Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity

Components of basic and diluted earnings per share

	2013		2012		2011
	(in thousands, except per share amounts)
Income from continuing operations	$	252,998		192,528		172,205
Weighted average shares outstanding — basic		85,589		85,726		85,783
Dilutive potential shares from stock options		—		2		10
Weighted average shares outstanding — diluted		85,589		85,728		85,793
Earnings per share from continuing operations, basic and diluted	$	2.96		2.25		2.01

Summary of other comprehensive income (loss) activity

	Unrealized gains on investment securities		Change in valuation allowance for unrealized gains (losses) on investment securities		Pension and postretirement benefits		Total accumulated other comprehensive income (loss)
	(in thousands)
Balance at December 31, 2012	$	1,823		32		(48,652)		(46,797)
Other comprehensive income before reclassification		10,447		6,085		25,592		42,124
Amount reclassified from accumulated other comprehensive income		(9,120)		(5,307)		3,241		(11,186)
Net current period other comprehensive income		1,327		778		28,833		30,938
Balance at December 31, 2013	$	3,150	$	810		(19,819)		(15,859)

Summary of reclassifications from accumulated other comprehensive income and included in net income

Reclassifications from accumulated other comprehensive income and included in net income are summarized in the table that follows for the year ended December 31, 2013.

	Pre-tax		Tax (expense) benefit		Net of tax		Statement of income line item
	(in thousands)
Reclassifications included in net income:
Realized gain on sale of available for sale investment securities	$	14,417		(5,297)		9,120	Investment and other income
Valuation allowance		—		5,307		5,307	Provision for income taxes
Amortization of pension and postretirement benefits		(5,182)		1,941		(3,241)	Underwriting and distribution expense and Compensation and related costs
Total	$	9,235		1,951		11,186