Accumulated Other Comprehensive Loss |
ACCUMULATED OTHER COMPREHENSIVE LOSS All amounts recorded in other comprehensive loss are related to the Company's post-retirement plans and interest rate swaps designated as cash flow hedges. The following table shows the changes in accumulated other comprehensive loss, net of tax: | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2021 | | | | | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Beginning of period | | | | $ | (1,562) | | $ | (28,209) | | $ | (29,771) | | Other comprehensive loss before reclassifications(1) | | | | — | | (1,031) | | (1,031) | | Amounts reclassified from accumulated other comprehensive loss | | | | 19 | | 4,025 | | 4,044 | | Net current-period other comprehensive income (loss) | | | | 19 | | 2,994 | | 3,013 | | End of period | | | | $ | (1,543) | | $ | (25,215) | | $ | (26,758) | |
(1) Changes in other comprehensive income (loss) before reclassification for derivatives designated as cash flow hedges are recorded net of tax benefits of $0.4 million for the three months ended June 30, 2021. | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2020 | | | | | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Beginning of period | | | | $ | (4,127) | | $ | (41,874) | | $ | (46,001) | | Other comprehensive loss before reclassifications(2) | | | | — | | (4,722) | | (4,722) | | Amounts reclassified from accumulated other comprehensive loss | | | | 22 | | 3,283 | | 3,305 | | Net current-period other comprehensive income (loss) | | | | 22 | | (1,439) | | (1,417) | | End of period | | | | $ | (4,105) | | $ | (43,313) | | $ | (47,418) | |
(2)Changes in other comprehensive income (loss) before reclassification for derivatives designated as cash flow hedges are recorded net of tax benefits of $1.7 million for the three months ended June 30, 2020. The following table presents the reclassifications out of accumulated other comprehensive loss to net income: | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | | | 2021 | | 2020 | Amounts reclassified from accumulated other comprehensive loss: | | | | | | | | Post-retirement plans (Note 12): | | | | | | | | Amortization of net actuarial loss included in net periodic benefit cost | | | | | $ | 27 | | | $ | 29 | | Tax (benefit) expense | | | | | (8) | | | (7) | | Net of tax | | | | | $ | 19 | | | $ | 22 | | Derivatives designated as cash flow hedges (Note 9): | | | | | | | | Reclassification of hedge loss (gain) | | | | | $ | 5,443 | | | $ | 4,441 | | Tax (benefit) expense | | | | | (1,418) | | | (1,158) | | Net of tax | | | | | $ | 4,025 | | | $ | 3,283 | |
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