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ACCUMULATED OTHER COMPREHENSIVE LOSS:
12 Months Ended
Dec. 31, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS  
ACCUMULATED OTHER COMPREHENSIVE LOSS

NOTE 12—ACCUMULATED OTHER COMPREHENSIVE LOSS:

 

The following table sets forth information with respect to accumulated other comprehensive earnings (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

Accumulated

 

 

Foreign

 

 

 

Foreign

 

 

 

Postretirement

 

Other

 

 

Currency

 

 

 

Currency

 

Commodity

 

and Pension

 

Comprehensive

 

 

Translation

 

Investments

 

Derivatives

 

Derivatives

 

Benefits

 

Earnings (Loss)

Balance at December 31, 2013

 

$

(13,527)

 

$

54

 

$

(436)

 

$

(96)

 

$

9,367

 

$

(4,638)

Other comprehensive earnings (loss) before reclassifications

 

 

(3,155)

 

 

(386)

 

 

(1,439)

 

 

(562)

 

 

(1,776)

 

 

(7,318)

Reclassifications from accumulated other comprehensive loss

 

 

(817)

 

 

 —

 

 

639

 

 

188

 

 

(1,152)

 

 

(1,142)

Other comprehensive earnings (loss) net of tax

 

 

(3,972)

 

 

(386)

 

 

(800)

 

 

(374)

 

 

(2,928)

 

 

(8,460)

Balance at December 31, 2014

 

$

(17,499)

 

$

(332)

 

$

(1,236)

 

$

(470)

 

$

6,439

 

$

(13,098)

Other comprehensive earnings (loss) before reclassifications

 

 

(4,145)

 

 

(273)

 

 

(2,041)

 

 

(392)

 

 

874

 

 

(5,977)

Reclassifications from accumulated other comprehensive loss

 

 

 —

 

 

 —

 

 

1,602

 

 

1,035

 

 

(926)

 

 

1,711

Other comprehensive earnings (loss) net of tax

 

 

(4,145)

 

 

(273)

 

 

(439)

 

 

643

 

 

(52)

 

 

(4,266)

Balance at December 31, 2015

 

$

(21,644)

 

$

(605)

 

$

(1,675)

 

$

173

 

$

6,387

 

$

(17,364)

 

 

 

The amounts reclassified from accumulated other comprehensive income (loss) consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other

 

Year to Date Ended

 

 

 

Comprehensive Income Components

 

December 31, 2015

 

December 31, 2014

 

Location of (Gain) Loss Recognized in Earnings

 

Foreign currency derivatives

 

$

2,510

 

$

1,001

 

Other income, net

 

Commodity derivatives

 

 

1,623

 

 

294

 

Product cost of goods sold

 

Foreign currency translation

 

 

 —

 

 

(1,298)

 

Other income, net

 

Postretirement and pension benefits

 

 

(740)

 

 

(992)

 

Selling, marketing and administrative expenses

 

Postretirement and pension benefits

 

 

(711)

 

 

(812)

 

Product cost of goods sold

 

Total before tax

 

 

2,682

 

 

(1,807)

 

 

 

Tax expense (benefit)

 

 

(971)

 

 

665

 

 

 

Net of tax

 

$

1,711

 

$

(1,142)