
 
 
Income tax expense (benefit)
(189
)
 
Income taxes
Total, net of tax
$
(309
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(7,969
)
 
(a)
Income tax expense (benefit)
(2,924
)
 
Income taxes
Total, net of tax
$
(5,045
)
 
 
(a)
This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 8 for additional detail).