OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss were:

	December 31,
In thousands	2016			2015
Foreign currency translation loss	$	(321,033	)	$	(227,349	)
Unrealized loss on interest rate swap contracts, net of tax of $1,540 and $1,815	(2,957		)	(2,987		)
Unrealized loss on pension and post-retirement benefit plans, net of tax of $20,832 and $18,042	(55,615		)	(46,383		)
Total accumulated other comprehensive loss	$	(379,605	)	$	(276,719	)

The changes in accumulated other comprehensive loss by component, net of tax, for the year-ended December 31, 2016 are as follows:

	Foreign currency			Derivative			Pension and post retirement
In thousands	translation			contracts			benefits plans			Total
Balance at December 31, 2015	$	(227,349	)	$	(2,987	)	$	(46,383	)	$	(276,719	)
Other comprehensive income before reclassifications	(93,684		)	(1,286		)	(10,874		)	(105,844		)
Amounts reclassified from accumulated other
comprehensive income	—			1,316			1,642			2,958
Net current period other comprehensive income	(93,684		)	30			(9,232		)	(102,886		)
Balance at December 31, 2016	$	(321,033	)	$	(2,957	)	$	(55,615	)	$	(379,605	)

Reclassifications out of accumulated other comprehensive loss for the year-ended December 31, 2016 are as follows:

	Amount reclassified from accumulated other			Affected line item in the Condensed Consolidated
In thousands	comprehensive income			Statements of Income
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(1,652	)	Cost of sales
Amortization of net loss (gain)	3,989			Cost of sales
	2,337			Income from Operations
	(695		)	Income tax expense
	$	1,642		Net income
Derivative contracts
Realized loss on derivative contracts	1,873			Interest expense, net
	(557		)	Income tax expense
	$	1,316		Net income

The changes in accumulated other comprehensive loss by component, net of tax, for the year-ended December 31, 2015 are as follows:

	Foreign currency			Derivative			Pension and post retirement
In thousands	translation			contracts			benefits plans			Total
Balance at December 31, 2014	$	(94,450	)	$	(2,243	)	$	(62,793	)	$	(159,486	)
Other comprehensive income before reclassifications	(132,899		)	(1,972		)	14,586			(120,285		)
Amounts reclassified from accumulated other
comprehensive income	—			1,228			1,824			3,052
Net current period other comprehensive income	(132,899		)	(744		)	16,410			(117,233		)
Balance at December 31, 2015	$	(227,349	)	$	(2,987	)	$	(46,383	)	$	(276,719	)

Reclassifications out of accumulated other comprehensive loss for the year-ended December 31, 2015 are as follows:

	Amount reclassified from accumulated other			Affected line item in the Condensed Consolidated
In thousands	comprehensive income			Statements of Income
Amortization of defined pension and post retirement items
Amortization of initial net obligation and prior service cost	$	(2,087	)	Cost of sales
Amortization of net loss (gain)	4,766			Cost of sales
	2,679			Income from Operations
	(855		)	Income tax expense
	$	1,824		Net income
Derivative contracts
Realized loss on derivative contracts	1,803			Interest expense, net
	(575		)	Income tax expense
	$	1,228		Net income