Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

7. The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2013:

							Pension and
	Foreign			Gain (loss) on			other post-
	currency			derivative			retirement
	translation			financial			benefit
(In Thousands)	adjustment			instruments			adjustments				Total
Beginning balance, January 1, 2013	$	131		$	993		$	(103,471	)	$	(102,347	)
Other comprehensive income (loss)
before reclassifications		(12,880	)		(447	)		-			(13,327	)
Amounts reclassified from accumulated
other comprehensive income (loss)		-			(93	)		4,625			4,532
Net other comprehensive income (loss) -
current period		(12,880	)		(540	)		4,625			(8,795	)
Ending balance, June 30, 2013	$	(12,749	)	$	453		$	(98,846	)	$	(111,142	)

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three month period ended June 30, 2013 are summarized as follows:

			Location of gain
			(loss) reclassified
	Amount		from accumulated
	reclassified from		other
	other		comprehensive
	comprehensive		income to net
(In Thousands)	income		income
Gain (loss) on dervative financial
instruments:
Aluminum future contracts, before taxes	$	(191	)	Cost of sales
Foreign currency forward contracts, before taxes		-
Total, before taxes		(191	)
Income taxexpense (benefit)		(72	)	Income taxes
Total, net of tax	$	(119	)
Amortization of pension and other post-
retirement benefits:
Actuarial gain (loss) and prior service
costs, before taxes	$	(3,649	)	(a)
Income taxexpense (benefit)		(1,337	)	Income taxes
Total, net of tax	$	(2,312	)

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the six month period ended June 30, 2013 are summarized as follows:

			Location of gain
			(loss) reclassified
	Amount		from accumulated
	reclassified from		other
	other		comprehensive
	comprehensive		income to net
(In Thousands)	income		income
Gain (loss) on dervative financial
instruments:
Aluminum future contracts, before taxes	$	(149	)	Cost of sales
Foreign currency forward contracts, before taxes		-
Total, before taxes		(149	)
Income tax expense (benefit)		(56	)	Income taxes
Total, net of tax	$	(93	)
Amortization of pension and other post-
retirement benefits:
Actuarial gain (loss) and prior service
costs, before taxes	$	(7,298	)	(a)
Income tax expense (benefit)		(2,673	)	Income taxes
Total, net of tax	$	(4,625	)

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail).