Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Note 16 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the year ended December 31, 2016, December 31, 2015 and December 31, 2014 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		(723	)		(16,678	)		154			(1,351	)		(18,598	)
Income tax effect of other comprehensive income (loss) before reclassifications		185			297			(57	)		363			788
Amounts reclassified from accumulated other comprehensive income (loss) into net income		48			—			589	a		(44	)a		593
Income taxes reclassified into net income		—			—			(216	)		12			(204	)
Net current period other comprehensive income (loss)		(490	)		(16,381	)		470			(1,020	)		(17,421	)
Balance at December 31, 2016	$	(2,550	)	$	(65,762	)	$	241		$	(1,020	)	$	(69,091	)

(a) The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.  See Note 14 for information related to the effect of commodity and foreign currency derivative instrument`s on our consolidated statements of income.

	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		761			(25,904	)		(849	)		(1,746	)		(27,738	)
Income tax effect of other comprehensive income (loss) before reclassifications		(234	)		(417	)		543			473			365
Amounts reclassified from accumulated other comprehensive income (loss) into net income		86			—			124	a		1,756	a		1,966
Income taxes reclassified into net income		—			—			(47	)		(473	)		(520	)
Net current period other comprehensive income (loss)		613			(26,321	)		(229	)		10			(25,927	)
Balance at December 31, 2015	$	(2,060	)	$	(49,381	)	$	(229	)	$	—		$	(51,670	)

(a) The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.  See Note 14 for information related to the effect of commodity and foreign currency derivative instrument`s on our consolidated statements of income.

 Note 16 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – (Continued)

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Interest Rate Hedge			Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2013	$	(1,058	)	$	(4,064	)	$	(81	)	$	—		$	(5,203	)
Other comprehensive income (loss) before reclassifications		(2,129	)		(25,044	)		—			(10	)		(27,183	)
Income tax effect of other comprehensive income (loss) before reclassifications		680			6,048			—			—			6,728
Amounts reclassified from accumulated other comprehensive income (loss) into net income		(166	)		—			81	a		—			(85	)
Income taxes reclassified into net income		—			—			—			—			—
Net current period other comprehensive income (loss)		(1,615	)		(18,996	)		81			(10	)		(20,540	)
Balance at December 31, 2014	$	(2,673	)	$	(23,060	)	$	—		$	(10	)	$	(25,743	)

(a) The amounts reclassified from accumulated other comprehensive income (loss) are included in cost of sales.  See Note 14 for information related to the effect of commodity and foreign currency derivative instrument`s on our consolidated statements of income.

We expect all of the existing gains and losses related to foreign currency and commodity derivatives reported in accumulated other comprehensive income as of December 31, 2016 to be reclassified into earnings during the twelve month period ending December 31, 2017.