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OTHER COMPREHENSIVE INCOME (Tables)
6 Months Ended
Jun. 30, 2014
EQUITY [Abstract]  
Accumulated Other Comprehensive Income (Loss) Net Of Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

December 31

 

 

June 30

 

in thousands

2014 

 

 

2013 

 

 

2013 

 

AOCI

 

 

 

 

 

 

 

 

Cash flow hedges

$       (21,609)

 

 

$       (25,178)

 

 

$       (26,481)

 

Pension and postretirement benefit plans

(71,618)

 

 

(74,453)

 

 

(130,185)

 

Total

$       (93,227)

 

 

$       (99,631)

 

 

$     (156,666)

 

 

Changes In Accumulated Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

2,943 

 

 

2,943 

 

Amounts reclassified from AOCI

3,569 

 

 

(108)

 

 

3,461 

 

Net current period OCI changes

3,569 

 

 

2,835 

 

 

6,404 

 

Balance as of June 30, 2014

$       (21,609)

 

 

$       (71,618)

 

 

$       (93,227)

 

 

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

 

Reclassification of Amounts from Other Comprehensive Income Loss to Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

 

 

June 30

 

 

 

 

 

June 30

 

in thousands

2014 

 

 

2013 

 

 

2014 

 

 

2013 

 

Reclassification Adjustment for Cash Flow

 

 

 

 

 

 

 

 

 

 

 

 Hedges Losses

 

 

 

 

 

 

 

 

 

 

 

Interest expense

$            969 

 

 

$         1,386 

 

 

$         5,903 

 

 

$         2,801 

 

Benefit from income taxes

(385)

 

 

(551)

 

 

(2,334)

 

 

(1,112)

 

Total

$            584 

 

 

$            835 

 

 

$         3,569 

 

 

$         1,689 

 

Amortization of Pension and Postretirement

 

 

 

 

 

 

 

 

 

 

 

 Plan Actuarial Loss and Prior Service Cost

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

$         1,445 

 

 

$         4,553 

 

 

$           (141)

 

 

$         9,010 

 

Selling, administrative and general expenses

382 

 

 

1,089 

 

 

(36)

 

 

2,274 

 

(Benefit from) provision for income taxes

(712)

 

 

(2,211)

 

 

69 

 

 

(4,421)

 

Total

$         1,115 

 

 

$         3,431 

 

 

$           (108)

 

 

$         6,863 

 

Total reclassifications from AOCI to earnings

$         1,699 

 

 

$         4,266 

 

 

$         3,461 

 

 

$         8,552