OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2014

EQUITY [Abstract]

OTHER COMPREHENSIVE INCOME

Note 11: other Comprehensive Income

Comprehensive income comprises two subsets: net earnings and other comprehensive income (OCI). The components of other comprehensive income are presented in the accompanying Condensed Consolidated Statements of Comprehensive Income, net of applicable taxes.

Amounts in accumulated other comprehensive income (AOCI), net of tax, are as follows:

	March 31	December 31	March 31
in thousands	2014	2013	2013
AOCI
Cash flow hedges	$       (22,193)	$       (25,178)	$       (27,316)
Pension and postretirement benefit plans	(72,733)	(74,453)	(193,915)
Total	$       (94,926)	$       (99,631)	$     (221,231)

Changes in AOCI, net of tax, for the three months ended March  31, 2014 are as follows:

		Pension and
	Cash Flow	Postretirement
in thousands	Hedges	Benefit Plans	Total
AOCI
Balance as of December 31, 2013	$       (25,178)	$       (74,453)	$       (99,631)
Other comprehensive income (loss)
before reclassifications  1	0	2,942	2,942
Amounts reclassified from AOCI	2,985	(1,222)	1,763
Net current period OCI changes	2,985	1,720	4,705
Balance as of March 31, 2014	$       (22,193)	$       (72,733)	$       (94,926)

1  Remeasurement of the postretirement obligation as a result of the March 2014 sale of our cement and concrete businesses in the Florida area (see Note 16).

Amounts reclassified from AOCI to earnings, are as follows:

	Three Months Ended
		March 31
in thousands	2014	2013
Reclassification Adjustment for Cash Flow
Hedges Losses
Interest expense	$          4,934	$          1,415
Benefit from income taxes	(1,949)	(561)
Total	$          2,985	$             854
Amortization of Pension and Postretirement
Plan Actuarial Loss and Prior Service Cost
Cost of goods sold	$         (1,587)	$          4,457
Selling, administrative and general expenses	(418)	1,185
(Benefit from) provision for income taxes	783	(2,210)
Total	$         (1,222)	$          3,432
Total reclassifications from AOCI to earnings	$          1,763	$          4,286