OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 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:

	September 30	December 31	September 30
in thousands	2015	2014	2014
AOCI
Cash flow hedges	$       (14,715)	$       (20,322)	$       (21,011)
Pension and postretirement benefit plans	(132,131)	(141,392)	(70,504)
Total	$     (146,846)	$     (161,714)	$       (91,515)

Changes in AOCI, net of tax, for the nine months ended September 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 (loss)
before reclassifications	0	0	0
Amounts reclassified from AOCI	5,607	9,261	14,868
Net current period OCI changes	5,607	9,261	14,868
Balance as of September 30, 2015	$       (14,715)	$     (132,131)	$     (146,846)

Amounts reclassified from AOCI to earnings, are as follows:

	Three Months Ended		Nine Months Ended
	September 30			September 30
in thousands	2015	2014		2015	2014
Reclassification Adjustment for Cash Flow
Hedge Losses
Interest expense	$            467	$            989		$         9,282	$         6,892
(Benefit from) provision for income taxes	(185)	(391)		(3,675)	(2,725)
Total 1	$            282	$            598		$         5,607	$         4,167
Amortization of Pension and Postretirement
Plan Actuarial Loss and Prior Service Cost
Cost of revenues	$         5,242	$         1,465		$       12,417	$         1,324
Selling, administrative and general expenses	1,136	362		2,796	326
(Benefit from) provision for income taxes	(2,495)	(713)		(5,952)	(644)
Total 2	$         3,883	$         1,114		$         9,261	$         1,006
Total reclassifications from AOCI to earnings	$         4,165	$         1,712		$       14,868	$         5,173

1	Nine months ended September 30, 2015 and 2014 include the acceleration of a proportional amount of deferred interest rate derivatives (see Note 6) referable to debt purchases (see Note 7).
2	Nine months ended September 30, 2015 includes a one-time settlement loss resulting from a lump sum payment to a former employee (see Note 10). Nine months ended September 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).