| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following tables present the tax effects of each component of other comprehensive income (loss) for the three and six months ended June 30, 2018 and 2017:
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Three months ended June 30, |
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2018 |
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2017 |
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Pre-tax amount |
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Tax benefit/(expense) |
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After-tax amount |
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Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
Defined benefit and other postretirement plans: |
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Amortization and unrealized losses |
|
$ |
1,833 |
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|
$ |
(458 |
) |
|
$ |
1,375 |
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|
$ |
(34 |
) |
|
$ |
12 |
|
|
$ |
(22 |
) |
Benefit plans, net |
|
1,833 |
|
|
(458 |
) |
|
1,375 |
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|
(34 |
) |
|
12 |
|
|
(22 |
) |
Net gain (loss) from hedging activities |
|
737 |
|
|
(184 |
) |
|
553 |
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|
(2,025 |
) |
|
769 |
|
|
(1,256 |
) |
Foreign currency translation |
|
(29,947 |
) |
|
454 |
|
|
(29,493 |
) |
|
30,612 |
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|
(4,307 |
) |
|
26,305 |
|
Other comprehensive income (loss) |
|
$ |
(27,377 |
) |
|
$ |
(188 |
) |
|
$ |
(27,565 |
) |
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$ |
28,553 |
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$ |
(3,526 |
) |
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$ |
25,027 |
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Six months ended June 30, |
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2018 |
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2017 |
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Pre-tax amount |
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Tax benefit/(expense) |
|
After-tax amount |
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Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
Defined benefit and other postretirement plans: |
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|
|
|
|
|
|
|
|
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Amortization and unrealized losses |
|
$ |
1,809 |
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|
$ |
(452 |
) |
|
$ |
1,357 |
|
|
$ |
(228 |
) |
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$ |
25 |
|
|
$ |
(203 |
) |
Benefit plans, net |
|
1,809 |
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|
(452 |
) |
|
1,357 |
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|
(228 |
) |
|
25 |
|
|
(203 |
) |
Net gain (loss) from hedging activities |
|
3,649 |
|
|
(913 |
) |
|
2,736 |
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|
(4,887 |
) |
|
1,862 |
|
|
(3,025 |
) |
Foreign currency translation |
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(19,833 |
) |
|
(989 |
) |
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(20,822 |
) |
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47,859 |
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(6,217 |
) |
|
41,642 |
|
Other comprehensive income (loss) |
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$ |
(14,375 |
) |
|
$ |
(2,354 |
) |
|
$ |
(16,729 |
) |
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$ |
42,744 |
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$ |
(4,330 |
) |
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$ |
38,414 |
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The following table presents the change in accumulated other comprehensive income, net of tax, by component for the six months ended June 30, 2018 and 2017:
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Defined benefit
and other
postretirement
plans |
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Net gain (loss) from hedging activities |
|
Foreign
currency
translation |
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Total |
December 31, 2017 |
|
$ |
7,412 |
|
|
$ |
967 |
|
|
$ |
(4,068 |
) |
|
$ |
4,311 |
|
Other comprehensive income (loss) before reclassifications |
|
1,387 |
|
|
2,613 |
|
|
(20,582 |
) |
|
(16,582 |
) |
Amounts reclassified from accumulated other comprehensive income(1)
|
|
(30 |
) |
|
123 |
|
|
— |
|
|
93 |
|
Net current period other comprehensive income (loss) |
|
1,357 |
|
|
2,736 |
|
|
(20,582 |
) |
|
(16,489 |
) |
June 30, 2018 |
|
$ |
8,769 |
|
|
$ |
3,703 |
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|
$ |
(24,650 |
) |
|
$ |
(12,178 |
) |
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December 31, 2016 |
|
$ |
7,513 |
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|
$ |
4,557 |
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$ |
(65,781 |
) |
|
$ |
(53,711 |
) |
Other comprehensive income (loss) before reclassifications |
|
(137 |
) |
|
(3,038 |
) |
|
41,141 |
|
|
37,966 |
|
Amounts reclassified from accumulated other comprehensive income(1)
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|
(66 |
) |
|
13 |
|
|
— |
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|
(53 |
) |
Net current period other comprehensive income (loss) |
|
(203 |
) |
|
(3,025 |
) |
|
41,141 |
|
|
37,913 |
|
June 30, 2017 |
|
$ |
7,310 |
|
|
$ |
1,532 |
|
|
$ |
(24,640 |
) |
|
$ |
(15,798 |
) |
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(1) |
See the following table for details about these reclassifications. Amounts in parentheses indicate debits. |
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