XML 65 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL)
ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL):

The following tables summarizes the changes in accumulated other comprehensive loss (AOCL) for the years ended December 31, 2014 and 2013, respectively (in thousands):

 
Postretirement Liability Adjustment
 
Unrealized Gain (Loss) on Derivatives-Other
 
Unrealized Gain (Loss) on Available-for-Sale Securities
 
Total
Balance at January 1, 2014 (a)
(10,672
)
 
(594
)
 
$
397

 
$
(10,869
)
   Other comprehensive income before reclassifications
(4,345
)
 
—

 
76

 
(4,269
)
   Amounts reclassified from AOCL (b)
1,180

 
27

 
(548
)
 
659

Net current period other comprehensive income
(3,165
)
 
27

 
(472
)
 
(3,610
)
Balance at December 31, 2014 (a)
$
(13,837
)
 
$
(567
)
 
$
(75
)
 
$
(14,479
)


 
Postretirement Liability Adjustment
 
Unrealized Gain (Loss) on Derivatives-Other
 
Unrealized Gain (Loss) on Available-for-Sale Securities
 
Total
Balance at January 1, 2013 (a)
$
(12,958
)
 
$
(621
)
 
$
294

 
$
(13,285
)
   Other comprehensive income before reclassifications
932

 
—

 
592

 
1,524

   Amounts reclassified from AOCL (b)
1,354

 
27

 
(489
)
 
892

Net current period other comprehensive income
2,286

 
27

 
103

 
2,416

Balance at December 31, 2013 (a)
$
(10,672
)
 
$
(594
)
 
$
397

 
$
(10,869
)

(a) Determined using a combined statutory tax rate of 40% and 41% in 2014 and 2013, respectively.
(b) See table below.

The reclassifications out of AOCL for the years ended December 31, 2014 and 2013 is as follows (in thousands):

Components of AOCL
Amounts Reclassified from AOCL
 
Affected Line Item in the Statements of Income
For the Year Ended December 31, 2014
For the Year Ended December 31, 2013
 
Unrealized Loss on Derivatives-Other - Interest Rate Contracts designated as cash flow hedges
$
46

$
46

 
Interest Charges
Unrealized Gain on Available-for-Sale Securities
(918
)
(828
)
 
Other Income & Expense
Actuarial Loss on Postretirement Benefits
1,975

2,289

 
Operating Expenses: Operations
 
1,103

1,507

 
Loss (Income) Before Income Taxes
Income Taxes (a)
444

615

 
Income Taxes (a)
Losses (Gains) from reclassifications for the period net of tax
$
659

$
892

 
 


(a) Determined using a combined statutory tax rate of 40% and 41% in 2014 and 2013, respectively.