Changes In Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2014

Changes In Accumulated Other Comprehensive Income [Abstract]

Changes In Accumulated Other Comprehensive Income

Note 15.  Changes in Accumulated Other Comprehensive Income 

Changes in Accumulated Other Comprehensive Income by Component

For the three months ending March 31, 2014

(Amounts in Thousands)			Gains and Losses on Derivatives Fair Value *		Unrealized Translation Loss		Defined Benefit Pension Items		Total
Beginning balance January 1, 2014		$	4,279	$	414	$	9,217	$	13,910
	Other comprehensive (loss) income
	before reclassification		(467)		25		-		(442)
	Amount reclassified from accumulated
	other comprehensive income		458		-		(175)		283
Net current-period other
comprehensive (loss) income			(9)		25		(175)		(159)
Ending balance as of March 31, 2014		$	4,270	$	439	$	9,042	$	13,751

*The fair value balance as of March 31, 2014, includes a negative $588,000 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 March 31, 2014

(Amounts in Thousands)
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	$	327	Interest expense
	Foreign exchange contracts		131	Other revenues
			458	Total before tax
			-	Tax (expense) or benefit
			458	Net of tax
Amortization of defined benefit pension items
	Prior service costs		(75)	A&G Expense
	Actuarial losses		(100)	A&G Expense
	Actuarial gains (losses)		-
			(175)	Total before tax
			-	Tax (expense) or benefit
			(175)	Net of tax
Total reclassifications for the period		$	283	Net of tax