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 nine-month periods ended September 30, 2018 and September 30, 2017 are as follows:

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Foreign Currency Hedge Derivatives			Total
Balance at June 30, 2018	$	(2,406	)	$	(29,040	)	$	(397	)	$	(31,843	)
Other comprehensive income (loss) before reclassifications		—			(3,266	)		1,586			(1,680	)
Income tax effect of other comprehensive income (loss) before reclassifications		—			15			(491	)		(476	)
Amounts reclassified from accumulated other comprehensive (income) loss into net income		—			—			167	a		167
Income taxes reclassified into net income		—			—			(45	)		(45	)
Net current period other comprehensive income (loss)		—			(3,251	)		1,217			(2,034	)
Balance at September 30, 2018	$	(2,406	)	$	(32,291	)	$	820		$	(33,877	)

(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 June 30, 2017	$	(2,550	)	$	(37,071	)	$	272			$	1,741			$	(37,608	)
Other comprehensive income (loss) before reclassifications		—			13,251			153				106				13,510
Income tax effect of other comprehensive income (loss) before reclassifications		—			(49	)		(56	)			(29	)			(134	)
Amounts reclassified from accumulated other comprehensive (income) loss into net income		—			—			(17	)	a		(1,340	)	a		(1,357	)
Income taxes reclassified into net income		—			—			6				360				366
Net current period other comprehensive income (loss)		—			13,202			86				(903	)			12,385
Balance at September 30, 2017	$	(2,550	)	$	(23,869	)	$	358			$	838			$	(25,223	)

(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		—			(14,519	)		—				2,048			(12,471	)
Income tax effect of other comprehensive income (loss) before reclassifications		—			(217	)		—				(615	)		(832	)
Amounts reclassified from accumulated other comprehensive (income) loss into net income		—			—			(218	)	a		256	a		38
Income taxes reclassified into net income		—			—			(59	)			(69	)		(128	)
Net current period other comprehensive income (loss)		(40	)		(14,736	)		(277	)			1,620			(13,433	)
Balance at September 30, 2018	$	(2,406	)	$	(32,291	)	$	—			$	820		$	(33,877	)

(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 before reclassifications		—			42,051			231				3,071				45,353
Income tax effect of other comprehensive income before reclassifications		—			(158	)		(84	)			(825	)			(1,067	)
Amounts reclassified from accumulated other comprehensive (income) loss into net income		—			—			(47	)	a		(530	)	a		(577	)
Income taxes reclassified into net income		—			—			17				142				159
Net current period other comprehensive income		—			41,893			117				1,858				43,868
Balance at September 30, 2017	$	(2,550	)	$	(23,869	)	$	358			$	838			$	(25,223	)

(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 (loss) as of September 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.