Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

v3.7.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The balance of each component of accumulated other comprehensive income (loss) ("AOCI"), net of tax, is presented in the table below.
 
June 30, 2017
 
December 31, 2016
Foreign currency translation adjustments
$
3.9

 
$
0.5

Derivative gain, net
(0.4
)
 
0.5

Pension and postretirement adjustments
(58.4
)
 
(60.8
)
Accumulated other comprehensive (loss)
$
(54.9
)
 
$
(59.8
)
The following table summarizes the activity, by component, related to the change in AOCI.
 
Foreign Currency Translation Adjustments
 
Derivative Gain (Loss)
 
Pension and Postretirement Adjustments
 
Total Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2016
$
0.5

 
$
0.5

 
$
(60.8
)
 
$
(59.8
)
Other comprehensive income (loss) before reclassifications, net of tax
3.4

 
(0.9
)
 
(0.3
)
 
2.2

Amounts reclassified from accumulated other comprehensive income

 

 
2.7

 
2.7

Net current period other comprehensive income (loss)
3.4

 
(0.9
)
 
2.4

 
4.9

Balance, June 30, 2017
$
3.9

 
$
(0.4
)
 
$
(58.4
)
 
$
(54.9
)
 
 
 
 
 
 
 
 
Balance, December 31, 2015
$
0.1

 
$
2.3

 
$
(0.4
)
 
$
2.0

Net transfer from AWI
8.6

 
(0.2
)
 
(62.6
)
 
(54.2
)
Other comprehensive (loss) before reclassifications, net of tax
(6.7
)
 
(1.1
)
 
(0.1
)
 
(7.9
)
Amounts reclassified from accumulated other comprehensive income

 
(0.8
)
 
1.0

 
0.2

Net current period other comprehensive (loss) income
(6.7
)
 
(1.9
)
 
0.9

 
(7.7
)
Balance, June 30, 2016
$
2.0

 
$
0.2

 
$
(62.1
)
 
$
(59.9
)
Reclassification out of Accumulated Other Comprehensive Income
The amounts reclassified from AOCI and the affected line item of the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) are presented in the table below.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
Affected Line Item
Derivative Adjustments:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts - purchases
$

 
$
0.1

 
$

 
$
0.2

 
Cost of goods sold
Foreign exchange contracts - sales
(0.1
)
 
(0.4
)
 

 
(1.4
)
 
Net sales
Total income before tax
(0.1
)
 
(0.3
)
 

 
(1.2
)
 
 
Tax expense

 
0.1

 

 
0.4

 
Income tax expense
Total income, net of tax
(0.1
)
 
(0.2
)
 

 
(0.8
)
 
 
Pension and Postretirement Adjustments:
 
 
 
 
 
 
 
 
 
Prior service cost amortization

 

 
0.1

 

 
Cost of goods sold
Prior service cost amortization
0.1

 

 
0.1

 

 
Selling, general and administrative expenses
Amortization of net actuarial loss
1.2

 
0.6

 
2.2

 
0.6

 
Cost of goods sold
Amortization of net actuarial loss
0.9

 
0.9

 
1.8

 
0.9

 
Selling, general and administrative expenses
Total expense before tax
2.2

 
1.5

 
4.2

 
1.5

 
 
Tax benefit
(0.8
)
 
(0.5
)
 
(1.5
)
 
(0.5
)
 
Income tax expense
Total expense, net of tax
1.4

 
1.0

 
2.7

 
1.0

 
 
Total reclassifications for the period
$
1.3

 
$
0.8

 
$
2.7

 
$
0.2