Kaman

AR 13

Financials

Part II

Financials/Financial Statements and Supplementary Data/Notes to Consolidated Financial Statements – Note 13

For the Years Ended December 31, 2013, 2012 and 2011

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of accumulated other comprehensive income (loss) are shown below:

2013 2012
In thousands
Foreign currency translation:
Beginning balance $ (16,515) $ (21,365)
Net gain/(loss) on foreign currency translation 2,296 4,850
Reclassification to net income
Other comprehensive income/(loss), net of tax 2,296 4,850
Ending balance $ (14,219) $ (16,515)
Pension and other post-retirement benefits (a):
Beginning balance $ (104,551) $ (96,111)
Reclassification to net income
Amortization of prior service cost, net of tax expense of ($38) and ($37), respectively 60 61
Amortization of net loss, net of tax expense of ($3,677) and ($3,045), respectively 5,875 4,968
Change in net gain, net of tax benefit (expense) of ($20,218) and $8,049, respectively 32,299 (13,469)
Other comprehensive income/(loss), net of tax 38,234 (8,440)
Ending balance $ (66,317) $ (104,551)
Derivative instruments (b):
Beginning balance $ (524) $ (470)
Net loss on derivative instruments, net of tax benefit of $104 and $0, respectively (172)
Reclassification to net income, net of tax benefit (expense) of ($66) and $33, respectively 111 (54)
Other comprehensive income/(loss), net of tax (61) (54)
Ending balance $ (585) $ (524)
Total accumulated other comprehensive income (loss) $ (81,121) $ (121,590)
  1. These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 15, Pension Plans for additional information)
  2. See Note 7, Derivative Financial Instruments, for additional information regarding our derivative instruments.