Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Below are the changes in the Company’s accumulated other comprehensive income (loss) (AOCI) balances by component (net of income taxes) for the three and six months ended June 30, 2015 and 2016:

(In thousands)	Foreign Currency Translation Adjustments			Defined Benefit Pension Plan Adjustments			Cash Flow Hedge Adjustments			Total
Balance at March 31, 2015	$	(68,051	)	$	(40,400	)	$	76		$	(108,375	)
Other comprehensive income before reclassifications		5,940			—			16			5,956
Amounts reclassified from AOCI		—			750			—			750
Net current-period other comprehensive income		5,940			750			16			6,706
Balance at June 30, 2015	$	(62,111	)	$	(39,650	)	$	92		$	(101,669	)
Balance at March 31, 2016	$	(75,758	)	$	(36,261	)	$	53		$	(111,966	)
Other comprehensive income before reclassifications		(2,648	)		—			(9	)		(2,657	)
Amounts reclassified from AOCI		—			565			3			568
Net current-period other comprehensive income		(2,648	)		565			(6	)		(2,089	)
Balance at June 30, 2016	$	(78,406	)	$	(35,696	)	$	47		$	(114,055	)
Balance at December 31, 2014	$	(42,914	)	$	(41,149	)	$	118		$	(83,945	)
Other comprehensive income before reclassifications		(19,197	)		—			(27	)	$	(19,224	)
Amounts reclassified from AOCI		—			1,499			1		$	1,500
Net current-period other comprehensive income		(19,197	)		1,499			(26	)		(17,724	)
Balance at June 30, 2015	$	(62,111	)	$	(39,650	)	$	92		$	(101,669	)
Balance at December 31, 2015	$	(88,337	)	$	(36,825	)	$	74		$	(125,088	)
Other comprehensive income before reclassifications		9,931			—			(32	)		9,899
Amounts reclassified from AOCI		—			1,129			5			1,134
Net current-period other comprehensive income		9,931			1,129			(27	)		11,033
Balance at June 30, 2016	$	(78,406	)	$	(35,696	)	$	47		$	(114,055	)

Information regarding the reclassifications out of AOCI for the three and six months ended June 30, 2016 and 2015, is displayed below:

(In thousands)	Amount Reclassified from AOCI (a)
AOCI Components	Three Months Ended June 30						Six Months Ended June 30						Affected Line Item in Consolidated Statements of Income
	2016			2015			2016			2015
Amortization of defined benefit pension actuarial losses	$	(902	)	$	(1,195	)	$	(1,804	)	$	(2,389	)	(b)
		337			445			675			890		Tax benefit
	$	(565	)	$	(750	)	$	(1,129	)	$	(1,499	)	Net of tax
Gains and losses on cash flow hedges:
Interest rate contracts	$	(7	)	$	(5	)	$	(13	)	$	(10	)	Interest, net
Foreign exchange contracts		2			3			4			5		Cost of sales
		(5	)		(2	)		(9	)		(5	)	Total before tax
		2			2			4			4		Tax benefit
	$	(3	)	$	-		$	(5	)	$	(1	)	Net of tax
Total reclassifications for the period	$	(568	)	$	(750	)	$	(1,134	)	$	(1,500	)	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 8 for additional details).