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Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 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 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.