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Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Income (Loss)

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended September 30, 2016 and September 30, 2015 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at June 30, 2016

 

$

(2,060

)

 

$

(47,645

)

 

$

26

 

 

$

179

 

 

$

(49,500

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

2,230

 

 

 

(8

)

 

 

(818

)

 

 

 

1,404

 

 

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

(13

)

 

 

3

 

 

 

220

 

 

 

 

210

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

147

 

 

a

 

 

(50

)

 

 

a

 

 

 

97

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(54

)

 

 

13

 

 

 

(41

)

Net current period other comprehensive income (loss)

 

 

 

 

 

2,217

 

 

 

88

 

 

 

(635

)

 

 

 

1,670

 

Balance at September 30, 2016

 

$

(2,060

)

 

$

(45,428

)

 

$

114

 

 

$

(456

)

 

$

(47,830

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at June 30, 2015

 

$

(2,673

)

 

$

(37,230

)

 

$

(48

)

 

$

(577

)

 

$

(40,528

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(4,429

)

 

 

(392

)

 

 

(873

)

 

 

 

(5,694

 

)

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

51

 

 

 

162

 

 

 

237

 

 

 

 

450

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

19

a

 

 

413

 

 

a

 

 

 

 

432

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(7

)

 

 

(112

)

 

 

(119

)

Net current period other comprehensive income (loss)

 

 

 

 

 

(4,378

)

 

 

(218

)

 

 

(335

)

 

 

(4,931

)

Balance at September 30, 2015

 

$

(2,673

)

 

$

(41,608

)

 

$

(266

)

 

$

(912

)

 

$

(45,459

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.


Note 9 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the nine months ended September 30, 2016 and September 30, 2015 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2015

 

$

(2,060

)

 

$

(49,381

)

 

$

(229

)

 

$

 

 

$

(51,670

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

 

2,866

 

 

 

94

 

 

 

(117

)

 

 

 

2,843

 

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

1,087

 

 

 

(35

)

 

 

32

 

 

 

 

1,084

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

450

 

 

a

 

 

(507

)

 

 

a

 

 

 

(57

 

 

)

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(166

)

 

 

136

 

 

 

(30

)

Net current period other comprehensive income (loss)

 

 

 

 

 

3,953

 

 

 

343

 

 

 

(456

)

 

 

 

3,840

 

Balance at September 30, 2016

 

$

(2,060

)

 

$

(45,428

)

 

 

114

 

 

 

(456

)

 

 

(47,830

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.

 

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2014

 

$

(2,673

)

 

$

(23,060

)

 

$

 

 

$

(10

)

 

$

(25,743

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(19,312

)

 

 

(419

)

 

 

(1,746

)

 

 

 

(21,477

 

)

Income tax effect of other comprehensive income (loss) before reclassifications

 

 

 

 

 

764

 

 

 

162

 

 

 

473

 

 

 

 

1,399

 

Amounts reclassified from accumulated other comprehensive income (loss) into net income

 

 

 

 

 

 

 

 

(2

)

a

 

509

a

 

 

 

 

507

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

(7

)

 

 

(138

)

 

 

(145

)

Net current period other comprehensive income (loss)

 

 

 

 

 

(18,548

)

 

 

(266

)

 

 

(902

)

 

 

(19,716

)

Balance at September 30, 2015

 

$

(2,673

)

 

$

(41,608

)

 

$

(266

)

 

$

(912

)

 

$

(45,459

)

 

(a)

The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.