Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

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, 2021:

(In thousands)	Foreign currency translation adjustment		Gain (loss) on derivative financial instruments		Pension and other post-retirement benefit adjustments		Total
Beginning balance, January 1, 2021	$	(84,149)	$	2,264	$	(96,519)	$	(178,404)
Other comprehensive income (loss) before reclassifications	1,345		2,724		—		4,069
Amounts reclassified from accumulated other comprehensive income (loss)	—		(1,492)		6,637		5,145
Net other comprehensive income (loss) - current period	1,345		1,232		6,637		9,214
Ending balance, June 30, 2021	$	(82,804)	$	3,496	$	(89,882)	$	(169,190)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2020:

(In thousands)	Foreign currency translation adjustment		Gain (loss) on derivative financial instruments		Pension and other post-retirement benefit adjustments		Total
Beginning balance, January 1, 2020	$	(100,663)	$	(1,307)	$	(95,681)	$	(197,651)
Other comprehensive income (loss) before reclassifications	(12,003)		(6,242)		—		(18,245)
Amounts reclassified from accumulated other comprehensive income (loss)	—		3,725		5,862		9,587
Net other comprehensive income (loss) - current period	(12,003)		(2,517)		5,862		(8,658)
Ending balance, June 30, 2020	$	(112,666)	$	(3,824)	$	(89,819)	$	(206,309)

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 (loss) for the three months ended June 30, 2021 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	$	1,372	Cost of sales
Foreign currency forward contracts, before taxes	(147)		Selling, general & administrative
Foreign currency forward contracts, before taxes	16		Cost of sales
Total, before taxes	1,241
Income tax expense (benefit)	257		Income tax expense (benefit)
Total, net of tax	$	984
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(4,240)	(a)
Income tax expense (benefit)	(922)		Income tax expense (benefit)
Total, net of tax	$	(3,318)

(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 (loss) for the six months ended June 30, 2021 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	$	2,012	Cost of sales
Foreign currency forward contracts, before taxes	(149)		Selling, general & administrative
Foreign currency forward contracts, before taxes	33		Cost of sales
Total, before taxes	1,896
Income tax expense (benefit)	404		Income tax expense (benefit)
Total, net of tax	$	1,492
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(8,483)	(a)
Income tax expense (benefit)	(1,846)		Income tax expense (benefit)
Total, net of tax	$	(6,637)

(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 June 30, 2020 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	$	(1,551)	Cost of sales
Foreign currency forward contracts, before taxes	(1,798)		Selling, general & administrative
Foreign currency forward contracts, before taxes	16		Cost of sales
Total, before taxes	(3,333)
Income tax expense (benefit)	(721)		Income tax expense (benefit)
Total, net of tax	$	(2,612)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(3,766)	(a)
Income tax expense (benefit)	(835)		Income tax expense (benefit)
Total, net of tax	$	(2,931)

(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).