Other Comprehensive Income (Loss) |
Note 26 – Other comprehensive loss The following table presents changes in accumulated other comprehensive loss by component for the years ended December 31, 2016, 2015 and 2014. | | Changes in Accumulated Other Comprehensive Loss by Component [1] | | | | | Years ended December 31, | (In thousands) | | | 2016 | | 2015 | | 2014 | Foreign currency translation | Beginning Balance | $ | (35,930) | $ | (32,832) | $ | (36,099) | | | Other comprehensive loss before | | | | | | | | | | reclassifications | | (4,026) | | (3,098) | | (4,451) | | | Amounts reclassified from accumulated other | | | | | | | | | | comprehensive loss | | - | | - | | 7,718 | | | Net change | | (4,026) | | (3,098) | | 3,267 | | | Ending balance | $ | (39,956) | $ | (35,930) | $ | (32,832) | Adjustment of pension and | | | | | | | | | | postretirement benefit plans | Beginning Balance | $ | (211,276) | $ | (205,187) | $ | (104,302) | | | Other comprehensive loss before | | | | | | | | | | reclassifications | | (11,402) | | (16,032) | | (98,015) | | | Amounts reclassified from accumulated other | | | | | | | | | | comprehensive loss for amortization | | | | | | | | | | of net losses | | 13,386 | | 12,261 | | (5,188) | | | Amounts reclassified from accumulated other | | | | | | | | | | comprehensive loss for amortization | | | | | | | | | | of prior service credit | | (2,318) | | (2,318) | | 2,318 | | | Net change | | (334) | | (6,089) | | (100,885) | | | Ending balance | $ | (211,610) | $ | (211,276) | $ | (205,187) | Unrealized net holding | | | | | | | | | gains (losses) on | Beginning Balance | $ | (9,560) | $ | 8,465 | $ | (48,344) | | investments | Other comprehensive (loss) income before | | | | | | | | | | reclassifications | | (58,585) | | (29,871) | | 55,987 | | | Other-than-temporary impairment amounts reclassified | | | | | | | | | | from accumulated other comprehensive (loss) income | | 167 | | 11,959 | | - | | | Amounts reclassified from accumulated other | | | | | | | | | | comprehensive (loss) income | | (340) | | (113) | | 822 | | | Net change | | (58,758) | | (18,025) | | 56,809 | | | Ending balance | $ | (68,318) | $ | (9,560) | $ | 8,465 | Unrealized net losses | | | | | | | | | on cash flow hedges | Beginning Balance | $ | (120) | $ | (318) | $ | - | | | Other comprehensive loss before | | | | | | | | | | reclassifications | | (2,203) | | (2,669) | | (4,034) | | | Amounts reclassified from other accumulated other | | | | | | | | | | comprehensive loss | | 1,921 | | 2,867 | | 3,716 | | | Net change | | (282) | | 198 | | (318) | | | Ending balance | $ | (402) | $ | (120) | $ | (318) | | | Total | $ | (320,286) | $ | (256,886) | $ | (229,872) | [1] All amounts presented are net of tax. | | | | | | |
| | Reclassifications Out of Accumulated Other Comprehensive Loss | | | Affected Line Item in the | Years ended December 31, | (In thousands) | Consolidated Statements of Operations | 2016 | 2015 | 2014 | Foreign currency translation | | | | | | | | | | Cumulative translation adjustment | | | | | | | | | | reclassified into earnings | Other operating income | $ | - | $ | - | $ | (7,718) | | | Total before tax | | - | | - | | (7,718) | | | Income tax (expense) benefit | | - | | - | | - | | | Total net of tax | $ | - | $ | - | $ | (7,718) | | | | | | | | | | | Adjustment of pension and postretirement benefit plans | | | | | | | | | Amortization of net losses | Personnel costs | $ | (21,948) | $ | (20,100) | $ | 8,505 | | Amortization of prior service credit | Personnel costs | | 3,800 | | 3,800 | | (3,800) | | | Total before tax | | (18,148) | | (16,300) | | 4,705 | | | Income tax benefit (expense) | | 7,080 | | 6,357 | | (1,835) | | | Total net of tax | $ | (11,068) | $ | (9,943) | $ | 2,870 | Unrealized holding gains (losses) on investments | | | | | | | | | Realized gain (loss) on sale of securities | Net gain (loss) on sale and valuation adjustments | | | | | | | | | | of investment securities | $ | 379 | $ | 141 | $ | (870) | | | Other-than-temporary impairment losses | | | | | | | | | | on available-for-sale debt securities | | (209) | | (14,445) | | - | | | Total before tax | | 170 | | (14,304) | | (870) | | | Income tax benefit | | 3 | | 2,458 | | 48 | | | Total net of tax | $ | 173 | $ | (11,846) | $ | (822) | Unrealized net losses on cash flow hedges | | | | | | | | | Forward contracts | Mortgage banking activities | $ | (3,149) | $ | (4,702) | $ | (6,091) | | | Total before tax | | (3,149) | | (4,702) | | (6,091) | | | Income tax benefit | | 1,228 | | 1,835 | | 2,375 | | | Total net of tax | $ | (1,921) | $ | (2,867) | $ | (3,716) | | | Total reclassification adjustments, net of tax | $ | (12,816) | $ | (24,656) | $ | (9,386) |
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