Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss).

Accumulated Other Comprehensive Income (Loss)

3. Accumulated Other Comprehensive Income (Loss)

The following items are included in accumulated other comprehensive income (loss) (“AOCI”), net of tax:

			Pension,
			Postretirement				Accumulated
			and Other Post-				Other
	Derivative		Employment		Available-for-		Comprehensive
	Instruments		Benefits		Sale Securities		Income (loss)
	(In thousands)
Balances at December 31, 2022	$	—	$	61,485	$	(56)	$	61,429
Unrealized (losses)		—		—		(60)		(60)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(5,790)		21		(5,769)
Tax effect		—		1,272		8		1,280
Balances at June 30, 2023	$	—	$	56,967	$	(87)	$	56,880

The following amounts were reclassified out of AOCI:

	Three Months Ended June 30,				Six Months Ended June 30,				Line Item in the Condensed Consolidated
Details About AOCI Components	2023		2022		2023		2022		Income Statements
	(In thousands)
Interest rate hedges		—		—		—		(112)	Interest expense
Interest rate hedges (ineffective portion)		—		—		—		(1,428)	Net loss resulting from early retirement of debt
		—		—		—		—	Provision for income taxes
	$	—	$	—	$	—	$	(1,540)	Net of tax
Pension, postretirement and other post-employment benefits
Amortization of actuarial gains, net 1	$	2,859	$	346	$	5,717	$	973	Non-service related pension and postretirement benefit credits (costs)
Amortization of prior service credits		36		177		73		73	Non-service related pension and postretirement benefit credits
Pension settlement		—		414		—		414	Non-service related pension and postretirement benefit credits (costs)
		2,895		937		5,790		1,460	Total before tax
		(636)		—		(1,272)		—	Provision for income taxes
	$	2,259	$	937	$	4,518	$	1,460	Net of tax
Available-for-sale securities 2	$	1	$	—	$	(21)	$	(182)	Interest and investment income
		3		—		8		—	Provision for income taxes
	$	4	$	—	$	(13)	$	(182)	Net of tax

¹ Production-related benefits and workers’ compensation costs are included in costs of sales.

² The gains and losses on sales of available-for-sale-securities are determined on a specific identification basis.