| Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCL in Stockholders' Equity and Changes in AOCL |
The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated other comprehensive loss ("OCL") in stockholders’ equity, as follows:
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| (In thousands) |
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September 2025 |
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March 2025 |
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September 2024 |
| Foreign currency translation and other |
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$ |
(770,855) |
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$ |
(821,189) |
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$ |
(869,994) |
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| Defined benefit pension plans |
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(174,008) |
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(180,047) |
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(175,087) |
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| Derivative financial instruments |
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(79,178) |
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23,496Ìý |
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(25,499) |
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| Accumulated other comprehensive loss |
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$ |
(1,024,041) |
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$ |
(977,740) |
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$ |
(1,070,580) |
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The changes in accumulated OCL, net of related taxes, were as follows:
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| Ìý |
Three Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit PensionÌýPlans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2025 |
$ |
(763,627) |
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$ |
(176,910) |
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$ |
(96,887) |
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$ |
(1,037,424) |
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Other comprehensive income (loss) before reclassifications |
(7,228) |
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(865) |
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18,179Ìý |
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10,086Ìý |
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Amounts reclassified from accumulated other comprehensive loss |
—Ìý |
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3,767Ìý |
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(470) |
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3,297Ìý |
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Net other comprehensive income (loss) |
(7,228) |
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2,902Ìý |
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17,709Ìý |
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13,383Ìý |
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| Balance, September 2025 |
$ |
(770,855) |
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$ |
(174,008) |
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$ |
(79,178) |
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$ |
(1,024,041) |
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| Ìý |
Three Months Ended September 2024 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit PensionÌýPlans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2024 |
$ |
(887,892) |
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$ |
(178,701) |
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$ |
12,966Ìý
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$ |
(1,053,627) |
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Other comprehensive income (loss) before reclassifications |
17,898Ìý |
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(26) |
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(47,838) |
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(29,966) |
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Amounts reclassified from accumulated other comprehensive loss |
—Ìý |
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3,640Ìý |
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9,373Ìý |
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13,013Ìý |
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Net other comprehensive income (loss) |
17,898Ìý |
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3,614Ìý |
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(38,465) |
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(16,953) |
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| Balance, September 2024 |
$ |
(869,994) |
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$ |
(175,087) |
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$ |
(25,499) |
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$ |
(1,070,580) |
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Six Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit PensionÌýPlans |
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Derivative Financial Instruments |
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Total |
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| Balance, March 2025 |
$ |
(821,189) |
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$ |
(180,047) |
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$ |
23,496Ìý
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$ |
(977,740) |
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| Other comprehensive income (loss) before reclassifications |
50,334Ìý |
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(855) |
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(91,133) |
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(41,654) |
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| Amounts reclassified from accumulated other comprehensive loss |
—Ìý |
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6,894Ìý |
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(11,541) |
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(4,647) |
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| Net other comprehensive income (loss) |
50,334Ìý |
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6,039Ìý |
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(102,674) |
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(46,301) |
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| Balance, September 2025 |
$ |
(770,855) |
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$ |
(174,008) |
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$ |
(79,178) |
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$ |
(1,024,041) |
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Six Months Ended September 2024 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit PensionÌýPlans |
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Derivative Financial Instruments |
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Total |
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| Balance, March 2024 |
$ |
(868,439) |
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$ |
(182,333) |
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$ |
(13,559) |
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$ |
(1,064,331) |
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| Other comprehensive loss before reclassifications |
(1,555) |
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(36) |
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(32,053) |
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(33,644) |
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| Amounts reclassified from accumulated other comprehensive loss |
—Ìý |
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7,282Ìý |
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20,113Ìý |
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27,395Ìý |
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| Net other comprehensive income (loss) |
(1,555) |
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7,246Ìý |
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(11,940) |
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(6,249) |
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| Balance, September 2024 |
$ |
(869,994) |
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$ |
(175,087) |
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$ |
(25,499) |
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$ |
(1,070,580) |
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| Schedule of Reclassifications Out of Accumulated OCL |
Reclassifications out of accumulated OCL were as follows:
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| (In thousands) |
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Three Months Ended September |
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Six Months Ended September |
| Details About Accumulated Other Comprehensive Loss Components |
AffectedÌýLineÌýItemÌýinÌýthe Consolidated Statements of Operations |
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2025 |
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2024 |
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2025 |
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2024 |
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| Amortization of defined benefit pension plans: |
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Net deferred actuarial losses |
Other income (expense), net |
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$ |
(4,874) |
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$ |
(5,051) |
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$ |
(9,745) |
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$ |
(10,097) |
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Deferred prior service credits |
Other income (expense), net |
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158Ìý |
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150Ìý |
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311Ìý |
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294Ìý |
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Pension settlement charge |
Other income (expense), net |
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(341) |
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—Ìý |
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(341) |
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—Ìý |
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Pension curtailment gains |
Other income (expense), net |
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—Ìý |
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—Ìý |
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531Ìý |
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—Ìý |
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TotalÌýbeforeÌýtax |
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(5,057) |
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(4,901) |
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(9,244) |
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(9,803) |
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Income tax effect |
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1,290Ìý |
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1,261Ìý |
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2,350Ìý |
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2,521Ìý |
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Net of tax |
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(3,767) |
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(3,640) |
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(6,894) |
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(7,282) |
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| Gains (losses) on derivative financial instruments: |
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Foreign exchange contracts |
Revenues |
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545Ìý |
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(7,851) |
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(1,426) |
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(12,182) |
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Foreign exchange contracts |
CostÌýofÌýgoodsÌýsold |
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(863) |
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(4,001) |
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14,171Ìý |
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(14,127) |
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Foreign exchange contracts |
SG&A expenses |
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(250) |
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(47) |
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(511) |
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(455) |
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Foreign exchange contracts |
OtherÌýincomeÌý(expense),Ìýnet |
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1,074Ìý |
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53Ìý |
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1,550Ìý |
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(3) |
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Interest rate contracts |
Interest expense |
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27Ìý |
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27Ìý |
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54Ìý |
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54Ìý |
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Interest rate contracts |
Loss from discontinued operations, net of tax |
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—Ìý |
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1,134Ìý |
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—Ìý |
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2,299Ìý |
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Total before tax |
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533Ìý |
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(10,685) |
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13,838Ìý |
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(24,414) |
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Income tax effect |
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(63) |
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1,312Ìý |
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(2,297) |
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4,301Ìý |
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Net of tax |
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470Ìý |
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(9,373) |
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11,541Ìý |
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(20,113) |
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| Total reclassifications for the period, net of tax |
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$ |
(3,297) |
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$ |
(13,013) |
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$ |
4,647Ìý
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$ |
(27,395) |
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