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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 

The following table provides changes in the components of accumulated other comprehensive income (loss), net of the related income tax effects:

(in thousands)
 
Pension and Postretirement Plans
Balance as of December 31, 2014
 
$
(22,870
)
Other comprehensive income before reclassifications
 
3,305

Amounts reclassified from accumulated other comprehensive income
 
19,828

Change in accumulated other comprehensive income (loss)
 
23,133

Balance as of December 31, 2015
 
$
263
























The following table provides details of the reclassifications out of accumulated other comprehensive income (loss):

Years ended December 31, (in thousands)
2015
2014
2013
 
 
 
Amounts Reclassified
Line Item Where Presented
Gains (losses) on cash flow hedges:
 
 
 
 
Commodity contracts
$

$
21,611

$
35,684

Gain (loss) on derivative instruments, net
Interest rate swap

(2,280
)
(1,723
)
Interest expense
Total cash flow hedges

19,331

33,961

 
Income tax expense

(7,414
)
(12,957
)
 
Net of tax

11,917

21,004

 
Pension and postretirement plans:
 
 
 
 
Transition obligation

(22
)
(319
)
General and administrative
Prior service cost

(248
)
(257
)
General and administrative
Actuarial losses
(30,504
)
(21,932
)
(12,357
)
General and administrative
Actuarial losses on settlement charges*


(421
)
Assets held for sale
Total pension and postretirement plans
(30,504
)
(22,202
)
(13,354
)
 
Income tax benefit
10,676

7,771

4,674

 
Net of tax
(19,828
)
(14,431
)
(8,680
)
 
Total reclassifications for the period
$
(19,828
)
$
(2,514
)
$
12,324

 
*During the year ended December 31, 2013, Energen incurred settlement charges of $0.6 million for the payment of lump sums from the nonqualified supplemental retirement plans, of which $0.2 million was recognized in actuarial losses above and $0.4 million was recognized as a regulatory asset at Alagasco and reported in actuarial losses on settlement charges above.