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

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three and six-month periods ended June 30, 2018 and June 30, 2017 are as follows:

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Foreign Currency Hedge Derivatives				Total
Balance at March 31, 2018	$	(2,406	)	$	(5,890	)	$	745			$	(7,551	)
Other comprehensive income (loss) before reclassifications		—			(22,994	)		(1,392	)			(24,386	)
Income tax effect of other comprehensive income before reclassifications		—			(156	)		374				218
Amounts reclassified from accumulated other comprehensive income into net income (loss)		—			—			(169	)	a		(169	)
Income taxes reclassified into net income (loss)		—			—			45				45
Net current period other comprehensive income (loss)		—			(23,150	)		(1,142	)			(24,292	)
Balance at June 30, 2018	$	(2,406	)	$	(29,040	)	$	(397	)		$	(31,843	)

(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 March 31, 2017	$	(2,550	)	$	(60,250	)	$	262			$	1,145			$	(61,393	)
Other comprehensive income (loss) before reclassifications		—			23,285			28				1,092				24,405
Income tax effect of other comprehensive income (loss) before reclassifications		—			(106	)		(10	)			(293	)			(409	)
Amounts reclassified from accumulated other comprehensive (income) loss into net income		—			—			(12	)	a		(277	)	a		(289	)
Income taxes reclassified into net income		—			—			4				74				78
Net current period other comprehensive income		—			23,179			10				596				23,785
Balance at June 30, 2017	$	(2,550	)	$	(37,071	)	$	272			$	1,741			$	(37,608	)

(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, 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		—			(11,253	)		—				462			(10,791	)
Income tax effect of other comprehensive income before reclassifications		—			(232	)		—				(124	)		(356	)
Amounts reclassified from accumulated other comprehensive income into net income (loss)		—			—			(218	)	a		89	a		(129	)
Income taxes reclassified into net income (loss)		—			—			(59	)			(24	)		(83	)
Net current period other comprehensive income (loss)		(40	)		(11,485	)		(277	)			403			(11,399	)
Balance at June 30, 2018	$	(2,406	)	$	(29,040	)	$	—			$	(397	)	$	(31,843	)

(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		—			28,800			78				2,965			31,843
Income tax effect of other comprehensive income before reclassifications		—			(109	)		(28	)			(796	)		(933	)
Amounts reclassified from accumulated other comprehensive income into net income (loss)		—			—			(30	)	a		810	a		780
Income taxes reclassified into net income (loss)		—			—			11				(218	)		(207	)
Net current period other comprehensive income (loss)		—			28,691			31				2,761			31,483
Balance at June 30, 2017	$	(2,550	)	$	(37,071	)	$	272			$	1,741		$	(37,608	)

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

We expect all of the existing gains and losses related to foreign currency derivatives and commodity derivatives reported in accumulated other comprehensive income as of June 30, 2018 to be reclassified into earnings during the next twelve months. See Note 7 for additional information about derivative financial instruments and the effects from reclassification to net income.