ACCUMULATED OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2019

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 9 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in Accumulated Other Comprehensive (Loss) Income by Component:

	Foreign		Defined Benefit
	Currency		Pension Plans		Derivatives		Total
Balance - December 31, 2017	$	(185,503)	$	(64,595)	$	(3,204)	$	(253,302)
Other comprehensive (loss) income before reclassifications		(53,141)		—		12,507		(40,634)
Amounts reclassified from accumulated other comprehensive income (loss)		—		4,032		(11,444)		(7,412)
Net current-period other comprehensive (loss) income		(53,141)		4,032		1,063		(48,046)
Balance - September 30, 2018	$	(238,644)	$	(60,563)	$	(2,141)	$	(301,348)
Balance - December 31, 2018	$	(248,401)	$	(60,463)	$	(1,640)	$	(310,504)
Other comprehensive (loss) income before reclassifications		(42,725)		—		11,806		(30,919)
Amounts reclassified from accumulated other comprehensive income (loss)		—		2,150		(12,399)		(10,249)
Net current-period other comprehensive (loss) income		(42,725)		2,150		(593)		(41,168)
Balance - September 30, 2019	$	(291,126)	$	(58,313)	$	(2,233)	$	(351,672)

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income:

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other				Affected Line in the Statement
Comprehensive Income Components	Comprehensive Income				Where Net Income is Presented
Three Months Ended September 30,	2019		2018
Defined Benefit Pension Plans
Amortization of net loss	$	846	$	1,636	(1)
Amortization of prior service cost		111		122	(1)
		957		1,758	Total before tax
		(244)		(425)	Tax benefit
	$	713	$	1,333	Net of tax
Derivatives
Changes in treasury locks	$	—	$	4	Interest Expense
Changes in cross currency swap: interest component		(1,309)		(1,337)	Interest Expense
Changes in cross currency swap: foreign exchange component		(6,491)		(2,131)	Miscellaneous, net
		(7,800)		(3,464)	Total before tax
		—		588	Tax benefit
	$	(7,800)	$	(2,876)	Net of tax
Total reclassifications for the period	$	(7,087)	$	(1,543)

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other				Affected Line in the Statement
Comprehensive Income Components	Comprehensive Income				Where Net Income is Presented
Nine Months Ended September 30,	2019		2018
Defined Benefit Pension Plans
Amortization of net loss	$	2,546	$	4,943	(1)
Amortization of prior service cost		337		376	(1)
		2,883		5,319	Total before tax
		(733)		(1,287)	Tax benefit
	$	2,150	$	4,032	Net of tax
Derivatives
Changes in treasury locks	$	—	$	26	Interest Expense
Changes in cross currency swap: interest component		(4,315)		(3,824)	Interest Expense
Changes in cross currency swap: foreign exchange component		(8,084)		(9,984)	Miscellaneous, net
		(12,399)		(13,782)	Total before tax
		—		2,338	Tax benefit
	$	(12,399)	$	(11,444)	Net of tax
Total reclassifications for the period	$	(10,249)	$	(7,412)

(1) These accumulated other comprehensive income components are included in the computation of net periodic benefit costs, net of tax. See Note 8 – Retirement and Deferred Compensation Plans for additional details.