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Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of tax, are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proportionate

 

 

 

 

 

 

 

 

 

 

 

 

 

Share of

 

Accumulated

 

 

 

 

 

 

 

 

 

Telesat Other

 

Other

 

 

 

 

Available-for-

 

Postretirement

 

Comprehensive

 

Comprehensive

 

Derivatives

 

Sale Securities

 

Benefits

 

Loss

 

Loss

Balance at January 1, 2011

$
(6,753)

 

$
1,115 

 

$
(82,047)

 

$
(8,188)

 

$
(95,873)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive (loss)
before reclassification

 
(5,272)

 

 
(535)

 

 
(51,172)

 

 
(12,866)

 

 
(69,845)

Amounts reclassified from accumulated
other comprehensive income (loss)

 
10,719 

 

 

             —

 

 
524 

 

 

             —

 

 
11,243 

Net current-period other comprehensive
income (loss)

 
5,447 

 

 
(535)

 

 
(50,648)

 

 
(12,866)

 

 
(58,602)

Balance at December 31, 2011

 
(1,306)

 

 
580 

 

 
(132,695)

 

 
(21,054)

 

 
(154,475)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income
before reclassification

 
(415)

 

 
(120)

 

 
1,668 

 

 
1,313 

 

 
2,446 

Amounts reclassified from accumulated
other comprehensive income (loss)

 
1,721 

 

 
(460)

 

 
113,374 

 

 

             —

 

 
114,635 

Net current-period other comprehensive
income (loss)

 
1,306 

 

 
(580)

 

 
115,042 

 

 
1,313 

 

 
117,081 

Balance at December 31, 2012

 

         —

 

 

         —

 

 
(17,653)

 

 
(19,741)

 

 
(37,394)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income
before reclassification

 

         —

 

 

         —

 

 
3,102 

 

 
7,996 

 

 
11,098 

Amounts reclassified from accumulated
other comprehensive loss

 

         —

 

 

         —

 

 
5,380 

(a)

 

         —

 

 
5,380 

Net current-period other comprehensive
income

 

         —

 

 

         —

 

 
8,482 

 

 
7,996 

 

 
16,478 

Balance at December 31, 2013

$

         —

 

$

         —

 

$
(9,171)

 

$
(11,745)

 

$
(20,916)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Reclassification from postretirement benefits accumulated other comprehensive loss is comprised of $8.7 million included in general and administrative expenses and $3.3 million tax benefit thereon included in income tax benefit in our consolidated statement of operations.

 

Schedule of Other Comprehensive Income (Loss) and Related Income Tax Effects

The components of other comprehensive income and related tax effects are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Before-Tax

 

Tax (Expense)

 

Net-of-Tax

 

Amount

 

Benefit

 

Amount

Year ended December 31, 2013

 

 

 

 

 

 

 

 

Postretirement Benefits:

 

 

 

 

 

 

 

 

Net actuarial loss and prior service credits

$
5,012 

 

$
(1,910)

 

$
3,102 

Amortization of prior service credits and net actuarial loss

 
8,687 

 

 
(3,307)

 

 
5,380 

Postretirement benefits

 
13,699 

 

 
(5,217)

 

 
8,482 

 

 

 

 

 

 

 

 

 

Proportionate share of Telesat Holdco other comprehensive (loss) gain

 
12,906 

 

 
(4,910)

 

 
7,996 

Other comprehensive income (loss)

$
26,605 

 

$
(10,127)

 

$
16,478 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

 

 

 

 

 

 

 

Postretirement Benefits:

 

 

 

 

 

 

 

 

Net actuarial loss and prior service credits

$
2,962 

 

$
(1,294)

 

$
1,668 

Amortization of prior service credits and net actuarial loss

 
5,120 

 

 
(2,067)

 

 
3,053 

Amount reclassifed to statement of operations upon disposition of SS/L

 
123,377 

 

 
(13,056)

 

 
110,321 

Postretirement benefits

 
131,459 

 

 
(16,417)

 

 
115,042 

 

 

 

 

 

 

 

 

 

Proportionate share of Telesat Holdco other comprehensive income (loss) 

 
2,141 

 

 
(828)

 

 
1,313 

 

 

 

 

 

 

 

 

 

Derivatives:

 

 

 

 

 

 

 

 

Unrealized (loss) gain on foreign currency hedges

 
(693)

 

 
278 

 

 
(415)

Less: reclassification adjustment for loss (income) included in net income from discontinued operations

 
6,502 

 

 
(2,611)

 

 
3,891 

Amount reclassified to statement of operations upon disposition of SS/L

 
638 

 

 
(2,808)

 

 
(2,170)

Net unrealized gain (loss) on derivatives

 
6,447 

 

 
(5,141)

 

 
1,306 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

Unrealized loss on available-for-sale securities

 
(78)

 

 
(42)

 

 
(120)

Less: reclassification adjustment for gain included in net income

 
(276)

 

 
(184)

 

 
(460)

Net unrealized loss on available-for-sale securities

 
(354)

 

 
(226)

 

 
(580)

Other comprehensive income (loss)

$
139,693 

 

$
(22,612)

 

$
117,081 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2011

 

 

 

 

 

 

 

 

Postretirement Benefits:

 

 

 

 

 

 

 

 

Net actuarial loss and prior service credits

$
(85,596)

 

$
34,424 

 

$
(51,172)

Amortization of prior service credits and net actuarial loss

 
876 

 

 
(352)

 

 
524 

Postretirement benefits

 
(84,720)

 

 
34,072 

 

 
(50,648)

 

 

 

 

 

 

 

 

 

Proportionate share of Telesat Holdco other comprehensive (loss) income 

 
(21,517)

 

 
8,651 

 

 
(12,866)

 

 

 

 

 

 

 

 

 

Derivatives:

 

 

 

 

 

 

 

 

Unrealized (loss) gain on foreign currency hedges

 
(8,821)

 

 
3,549 

 

 
(5,272)

Less: reclassification adjustment for loss (income) included in net income from discontinued operations

 
17,935 

 

 
(7,216)

 

 
10,719 

Net unrealized gain on derivatives

 
9,114 

 

 
(3,667)

 

 
5,447 

 

 

 

 

 

 

 

 

 

Unrealized (loss) gain on available-for-sale securities

 
(895)

 

 
360 

 

 
(535)

Other comprehensive (loss) income

$
(98,018)

 

$
39,416 

 

$
(58,602)