OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2016

OTHER COMPREHENSIVE INCOME [Abstract]

OTHER COMPREHENSIVE INCOME

NOTE 14: 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 Consolidated Statements of Comprehensive Income and Consolidated Statements of Equity, net of applicable taxes.

Amounts in accumulated other comprehensive income (AOCI), net of tax, at December 31, are as follows:

in thousands	2016	2015	2014
AOCI
Cash flow hedges	$       (13,300)	$     (14,494)	$     (20,322)
Pension and postretirement plans	(126,076)	(105,575)	(141,392)
Total	$     (139,376)	$   (120,069)	$   (161,714)

Changes in AOCI, net of tax, for the three years ended December 31, 2016 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 (loss)
before reclassifications	0	(69,051)	(69,051)
Amounts reclassified from AOCI	4,856	2,112	6,968
Net OCI changes	4,856	(66,939)	(62,083)
Balance as of December 31, 2014	$       (20,322)	$   (141,392)	$   (161,714)
Other comprehensive income (loss)
before reclassifications	0	23,832	23,832
Amounts reclassified from AOCI	5,828	11,985	17,813
Net OCI changes	5,828	35,817	41,645
Balance as of December 31, 2015	$       (14,494)	$   (105,575)	$   (120,069)
Other comprehensive income (loss)
before reclassifications	0	(20,583)	(20,583)
Amounts reclassified from AOCI	1,194	82	1,276
Net OCI changes	1,194	(20,501)	(19,307)
Balance as of December 31, 2016	$       (13,300)	$   (126,076)	$   (139,376)

Amounts reclassified from AOCI to earnings, are as follows:

in thousands	2016	2015	2014
Reclassification Adjustment for Cash Flow
Hedge Losses
Interest expense	$          2,008	$        9,759	$        7,988
Benefit from income taxes	(814)	(3,931)	(3,132)
Total 1	$          1,194	$        5,828	$        4,856
Amortization of Pension and Postretirement Plan
Actuarial Loss and Prior Service Cost
Cost of revenues	$             109	$      15,916	$        2,789
Selling, administrative and general expenses	25	3,608	688
Benefit from income taxes	(52)	(7,539)	(1,365)
Total 2	$               82	$      11,985	$        2,112
Total reclassifications from AOCI to earnings	$          1,276	$      17,813	$        6,968

1	Totals for 2015 and 2014 include the acceleration of a proportional amount of deferred losses on interest rate derivatives (see Note 5) referable to debt purchases (see Note 6).
2	Total for 2015 includes a one-time settlement loss resulting from a lump sum payment to a former employee (see Note 10). Total for 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 19).