OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2015

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:

	June 30	December 31	June 30
in thousands	2015	2014	2014
AOCI
Cash flow hedges	$       (14,997)	$       (20,322)	$       (21,609)
Pension and postretirement benefit plans	(136,014)	(141,392)	(71,618)
Total	$     (151,011)	$     (161,714)	$       (93,227)

Changes in AOCI, net of tax, for the six months ended June 30, 2015 are as follows:

		Pension and
	Cash Flow	Postretirement
in thousands	Hedges	Benefit Plans	Total
AOCI
Balance as of December 31, 2014	$       (20,322)	$     (141,392)	$     (161,714)
Other comprehensive income
before reclassifications	0	0	0
Amounts reclassified from AOCI	5,325	5,378	10,703
Net current period OCI changes	5,325	5,378	10,703
Balance as of June 30, 2015	$       (14,997)	$     (136,014)	$     (151,011)

Amounts reclassified from AOCI to earnings, are as follows:

	Three Months Ended		Six Months Ended
	June 30			June 30
in thousands	2015	2014		2015	2014
Reclassification Adjustment for Cash Flow
Hedge Losses
Interest expense	$          5,094	$             969		$          8,815	$          5,903
Benefit from income taxes	(2,017)	(385)		(3,490)	(2,334)
Total	$          3,077	$             584		$          5,325	$          3,569
Amortization of Pension and Postretirement
Plan Actuarial Loss and Prior Service Cost
Cost of revenues	$          3,643	$          1,445		$          7,175	$            (141)
Selling, administrative and general expenses	788	382		1,660	(36)
(Benefit from) provision for income taxes	(1,734)	(712)		(3,457)	69
Total 1	$          2,697	$          1,115		$          5,378	$            (108)
Total reclassifications from AOCI to earnings	$          5,774	$          1,699		$        10,703	$          3,461

1  Six months ended June 30, 2014 includes a one-time curtailment gain (see Note 10) resulting from the sale of our cement and concrete businesses in the Florida area (see Note 16).