Comprehensive Income

3 Months Ended

Mar. 31, 2014

Comprehensive Income [Abstract]

Comprehensive Income

(13)  Comprehensive Income:

Comprehensive income consists of net income and other gains and losses affecting shareholders’ investment and pension/postretirement benefit (OPEB) liabilities that, under U.S. GAAP, are excluded from net income.

The components of accumulated other comprehensive loss, net of tax at March 31, 2014 and 2013, and changes for the three months then ended, are as follows:

($ in thousands)	Pension Costs		OPEB Costs		Deferred taxes on pension and OPEB costs		All other		Total
Balance at January 1, 2014	$	(411,432)	$	(5,230)	$	156,280	$	(148)	$	(260,530)
Other comprehensive income before reclassifications		-		-		-		148		148
Amounts reclassified from accumulated other comprehensive loss		4,830		(168)		(1,771)		-		2,891
Net current-period other comprehensive income (loss)		4,830		(168)		(1,771)		148		3,039
Balance at March 31, 2014	$	(406,602)	$	(5,398)	$	154,509	$	-	$	(257,491)

($ in thousands)	Pension Costs		OPEB Costs		Deferred taxes on pension and OPEB costs		All other		Total
Balance at January 1, 2013	$	(697,874)	$	(74,264)	$	288,712	$	(150)	$	(483,576)
Other comprehensive income before reclassifications		(229)		-		293		-		64
Amounts reclassified from accumulated other comprehensive loss		10,074		703		(4,095)		-		6,682
Net current-period other comprehensive income (loss)		9,845		703		(3,802)		-		6,746
Balance at March 31, 2013	$	(688,029)	$	(73,561)	$	284,910	$	(150)	$	(476,830)

The significant items reclassified from each component of accumulated other comprehensive loss for the three months ended March 31, 2014 and 2013 are as follows:

($ in thousands)	Amount Reclassified from
	Accumulated Other Comprehensive Loss (a)
Details about Accumulated Other Comprehensive	For the three months ended March 31,				Affected Line Item in the Statement Where
Loss Components	2014		2013		Net Income is Presented
Amortization of Pension Cost Items (b)
Prior-service costs	$	(11)	$	(2)
Actuarial gains/(losses)		(4,819)		(10,072)
		(4,830)		(10,074)	Income before income taxes
Tax impact		1,835		3,828	Income tax (expense) benefit
	$	(2,995)	$	(6,246)	Net income
Amortization of OPEB Cost Items (b)
Prior-service costs	$	890	$	1,525
Actuarial gains/(losses)		(722)		(2,228)
		168		(703)	Income before income taxes
Tax impact		(64)		267	Income tax (expense) benefit
	$	104	$	(436)	Net income

(a) Amounts in parentheses indicate losses.

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension and OPEB costs (see Note 14 - Retirement Plans for additional details).