OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2016

OTHER COMPREHENSIVE INCOME [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	2016	2015	2015
AOCI
Cash flow hedges	$       (13,592)	$       (14,494)	$       (14,715)
Pension and postretirement plans	(105,514)	(105,575)	(132,131)
Total	$     (119,106)	$     (120,069)	$     (146,846)

Changes in AOCI, net of tax, for the nine months ended September 30, 2016 are as follows:

		Pension and
	Cash Flow	Postretirement
in thousands	Hedges	Benefit Plans	Total
AOCI
Balance as of December 31, 2015	$       (14,494)	$     (105,575)	$     (120,069)
Amounts reclassified from AOCI	902	61	963
Net current period OCI changes	902	61	963
Balance as of September 30, 2016	$       (13,592)	$     (105,514)	$     (119,106)

Amounts reclassified from AOCI to earnings, are as follows:

	Three Months Ended		Nine Months Ended
	September 30		September 30
in thousands	2016	2015	2016	2015
Reclassification Adjustment for Cash Flow
Hedge Losses
Interest expense	$            507	$            467	$         1,490	$         9,282
Benefit from income taxes	(200)	(185)	(588)	(3,675)
Total 1	$            307	$            282	$            902	$         5,607
Amortization of Pension and Postretirement
Plan Actuarial Loss and Prior Service Cost
Cost of revenues	$              27	$         5,242	$              82	$       12,417
Selling, administrative and general expenses	6	1,136	18	2,796
Benefit from income taxes	(13)	(2,495)	(39)	(5,952)
Total 2	$              20	$         3,883	$              61	$         9,261
Total reclassifications from AOCI to earnings	$            327	$         4,165	$            963	$       14,868

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