Changes In Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2013

Changes In Accumulated Other Comprehensive Income [Abstract]

Changes In Accumulated Other Comprehensive Income

Note 20.  Changes in Accumulated Other Comprehensive Income 

Changes in Accumulated  Other Comprehensive Income by Component

For the three months ending September 30, 2013

			Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
Beginning balance June 30, 2013		$	5,844	$	104	$	16,623	$	22,571
	Other comprehensive (loss) income
	before reclassification		(3,275)		307		-		(2,968)
	Amount reclassified from accumulated
	other comprehensive income		2,495		-		(306)		2,189
Net current-period other
comprehensive income			(780)		307		(306)		(779)
Ending balance		$	5,064	$	411	$	16,317	$	21,792

*The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.

Reclassifications out of Accumulated Other Comprehensive Income

For the three months ending September 30, 2013

Details about Accumulated Other Comprehensive Income Components			Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on derivatives fair value
	Interest rate contracts	$	2,444	Interest expense
	Foreign exchange contracts		51	Other revenues
			2,495	Total before tax
			-	Tax (expense) or benefit
			2,495	Net of tax
Amortization of defined benefit pension items
	Prior service costs		(25)	A&G Expense
	Actuarial losses		(281)	A&G Expense
	Actuarial gains (losses)		-
			(306)	Total before tax
			-	Tax (expense) or benefit
			(306)	Net of tax
Total reclassifications for the period		$	2,189	Net of tax

Changes in Accumulated  Other Comprehensive Income by Component

For the nine months ending September 30, 2013

			Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
Beginning balance as of January 1, 2013		$	7,352	$	350	$	17,244	$	24,946
	Other comprehensive (loss) income
	before reclassification		(4,070)		61		-		(4,009)
	Amount reclassified from accumulated
	other comprehensive income		1,781		-		(927)		854
Net current-period other
comprehensive income			(2,289)		61		(927)		(3,156)
Ending balance		$	5,064	$	411	$	16,317	$	21,792

*The fair value balance as of September 30, 2013, includes a negative $717,151 balance related to an interest rate swap from our 25% investment in Oslo Bulk AS.

Reclassifications out of Accumulated Other Comprehensive Income

For the nine months ending September 30, 2013

Details about Accumulated Other Comprehensive Income Components			Amount Reclassified from Accumulated Other Comprehensive Income	Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on derivatives fair value
	Interest rate contracts	$	1,795	Interest expense
	Foreign exchange contracts		(14)	Other revenues
			1,781	Total before tax
			-	Tax (expense) or benefit
			1,781	Net of tax
Amortization of defined benefit pension items
	Prior service costs		(75)	A&G Expense
	Actuarial losses		(852)	A&G Expense
			(927)	Total before tax
			-	Tax (expense) or benefit
			(927)	Net of tax
Total reclassifications for the period		$	854	Net of tax