Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2013

Accumulated other comprehensive income (loss) [Abstract]

Accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss) at December 31 was comprised of the following components:

	2013			2012
Cumulative foreign currency translation (net of tax benefit of $1.3 in 2013)	$	(19.1	)	$	6.0
Prior service cost on pension plans (net of tax benefit of $0.1 in 2013 and $0.1 in 2012)		(0.1	)		(0.2	)
Net actuarial loss on pension plans (net of tax benefit of $2.7 in 2013 and $7.8 in 2012)		(4.2	)		(12.0	)
Unrealized loss on interest rate swap agreement (net of tax benefit of $2.1 in 2013 and $3.3 in 2012)		(3.3	)		(5.1	)
Unrealized gain on available-for-sale securities (net of tax expense of $1.2 in 2012)		-			12.1

		(26.7	)		0.8

Changes in other comprehensive income (loss) by component

The following table summarizes the changes in other comprehensive income (loss) by component:

	Year Ended December 31,
	2013									2012									2011
	Pre-Tax Amount			Tax (Expense) Benefit			Net-Of-Tax Amount			Pre-Tax Amount			Tax (Expense) Benefit			Net-Of-Tax Amount			Pre-Tax Amount			Tax (Expense) Benefit			Net-Of-Tax Amount

Foreign currency translation adjustment	$	(26.9	)	$	1.3		$	(25.6	)	$	5.2		$	-		$	5.2		$	(24.8	)	$	-		$	(24.8	)

Available-for-sale securities:
Unrealized gains (losses) arising during period		(0.7	)		0.2			(0.5	)		10.8			(1.2	)		9.6			(10.3	)		1.0			(9.3	)
Reclassification of net (gains) losses to net income		(12.6	)		1.0			(11.6	)		-			-			-			-			-			-

Interest rate swap agreements:
Unrealized gains (losses) arising during period		0.3			(0.1	)		0.2			(1.7	)		0.1			(1.6	)		(5.0	)		1.9			(3.1	)
Reclassification of net (gains) losses to net income		2.6			(1.0	)		1.6			2.3			(0.1	)		2.2			2.6			(1.0	)		1.6

Pension plans:
Net acturial gains (losses) and prior service costs arising during the period		11.8			(4.6	)		7.2			(2.1	)		1.9			(0.2	)		(13.6	)		5.0			(8.6	)
Amortization of net acturial (gains) losses and prior service costs		1.2			(0.5	)		0.7			1.2			(1.1	)		0.1			0.2			(0.1	)		0.1

Total other comprehensive income (loss)	$	(24.3	)	$	(3.7	)	$	(28.0	)	$	15.7		$	(0.4	)	$	15.3		$	(50.9	)	$	6.8		$	(44.1	)

Reclassification out of accumulated other comprehensive income

The following table summarizes the additions to and reclassifications out of accumulated other comprehensive income (loss) attributable to the Company and the affected line items in the consolidated statements of operations:

	Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)
	Twelve Months Ended December 31,									Affected Line Item in the Statement Where Net Income (Loss) is Presented
	2013			2012			2011
Reclassification of net (gains) losses on available for sale securities:
Pre-tax amount	$	(12.6	)	$	-		$	-		Gain on sale of available-for-sale securities
Tax		1.0			-			-		Income tax expense
Net of tax		(11.6	)		-			-

Reclassification of net (gains) losses on interest rate swaps:
Pre-tax amount	$	2.6		$	2.3		$	2.6		Interest expense, net
Tax		(1.0	)		(0.1	)		(1.0	)	Income tax expense
Net of tax		1.6			2.2			1.6

Amortization of pension items:
Net acturial (gains) lossess and prior service costs, pre-tax amount		1.2			1.2			0.2		Components of net periodic benefit cost (see Employee Benefit Plans note for details)
Tax		(0.5	)		(1.1	)		(0.1	)	Income tax expense
Net of tax		0.7			0.1			0.1

Total reclassifications for the period, net of tax	$	(9.3	)	$	2.3		$	1.7

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References+ Details

AMCOL INTERNATIONAL CORP 10-K