Harley Davidson 2014 Annual Report Download - page 76

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The following table summarizes the amount of gains and losses for the years ended December€31 related to derivative
financial instruments not designated as hedging instruments (in thousands):€
Amount of Gain/(Loss)
Recognized€in€Income€on€Derivative
Derivatives not Designated as Hedges 2014 2013 2012
Commodities contracts(a) $(1,969) $ (572) $ (535)
Total $(1,969) $ (572) $ (535)€
(a) Gain/(loss) recognized in income is included in cost of goods sold.
76
10.€€€€Accumulated Other Comprehensive Loss
The following table sets forth the changes in accumulated other comprehensive loss (AOCL) for the years ended
December€31 (in thousands): €
2014
Foreign currency
translation
adjustments
Marketable
securities
Derivative financial
instruments
Pension and
postretirement
benefit plans Total
Balance, beginning of period $ 33,326 $ (276) $ (1,680) $ (364,046) $ (332,676)
Other comprehensive (loss)
income before
reclassifications
(50,310)(673)46,775 (301,832)(306,040)
Income tax 13,502 249 (17,325)111,799 108,225
Net other comprehensive (loss)
income before reclassifications (36,808)(424)29,450 (190,033)(197,815)
Reclassifications:
Realized (gains) losses -
foreign currency contracts(a) — — (13,635)— (13,635)
Realized (gains) losses -
commodities contracts(a) — — (228)— (228)
Prior service credits(c) — — — (2,734)(2,734)
Actuarial losses(c) — — — 41,292 41,292
Total before tax — — (13,863)38,558 24,695
Income tax expense (benefit) — — 5,135 (14,282)(9,147)
Net reclassifications — — (8,728)24,276 15,548
Other comprehensive (loss)
income
(36,808)(424)20,722 (165,757)(182,267)
Balance, end of period $(3,482) $ (700) $ 19,042 $(529,803) $ (514,943)