| 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 months ended March 31, 2018 and 2017:
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Three months ended March 31, |
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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 |
|
Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
Defined benefit and other postretirement plans |
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Amortization and unrealized losses |
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$ |
(24 |
) |
|
$ |
6 |
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|
$ |
(18 |
) |
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$ |
(194 |
) |
|
$ |
13 |
|
|
$ |
(181 |
) |
Benefit plans, net |
|
(24 |
) |
|
6 |
|
|
(18 |
) |
|
(194 |
) |
|
13 |
|
|
(181 |
) |
Net gain (loss) from hedging activities |
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2,912 |
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|
(729 |
) |
|
2,183 |
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|
(2,862 |
) |
|
1,093 |
|
|
(1,769 |
) |
Foreign currency translation |
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10,114 |
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|
(1,443 |
) |
|
8,671 |
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|
17,247 |
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(1,910 |
) |
|
15,337 |
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Other comprehensive income |
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$ |
13,002 |
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|
$ |
(2,166 |
) |
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$ |
10,836 |
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$ |
14,191 |
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$ |
(804 |
) |
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$ |
13,387 |
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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, 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
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December 31, 2017 |
|
$ |
7,412 |
|
|
$ |
967 |
|
|
$ |
(4,068 |
) |
|
$ |
4,311 |
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Other comprehensive income (loss) before reclassifications |
|
(32 |
) |
|
2,188 |
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|
7,367 |
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|
9,523 |
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Amounts reclassified from accumulated other comprehensive income(1)
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14 |
|
|
(5 |
) |
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— |
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|
9 |
|
Net current period other comprehensive income (loss) |
|
(18 |
) |
|
2,183 |
|
|
7,367 |
|
|
9,532 |
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March 31, 2018 |
|
$ |
7,394 |
|
|
$ |
3,150 |
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|
$ |
3,299 |
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$ |
13,843 |
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December 31, 2016 |
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$ |
7,513 |
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|
$ |
4,557 |
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$ |
(65,781 |
) |
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$ |
(53,711 |
) |
Other comprehensive income (loss) before reclassifications |
|
(214 |
) |
|
(1,785 |
) |
|
15,921 |
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|
13,922 |
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Amounts reclassified from accumulated other comprehensive income (loss)(1)
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|
33 |
|
|
16 |
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— |
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|
49 |
|
Net current period other comprehensive income (loss) |
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(181 |
) |
|
(1,769 |
) |
|
15,921 |
|
|
13,971 |
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March 31, 2017 |
|
$ |
7,332 |
|
|
$ |
2,788 |
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|
$ |
(49,860 |
) |
|
$ |
(39,740 |
) |
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(1) |
See the following table for details about these reclassifications. |
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