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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income (Loss)

Below is the change in the Company’s accumulated other comprehensive income (loss) (AOCI) balance by component (net of income taxes) for the years ended December 31, 2015, 2014 and 2013:

(In thousands)

 

Foreign

Currency

Translation

Adjustments

 

 

Defined

Benefit

Pension Plan

Adjustments

 

 

Cash Flow

Hedge

Adjustments

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2012

 

$

(2,886

)

 

$

(35,498

)

 

$

134

 

 

$

(38,250

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

 

(8,085

)

 

 

13,417

 

 

 

(32

)

 

 

5,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

—

 

 

 

3,409

 

 

 

13

 

 

 

3,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current period other comprehensive income

 

 

(8,085

)

 

 

16,826

 

 

 

(19

)

 

 

8,722

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2013

 

$

(10,971

)

 

$

(18,672

)

 

$

115

 

 

$

(29,528

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

 

(31,943

)

 

 

(24,186

)

 

 

—

 

 

 

(56,129

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

—

 

 

 

1,709

 

 

 

3

 

 

 

1,712

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net current period other comprehensive income

 

 

(31,943

)

 

 

(22,477

)

 

 

3

 

 

 

(54,417

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

(42,914

)

 

$

(41,149

)

 

$

118

 

 

$

(83,945

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before reclassifications

 

 

(45,423

)

 

 

1,311

 

 

 

(49

)

 

 

(44,161

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from AOCI

 

 

—

 

 

 

3,013

 

 

 

5

 

 

 

3,018

 

Net current period other comprehensive income

 

 

(45,423

)

 

 

4,324

 

 

 

(44

)

 

 

(41,143

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

$

(88,337

)

 

$

(36,825

)

 

$

74

 

 

$

(125,088

)

 
Summary of Amounts Reclassified Out of Accumulated Other Comprehensive Income

Amounts reclassified out of AOCI for the three years ended December 31, 2015, 2014 and 2013, is displayed below:

 

 

 

Amounts Reclassified from AOCI (a)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Affected Line Item in

       Consolidated

 

 

2015

 

 

2014

 

 

2013

 

 

Statements of Income

Amortization of defined pension items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

$

(17

)

 

$

(20

)

 

$

(19

)

 

 

Actuarial loss

 

 

(4,757

)

 

 

(2,727

)

 

 

(5,410

)

 

 

Transition obligation

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

 

 

$

(4,774

)

 

 

(2,747

)

 

 

(5,431

)

 

Total before tax (b)

 

 

 

1,761

 

 

 

1,038

 

 

 

2,022

 

 

Tax  benefit

 

 

$

(3,013

)

 

$

(1,709

)

 

$

(3,409

)

 

Net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains and losses on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

$

(22

)

 

$

(20

)

 

$

(37

)

 

Interest, net

Foreign exchange contracts

 

 

9

 

 

 

10

 

 

 

10

 

 

Cost of sales

 

 

 

(13

)

 

 

(10

)

 

 

(27

)

 

Total before tax

 

 

 

8

 

 

 

7

 

 

 

14

 

 

Tax  benefit

 

 

$

(5

)

 

$

(3

)

 

$

(13

)

 

Net of tax

Total reclassifications for the period

 

$

(3,018

)

 

$

(1,712

)

 

$

(3,422

)

 

Net of tax

 

(a)

Amounts in parentheses denote expense to statement of income.

 

(b)

This component of accumulated other comprehensive income is included in the computation of net periodic benefit cost (see Note 13 for details regarding net periodic benefit costs for the Company’s U.S. and U.K. defined benefit plans).