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Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2018
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-month periods ended March 31, 2018 and March 31, 2017 are as follows:

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2017

 

$

(2,366

)

 

$

(17,555

)

 

$

277

 

 

$

(800

)

 

$

(20,444

)

Cumulative effect of accounting change due to adoption of ASU 2018-02

 

 

(40

)

 

 

 

 

 

 

 

 

 

 

 

 

(40

 

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

11,741

 

 

 

 

 

 

1,854

 

 

 

 

13,595

 

 

Income tax effect of other comprehensive income before reclassifications

 

 

 

 

 

(76

)

 

 

 

 

 

(498

)

 

 

 

(574

 

)

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

 

 

 

 

 

 

 

 

(218

 

 

)

a

 

258

 

 

 

a

 

 

 

40

 

Income taxes reclassified into net income (loss)

 

 

 

 

 

 

 

 

(59

)

 

 

(69

)

 

 

 

(128

 

)

Net current period other comprehensive income (loss)

 

 

(40

)

 

 

11,665

 

 

 

(277

)

 

 

1,545

 

 

 

 

12,893

 

Balance at March 31, 2018

 

$

(2,406

)

 

$

(5,890

)

 

$

 

 

$

745

 

 

$

(7,551

)

 

(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

 

 

  

Defined Benefit Pension Plans

 

  

Foreign Currency Translation Adjustments

 

  

Commodity Hedge Derivatives

 

 

Foreign Currency Hedge Derivatives

 

 

 

 

Total

 

Balance at December 31, 2016

 

$

(2,550

)

 

$

(65,762

)

 

$

241

 

 

$

(1,020

)

 

$

(69,091

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

5,515

 

 

 

50

 

 

 

1,873

 

 

 

 

7,438

 

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

 

 

 

 

 

(3

)

 

 

(18

)

 

 

(503

)

 

 

 

(524

 

)

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

 

 

 

 

 

 

 

 

(18

 

 

)

a

 

1,087

 

 

a

 

 

 

 

1,069

 

Income taxes reclassified into net income

 

 

 

 

 

 

 

 

7

 

 

 

(292

)

 

 

(285

)

Net current period other comprehensive income

 

 

 

 

 

5,512

 

 

 

21

 

 

 

2,165

 

 

 

 

7,698

 

Balance at March 31, 2017

 

$

(2,550

)

 

$

(60,250

)

 

$

262

 

 

$

1,145

 

 

$

(61,393

)

 

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