4. SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Inventories

 

		March 31, 2015				December 31, 2014
Raw materials		$	91,073			$	90,486
Work in process			101,464				105,739
Finished goods			160,523				170,960
		$	353,060			$	367,185

Investments

The Company owns shares of Hydrogenics Corporation (Hydrogenics), a publicly traded company that supplies hydrogen generators and hydrogen-based power modules and fuel cells for various uses. These shares are accounted for as available-for-sale securities and are carried at fair value with changes in fair value recorded, net of tax, in other comprehensive income (loss). Investments are recorded in other noncurrent assets on the Condensed Consolidated Balance Sheets.

The following table presents information related to the Company’s investment in Hydrogenics:

 

		March 31, 2015				December 31, 2014
Shares owned			1,362				1,534
Cost basis		$	1,020			$	1,150
Fair value		$	15,427			$	20,392
Pretax unrealized gain in accumulated other comprehensive income		$	14,407			$	19,242

The following table provides information related to the sale of shares in Hydrogenics:

 

		Three Months Ended
		March 31,
		2015				2014
Shares sold			172				—
Proceeds received		$	2,493			$	—
Pretax gain realized		$	2,363			$	—

Gains on the sale of available-for-sale securities have been determined using the average cost method and are recorded in other income (expense), net on the Condensed Consolidated Statements of Operations and Comprehensive Income.

Other Accrued Liabilities

 

		March 31, 2015				December 31, 2014
Compensation and employee benefit liabilities		$	60,075			$	122,291
Deferred revenue			23,932				25,888
Product warranty accrual			15,366				17,054
Accrued interest			35,041				8,952
Restructuring reserve			5,019				5,657
Income taxes payable			19,021				35,302
Accrued professional fees			11,864				7,147
Other			66,067				66,715
		$	236,385			$	289,006

 

Accumulated Other Comprehensive Loss

The following table presents changes in accumulated other comprehensive income (AOCI), net of tax, and accumulated other comprehensive loss (AOCL), net of tax:

 

		Three Months Ended March 31,
		2015				2014
Foreign currency translation
AOCL balance, beginning of period		$	(80,483	)		$	(29,072	)
Other comprehensive income (loss)			(29,366	)			1,727
Amounts reclassified from AOCL			(122	)			(100	)
AOCL balance, end of period		$	(109,971	)		$	(27,445	)
Pension and other postretirement benefit activity
AOCI (AOCL) balance, beginning of period		$	(14,957	)		$	2,796
Amounts reclassified from AOCI (AOCL)			(1,587	)			(1,551	)
AOCI (AOCL) balance, end of period		$	(16,544	)		$	1,245
Available-for-sale securities
AOCI balance, beginning of period		$	11,892			$	—
Other comprehensive loss			(1,528	)			—
Amounts reclassified from AOCI			(1,461	)			—
AOCI balance, end of period		$	8,903			$	—
Net AOCL, end of period		$	(117,612	)		$	(26,200	)

Amounts reclassified from net AOCL related to foreign currency translation and available-for-sale securities are recorded in other income (expense), net in the Condensed Consolidated Statements of Operations and Comprehensive Income. Defined benefit plan amounts reclassified from net AOCL are included in the computation of net periodic benefit income and are primarily recorded in cost of sales and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income.

Cash Flow Information

 

		Three Months Ended
		March 31,
		2015				2014
Cash paid during the period for:
Income taxes, net of refunds		$	34,075			$	15,595
Interest		$	7,272			$	52,341