OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 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:

	September 30	December 31	September 30
in thousands	2014	2013	2013
AOCI
Cash flow hedges	$       (21,011)	$       (25,178)	$       (25,802)
Pension and postretirement benefit plans	(70,504)	(74,453)	(128,074)
Total	$       (91,515)	$       (99,631)	$     (153,876)

Changes in AOCI, net of tax, for the nine months ended September  30, 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
before reclassifications  1	0	2,943	2,943
Amounts reclassified from AOCI	4,167	1,006	5,173
Net current period OCI changes	4,167	3,949	8,116
Balance as of September 30, 2014	$       (21,011)	$       (70,504)	$       (91,515)

1  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).

Amounts reclassified from AOCI to earnings, are as follows:

	Three Months Ended		Nine Months Ended
	September 30		September 30
in thousands	2014	2013	2014	2013
Reclassification Adjustment for Cash Flow
Hedge Losses
Interest expense	$            989	$         1,127	$         6,892	$         3,928
Benefit from income taxes	(391)	(448)	(2,725)	(1,560)
Total	$            598	$            679	$         4,167	$         2,368
Amortization of Pension and Postretirement
Plan Actuarial Loss and Prior Service Cost
Cost of revenues	$         1,465	$         2,827	$         1,324	$       11,837
Selling, administrative and general expenses	362	644	326	2,918
Benefit from income taxes	(713)	(1,360)	(644)	(5,781)
Total	$         1,114	$         2,111	$         1,006	$         8,974
Total reclassifications from AOCI to earnings	$         1,712	$         2,790	$         5,173	$       11,342