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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The other comprehensive income (loss) consists of the following components:
 
Year Ended December 31, 2017
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
33,175

 
$

 
$
33,175

Adjustment for sale of a business with foreign operations
137

 

 
137

 
33,312

 

 
33,312

Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
112,086

 
(44,834
)
 
67,252

Pension and other postretirement plans:
 
 
 
 
 
Actuarial gain
179,674

 
(48,511
)
 
131,163

Prior service cost
(75
)
 
20

 
(55
)
Amortization of net actuarial gain included in net income
(6,527
)
 
2,612

 
(3,915
)
Amortization of net prior service cost included in net income
477

 
(191
)
 
286

 
173,549

 
(46,070
)
 
127,479

Cash flow hedge:
 
 
 
 
 
Gain for the year
112

 
(19
)
 
93

Other Comprehensive Income
$
319,059

 
$
(90,923
)
 
$
228,136

 
Year Ended December 31, 2016
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
(22,149
)
 
$

 
$
(22,149
)
Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
55,507

 
(22,203
)
 
33,304

Reclassification adjustment for net realized loss on sale of available-for-sale securities included in net income
1,879

 
(752
)
 
1,127

 
57,386

 
(22,955
)
 
34,431

Pension and other postretirement plans:
 
 
 
 
 
Actuarial loss
(133,915
)
 
53,566

 
(80,349
)
Amortization of net actuarial loss included in net income
1,157

 
(463
)
 
694

Amortization of net prior service cost included in net income
419

 
(167
)
 
252

Curtailments and settlements included in net income
(17,993
)
 
7,197

 
(10,796
)
 
(150,332
)
 
60,133

 
(90,199
)
Cash flow hedge:
 
 
 
 
 
Loss for the year
(334
)
 
57

 
(277
)
Other Comprehensive Loss
$
(115,429
)
 
$
37,235

 
$
(78,194
)
 
Year Ended December 31, 2015
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
(18,898
)
 
$

 
$
(18,898
)
Adjustment for sales of businesses with foreign operations
5,501

 

 
5,501

  
(13,397
)
 

 
(13,397
)
Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
10,620

 
(4,248
)
 
6,372

Reclassification adjustment for realized gain on sale of available-for-sale securities included in net income
(4
)
 
2

 
(2
)
 
10,616

 
(4,246
)
 
6,370

Pension and other postretirement plans:
 
 
 
 
 
Actuarial loss
(211,054
)
 
84,421

 
(126,633
)
Amortization of net actuarial gain included in net income
(9,906
)
 
3,962

 
(5,944
)
Amortization of net prior service cost included in net income
275

 
(110
)
 
165

Curtailments and settlements included in net income
51

 
(21
)
 
30

Curtailments and settlements included in distribution to Cable ONE
834

 
(333
)
 
501

 
(219,800
)
 
87,919

 
(131,881
)
Cash flow hedge:
 
 
 
 
 
Gain for the year
179

 
(71
)
 
108

Other Comprehensive Loss
$
(222,402
)
 
$
83,602

 
$
(138,800
)

The accumulated balances related to each component of other comprehensive income (loss) are as follows:
(in thousands, net of taxes)
Cumulative
Foreign
Currency
Translation
Adjustment
 
Unrealized Gain
on Available-for-
Sale Securities
 
Unrealized Gain
on Pensions
and Other
Postretirement
Plans
 
Cash Flow
Hedge
 
Accumulated
Other
Comprehensive
Income
As of December 31, 2015
$
(4,849
)
 
$
58,500

 
$
261,029

 
$

 
$
314,680

Other comprehensive (loss) income before reclassifications
(22,149
)
 
33,304

 
(80,349
)
 
(290
)
 
(69,484
)
Net amount reclassified from accumulated other comprehensive income

 
1,127

 
(9,850
)
 
13

 
(8,710
)
Net other comprehensive (loss) income
(22,149
)
 
34,431

 
(90,199
)
 
(277
)
 
(78,194
)
As of December 31, 2016
(26,998
)
 
92,931

 
170,830

 
(277
)
 
236,486

Other comprehensive income (loss) before reclassifications
33,175

 
67,252

 
131,108

 
(29
)
 
231,506

Net amount reclassified from accumulated other comprehensive income
137

 

 
(3,629
)
 
122

 
(3,370
)
Net other comprehensive income
33,312

 
67,252

 
127,479

 
93

 
228,136

Reclassification of stranded tax effects to retained earnings as a result of tax reform

 
34,706

 
36,227

 

 
70,933

As of December 31, 2017
$
6,314

 
$
194,889

 
$
334,536

 
$
(184
)
 
$
535,555



The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:
 
Year Ended December 31
 
Affected Line Item in the Consolidated Statement of Operations
(in thousands)
2017
 
2016
 
2015
 
Foreign Currency Translation Adjustments:
 
 
 
 
 
 
 
Adjustment for sales of businesses with foreign operations
$
137

 
$

 
$
5,501

 
Other income (expense), net
Unrealized Gains on Available-for-Sale Securities:
 
 
 
 
 
 
 
Realized loss (gain) for the year

 
1,879

 
(4
)
 
Other income (expense), net
 

 
(752
)
 
2

 
(Benefit from) provision for income taxes
 

 
1,127

 
(2
)
 
Net of tax
Pension and Other Postretirement Plans:
 
 
 
 
 
 
 
Amortization of net actuarial (gain) loss
(6,527
)
 
1,157

 
(9,906
)
 
(1)
Amortization of net prior service cost
477

 
419

 
275

 
(1)
Curtailment (gains) losses

 
(17,993
)
 
51

 
(1)
 
(6,050
)
 
(16,417
)
 
(9,580
)
 
Before tax
 
2,421

 
6,567

 
3,831

 
(Benefit from) provision for income taxes
 
(3,629
)
 
(9,850
)
 
(5,749
)
 
Net of tax
Cash Flow Hedge
 
 
 
 
 
 
 
 
152

 
16

 
132

 
Interest expense
 
(30
)
 
(3
)
 
(53
)
 
(Benefit from) provision for income taxes
 
122

 
13

 
79

 
Net of tax
Total reclassification for the year
$
(3,370
)
 
$
(8,710
)
 
$
(171
)
 
Net of tax
____________
(1)
These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 15) and are included in non-operating pension and postretirement benefit income in the Company's Consolidated Statements of Operations.