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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-30
Accumulated Other Comprehensive Income (Loss) by Component
Changes in accumulated other comprehensive income ("OCI") during the year ended December 31, 2015 were as follows
(in thousands):
Foreign
Currency
Long-Term
Notes
Defined
Benefit
Plans Derivatives Total
December 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,236 $ (6,465) $ (7,601) $ (551) $ 71,619
OCI before reclassifications. . . . . . . . . . . . . . . . . . . (91,980) 10,576 (2,292) 3,545 (80,151)
Amount reclassified from accumulated OCI . . . . . . — — 136 (991)(855)
Net current-period OCI . . . . . . . . . . . . . . . . . . . . . (91,980) 10,576 (2,156) 2,554 (81,006)
December 31, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . $(5,744) $ 4,111 $ (9,757) $ 2,003 $ (9,387)
Changes in OCI during the year ended December 31, 2014 were as follows (in thousands):
Foreign
Currency
Long-Term
Notes
Defined
Benefit
Plans Derivatives Total
December 31, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 143,845 $ (12,566) $ (5,414) $ (709) $ 125,156
OCI before reclassifications. . . . . . . . . . . . . . . . . . . (57,609) 6,101 (3,223) 562 (54,169)
Amount reclassified from accumulated OCI . . . . . . — — 1,036 (404) 632
Net current-period OCI . . . . . . . . . . . . . . . . . . . . . (57,609) 6,101 (2,187) 158 (53,537)
December 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,236 $ (6,465) $ (7,601) $ (551) $ 71,619
OCI activity related to Long-Term Notes represents currency translation on notes that are long-term in nature and not intended
to be settled.
Reclassifications out of accumulated OCI for the year ended December 31, 2015 and December 31, 2014 were as follows
(in thousands):
Amount reclassified
from OCI
Affected Statement of Comprehensive
(Income) Loss line
2015 2014
Defined Benefit Plans
Service and interest costs . . . . . . . . . . . . . . . . . . . . . . . . $ 133 $ 1,045 Selling, General and Administrative
Tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(9) Income Taxes
Total after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 136 $ 1,036
Derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign currency forward contracts hedging sales . . . . . $ 2,778 $ 657 Net Sales
Foreign currency forward contracts hedging purchases .(3,890)(995) Cost of Products Sold
Interest rate swaps. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 12 Interest Expense
Total before tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,112)(326)
Tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121 (78) Income Taxes
Total after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(991) $ (404)