XML 47 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2018
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 nine months ended September 30, 2018:
(In thousands)
Foreign
currency
translation
adjustment
 
Gain (loss) on
derivative
financial
instruments
 
Pension and
other
post-retirement
benefit
adjustments
 
Total
Beginning balance, January 1, 2018
$
(86,178
)
 
$
459

 
$
(90,950
)
 
$
(176,669
)
Other comprehensive income (loss) before reclassifications
(11,571
)
 
(3,045
)
 
—

 
(14,616
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
154

 
7,926

 
8,080

Net other comprehensive income (loss) - current period
(11,571
)
 
(2,891
)
 
7,926

 
(6,536
)
Ending balance, September 30, 2018
$
(97,749
)
 
$
(2,432
)
 
$
(83,024
)
 
$
(183,205
)
    
The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 2017:
(In Thousands)
Foreign
currency
translation
adjustment
 
Gain (loss) on
derivative
financial
instruments
 
Pension and
other
post-retirement
benefit
adjustments
 
Total
Beginning balance, January 1, 2017
$
(93,970
)
 
$
863

 
$
(90,127
)
 
$
(183,234
)
Other comprehensive income (loss) before reclassifications
9,817

 
817

 
—

 
10,634

Amounts reclassified from accumulated other comprehensive income (loss)
—

 
(529
)
 
5,754

 
5,225

Net other comprehensive income (loss) - current period
9,817

 
288

 
5,754

 
15,859

Ending balance, September 30, 2017
$
(84,153
)
 
$
1,151

 
$
(84,373
)
 
$
(167,375
)
Schedule Of Reclassifications Of Balances Out Of Accumulated Other Comprehensive Income (Loss) Into Net Income
(In Thousands)
Amount
reclassified from
other
comprehensive
income (loss)
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income (loss) to net
income (loss)
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
300

 
Cost of sales
Foreign currency forward contracts, before taxes
(807
)
 
Selling, general & administrative
Foreign currency forward contracts, before taxes
15

 
Cost of sales
Total, before taxes
(492
)
 
 
Income tax expense (benefit)
23

 
Income taxes
Total, net of tax
$
(515
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(3,492
)
 
(a)
Income tax expense (benefit)
(789
)
 
Income taxes
Total, net of tax
$
(2,703
)
 
 
(a)
This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost (see Note 9 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2018 are summarized as follows:
(In thousands)
Amount
reclassified from
other
comprehensive
income (loss)
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income (loss) to net
income (loss)
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
1,244

 
Cost of sales
Foreign currency forward contracts, before taxes
(1,226
)
 
Selling, general & administrative
Foreign currency forward contracts, before taxes
46

 
Cost of sales
Total, before taxes
64

 
 
Income tax expense (benefit)
218

 
Income taxes
Total, net of tax
$
(154
)
 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(10,238
)
 
(a)
Income tax expense (benefit)
(2,312
)
 
Income taxes
Total, net of tax
$
(7,926
)
 
 
(a)
This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost (see Note 9 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended September 30, 2017 are summarized as follows:
(In Thousands)
Amount
reclassified from
other
comprehensive
income (loss)
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income (loss) to net
income (loss)
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
231

 
Cost of sales
Foreign currency forward contracts, before taxes
15

 
Cost of sales
Total, before taxes
246

 
 
Income tax expense (benefit)
90

 
Income taxes
Total, net of tax
$
156

 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(2,911
)
 
(a)
Income tax expense (benefit)
(1,057
)
 
Income taxes
Total, net of tax
$
(1,854
)
 
 
(a)
This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost (see Note 9 for additional detail).
Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2017 are summarized as follows:
(In thousands)
Amount
reclassified from
other
comprehensive
income (loss)
 
Location of gain
(loss) reclassified
from accumulated
other
comprehensive
income (loss) to net
income (loss)
Gain (loss) on derivative financial instruments:
 
 
 
Aluminum future contracts, before taxes
$
785

 
Cost of sales
Foreign currency forward contracts, before taxes
46

 
Cost of sales
Total, before taxes
831

 
 
Income tax expense (benefit)
302

 
Income taxes
Total, net of tax
$
529

 
 
Amortization of pension and other post-retirement benefits:
 
 
 
Actuarial gain (loss) and prior service costs, before taxes
$
(9,033
)
 
(a)
Income tax expense (benefit)
(3,279
)
 
Income taxes
Total, net of tax
$
(5,754
)
 
 
(a)
This component of accumulated other comprehensive income (loss) is included in the computation of net periodic pension cost (see Note 9 for additional detail).