Harley Davidson 2015 Annual Report Download - page 76

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76
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 2015 2014 2013
Commodities contracts(a) $(648) $ (1,969) $ (572)
Total $ (648) $ (1,969) $ (572)
(a) Gain/(loss) recognized in income is included in cost of goods sold.
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):
2015
Foreign currency
translation
adjustments Marketable
securities
Derivative
financial
instruments
Pension and
postretirement
benefit plans Total
Balance, beginning of period $ (3,482) $ (700) $ 19,042 $ (529,803) $ (514,943)
Other comprehensive (loss) income
before reclassifications (48,309) (626) 38,008 (106,059)(116,986)
Income tax (7,053) 232 (14,079) 39,284 18,384
Net other comprehensive (loss)
income before reclassifications (55,362) (394) 23,929 (66,775)(98,602)
Reclassifications:
Realized (gains) losses - foreign
currency contracts(a) — — (59,730) — (59,730)
Realized (gains) losses -
commodities contracts(a) — — 677 — 677
Realized (gains) losses - treasury
rate lock(b) 151 151
Prior service credits(c) ———(2,782)(2,782)
Actuarial losses(c) — — — 58,680 58,680
Curtailment and settlement losses — — — 368 368
Total before tax — — (58,902) 56,266 (2,636)
Income tax expense (benefit) — — 21,817 (20,841) 976
Net reclassifications — — (37,085) 35,425 (1,660)
Other comprehensive loss (55,362) (394)(13,156)(31,350)(100,262)
Balance, end of period $ (58,844) $ (1,094) $ 5,886 $ (561,153) $ (615,205)