| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following tables present the tax effects of each component of other comprehensive income for the three months ended March 31, 2019 and 2018:
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Three months ended March 31, |
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2019 |
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2018 |
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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 |
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Tax benefit/(expense) |
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After-tax amount |
Defined benefit and other postretirement plans: |
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Amortization and unrealized losses |
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$ |
(40 |
) |
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$ |
10 |
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$ |
(30 |
) |
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$ |
(24 |
) |
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$ |
6 |
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$ |
(18 |
) |
Benefit plans, net |
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(40 |
) |
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10 |
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(30 |
) |
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(24 |
) |
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6 |
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(18 |
) |
Net (loss) gain from hedging activities |
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(2,070 |
) |
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518 |
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(1,552 |
) |
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2,912 |
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(729 |
) |
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2,183 |
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Foreign currency translation |
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9,282 |
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(2,115 |
) |
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7,167 |
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10,114 |
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(1,443 |
) |
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8,671 |
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Other comprehensive income |
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$ |
7,172 |
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$ |
(1,587 |
) |
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$ |
5,585 |
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$ |
13,002 |
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$ |
(2,166 |
) |
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$ |
10,836 |
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The following table presents the change in accumulated other comprehensive income (loss), net of tax, by component for the three months ended March 31, 2019 and 2018:
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Defined benefit
and other
postretirement
plans |
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Net gain (loss)
from hedging
activities
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Foreign
currency
translation |
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Total |
December 31, 2018 |
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$ |
(546 |
) |
|
$ |
637 |
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|
$ |
(39,195 |
) |
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$ |
(39,104 |
) |
Other comprehensive income (loss) before reclassifications |
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1 |
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(1,501 |
) |
|
6,852 |
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|
5,352 |
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Amounts reclassified from accumulated other comprehensive income(1)
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(31 |
) |
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(51 |
) |
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— |
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|
(82 |
) |
Net current period other comprehensive income (loss) |
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(30 |
) |
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(1,552 |
) |
|
6,852 |
|
|
5,270 |
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Cumulative adjustment from adoption of stranded OCI standard |
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1,684 |
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|
190 |
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— |
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|
1,874 |
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March 31, 2019 |
|
$ |
1,108 |
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|
$ |
(725 |
) |
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$ |
(32,343 |
) |
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$ |
(31,960 |
) |
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December 31, 2017 |
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$ |
7,412 |
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$ |
967 |
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$ |
(4,068 |
) |
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$ |
4,311 |
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Other comprehensive income (loss) before reclassifications |
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(4 |
) |
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2,178 |
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7,367 |
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|
9,541 |
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Amounts reclassified from accumulated other comprehensive income(1)
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(14 |
) |
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5 |
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— |
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(9 |
) |
Net current period other comprehensive income (loss) |
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(18 |
) |
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2,183 |
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7,367 |
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|
9,532 |
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March 31, 2018 |
|
$ |
7,394 |
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$ |
3,150 |
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$ |
3,299 |
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$ |
13,843 |
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(1) |
See the following table for details about these reclassifications. Amounts in parentheses indicate credits to profit/loss. |
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