| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table presents the tax effects of each component of other comprehensive income (loss) for the three and nine months ended September 30, 2017 and 2016:
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Three months ended September 30, |
|
2017 |
|
2016 |
|
Pre-tax
amount |
|
Tax
benefit /
(expense) |
|
After-tax
amount |
|
Pre-tax
amount |
|
Tax
benefit /
(expense) |
|
After-tax
amount |
Defined benefit and other postretirement plans |
|
|
|
|
|
|
|
|
|
|
|
Amortization and unrealized losses |
$ |
(33 |
) |
|
$ |
13 |
|
|
$ |
(20 |
) |
|
$ |
162 |
|
|
$ |
— |
|
|
$ |
162 |
|
Benefit plans, net |
(33 |
) |
|
13 |
|
|
(20 |
) |
|
162 |
|
|
— |
|
|
162 |
|
Net loss (gain) from hedging activities |
(486 |
) |
|
185 |
|
|
(301 |
) |
|
324 |
|
|
(123 |
) |
|
201 |
|
Foreign currency translation |
21,343 |
|
|
(2,493 |
) |
|
18,850 |
|
|
1,930 |
|
|
(644 |
) |
|
1,286 |
|
Other comprehensive income (loss) |
$ |
20,824 |
|
|
$ |
(2,295 |
) |
|
$ |
18,529 |
|
|
$ |
2,416 |
|
|
$ |
(767 |
) |
|
$ |
1,649 |
|
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|
|
|
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|
Nine months ended September 30, |
|
2017 |
|
2016 |
|
Pre-tax
amount |
|
Tax
benefit /
(expense) |
|
After-tax
amount |
|
Pre-tax
amount |
|
Tax
benefit /
(expense) |
|
After-tax
amount |
Defined benefit and other postretirement plans |
|
|
|
|
|
|
|
|
|
|
|
Amortization and unrealized losses |
$ |
(261 |
) |
|
$ |
38 |
|
|
$ |
(223 |
) |
|
$ |
486 |
|
|
$ |
— |
|
|
$ |
486 |
|
Benefit plans, net |
(261 |
) |
|
38 |
|
|
(223 |
) |
|
486 |
|
|
— |
|
|
486 |
|
Net loss (gain) from hedging activities |
(5,373 |
) |
|
2,047 |
|
|
(3,326 |
) |
|
2,100 |
|
|
(798 |
) |
|
1,302 |
|
Foreign currency translation |
69,202 |
|
|
(8,710 |
) |
|
60,492 |
|
|
(9,605 |
) |
|
1,686 |
|
|
(7,919 |
) |
Other comprehensive income (loss) |
$ |
63,568 |
|
|
$ |
(6,625 |
) |
|
$ |
56,943 |
|
|
$ |
(7,019 |
) |
|
$ |
888 |
|
|
$ |
(6,131 |
) |
The following table presents the change in accumulated other comprehensive income (loss), net of tax, by component for the nine months ended September 30, 2017 and 2016:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Defined benefit
and other
postretirement
plans
|
|
Net gain (loss)
from hedging
activities |
|
Foreign
currency
translation
|
|
Total
|
December 31, 2016 |
$ |
7,513 |
|
|
$ |
4,557 |
|
|
$ |
(65,781 |
) |
|
$ |
(53,711 |
) |
Other comprehensive income (loss) before reclassifications |
(322 |
) |
|
(3,404 |
) |
|
60,238 |
|
|
56,512 |
|
Amounts reclassified from accumulated other comprehensive income(a)
|
99 |
|
|
78 |
|
|
— |
|
|
177 |
|
Net current period other comprehensive income (loss) |
(223 |
) |
|
(3,326 |
) |
|
60,238 |
|
|
56,689 |
|
September 30, 2017 |
$ |
7,290 |
|
|
$ |
1,231 |
|
|
$ |
(5,543 |
) |
|
$ |
2,978 |
|
|
|
|
|
|
|
|
|
December 31, 2015 |
$ |
648 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
648 |
|
Other comprehensive income (loss) before reclassifications |
486 |
|
|
591 |
|
|
(7,306 |
) |
|
(6,229 |
) |
Amounts reclassified from accumulated other comprehensive income(a)
|
— |
|
|
711 |
|
|
— |
|
|
711 |
|
Net current period other comprehensive income (loss) |
486 |
|
|
1,302 |
|
|
(7,306 |
) |
|
(5,518 |
) |
September 30, 2016 |
$ |
1,134 |
|
|
$ |
1,302 |
|
|
$ |
(7,306 |
) |
|
$ |
(4,870 |
) |
—————
|
|
(a) |
See the following table for details about these reclassifications. |
|