| 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 nine months ended September 30, 2018 and 2017:
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Three months ended September 30, |
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2018 |
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2017 |
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|
Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
|
Pre-tax amount |
|
Tax benefit/(expense) |
|
After-tax amount |
Defined benefit and other postretirement plans: |
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|
|
|
|
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|
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|
Amortization and unrealized losses |
|
$ |
(69 |
) |
|
$ |
17 |
|
|
$ |
(52 |
) |
|
$ |
(33 |
) |
|
$ |
13 |
|
|
$ |
(20 |
) |
Benefit plans, net |
|
(69 |
) |
|
17 |
|
|
(52 |
) |
|
(33 |
) |
|
13 |
|
|
(20 |
) |
Net gain (loss) from hedging activities |
|
494 |
|
|
(124 |
) |
|
370 |
|
|
(486 |
) |
|
185 |
|
|
(301 |
) |
Foreign currency translation |
|
3,391 |
|
|
1,795 |
|
|
5,186 |
|
|
21,343 |
|
|
(2,493 |
) |
|
18,850 |
|
Other comprehensive income |
|
$ |
3,816 |
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|
$ |
1,688 |
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|
$ |
5,504 |
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|
$ |
20,824 |
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|
$ |
(2,295 |
) |
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$ |
18,529 |
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Nine months ended September 30, |
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2018 |
|
2017 |
|
|
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 |
|
$ |
1,740 |
|
|
$ |
(435 |
) |
|
$ |
1,305 |
|
|
$ |
(261 |
) |
|
$ |
38 |
|
|
$ |
(223 |
) |
Benefit plans, net |
|
1,740 |
|
|
(435 |
) |
|
1,305 |
|
|
(261 |
) |
|
38 |
|
|
(223 |
) |
Net gain (loss) from hedging activities |
|
4,143 |
|
|
(1,037 |
) |
|
3,106 |
|
|
(5,373 |
) |
|
2,047 |
|
|
(3,326 |
) |
Foreign currency translation |
|
(16,442 |
) |
|
806 |
|
|
(15,636 |
) |
|
69,202 |
|
|
(8,710 |
) |
|
60,492 |
|
Other comprehensive income (loss) |
|
$ |
(10,559 |
) |
|
$ |
(666 |
) |
|
$ |
(11,225 |
) |
|
$ |
63,568 |
|
|
$ |
(6,625 |
) |
|
$ |
56,943 |
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The following table presents the change in accumulated other comprehensive income, net of tax, by component for the nine months ended September 30, 2018 and 2017:
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Defined benefit
and other
postretirement
plans |
|
Net gain (loss) from hedging activities |
|
Foreign
currency
translation |
|
Total |
December 31, 2017 |
|
$ |
7,412 |
|
|
$ |
967 |
|
|
$ |
(4,068 |
) |
|
$ |
4,311 |
|
Other comprehensive income (loss) before reclassifications |
|
1,360 |
|
|
2,906 |
|
|
(16,363 |
) |
|
(12,097 |
) |
Amounts reclassified from accumulated other comprehensive income(1)
|
|
(55 |
) |
|
200 |
|
|
— |
|
|
145 |
|
Net current period other comprehensive income (loss) |
|
1,305 |
|
|
3,106 |
|
|
(16,363 |
) |
|
(11,952 |
) |
September 30, 2018 |
|
$ |
8,717 |
|
|
$ |
4,073 |
|
|
$ |
(20,431 |
) |
|
$ |
(7,641 |
) |
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|
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December 31, 2016 |
|
$ |
7,513 |
|
|
$ |
4,557 |
|
|
$ |
(65,781 |
) |
|
$ |
(53,711 |
) |
Other comprehensive income (loss) before reclassifications |
|
(126 |
) |
|
(3,404 |
) |
|
60,238 |
|
|
56,708 |
|
Amounts reclassified from accumulated other comprehensive income(1)
|
|
(97 |
) |
|
78 |
|
|
— |
|
|
(19 |
) |
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 |
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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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