COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2014

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) is a term used to refer to net earnings (loss) plus other comprehensive income (loss). Other comprehensive income (loss) is comprised of revenues, expenses, gains, and losses that, under generally accepted accounting principles, are reported as separate components of shareholders’ equity instead of net earnings (loss). Forest’s other comprehensive income during the three and six months ended June 30, 2014 consists of actuarial losses reclassified from accumulated other comprehensive loss and included in net periodic benefit cost, which is included in the line item “General and administrative” in the Condensed Consolidated Statements of Operations.

The components of other comprehensive income, both before-tax and net-of-tax, for the three and six months ended June 30, 2014 are as follows:

	Before-Tax		Tax (Expense) / Benefit(1)		Net-of-Tax
	(In Thousands)
Three Months Ended June 30, 2014:
Defined benefit postretirement plans
Actuarial losses reclassified from accumulated other comprehensive loss and included in net periodic benefit cost	$	174	$	—	$	174
Other comprehensive income	$	174	$	—	$	174
Six Months Ended June 30, 2014:
Defined benefit postretirement plans
Actuarial losses reclassified from accumulated other comprehensive loss and included in net periodic benefit cost	$	347	$	—	$	347
Other comprehensive income	$	347	$	—	$	347

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(1) Tax expense is offset by an equal decrease in the valuation allowance.

The change in the accumulated balance of other comprehensive loss during the six months ended June 30, 2014 is as follows:

	Accumulated Other Comprehensive Loss(1)
	(In Thousands)
Defined benefit postretirement plans
Balance at December 31, 2013	$	(10,398	)
Amounts reclassified from accumulated other comprehensive loss	347
Other comprehensive income	347
Balance at June 30, 2014	$	(10,051	)

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(1) All amounts are net of tax.