Nucor 2013 Annual Report Download - page 70

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69
21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following tables reflect the changes in accumulated other comprehensive (loss) income by component:
(in thousands)
Gains and Losses
on Hedging
Derivatives
Foreign Currency
Gain (Loss)
Adjustment to
Early Retiree
Medical Plan Total
Balance, December 31, 2012 $ — $ 46,181 $ 10,580 $ 56,761
Other comprehensive
income (loss) before reclassifications — (53,619) 5,938 (47,681)
Amounts reclassified from accumulated other
comprehensive income (loss) into earnings — — — —
Net current-period other
comprehensive income (loss) — (53,619) 5,938 (47,681)
Balance, December 31, 2013 $ — $ (7,438) $ 16,518 $ 9,080
(in thousands)
Gains and Losses
on Hedging
Derivatives
Foreign Currency
Gain (Loss)
Adjustment to
Early Retiree
Medical Plan Total
Balance, December 31, 2011 $(40,250) $(12,311) $14,384 $(38,177)
Other comprehensive
income (loss) before reclassifications — 58,785 (3,804) 54,981
Amounts reclassified from accumulated other
comprehensive income (loss) into earnings(1) 40,250 — — 40,250
Net current-period other comprehensive
income (loss) 40,250 58,785 (3,804) 95,231
Other — (293) — (293)
Balance, December 31, 2012 $ — $ 46,181 $ 10,580 $ 56,761
(1) Includes $40,250 net-of-tax impact of accumulated other comprehensive income reclassifications into Cost of Products Sold for net losses on commodity contracts.
The tax impact of this reclassification was $23,900.