Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2021

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) components, net of income tax, are shown in the following table for the three-month and six-month periods ended June 30, 2021 and 2020:


(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding gain (loss) on cash flow hedge		Unrealized gains (losses) on AFS debt securities		Total
Beginning balance at April 1, 2021		$	(34,421)	$	(573)	$	27,093	$	(7,901)
	Other comprehensive income before reclassifications	—		113		4,858		4,971
Net current period other comprehensive income		—		113		4,858		4,971
Ending balance at June 30, 2021		$	(34,421)	$	(460)	$	31,951	$	(2,930)

Beginning balance at April 1, 2020		$	(26,674)	$	(937)	$	35,715	$	8,104
	Amounts reclassified from accumulated other comprehensive income	—		—		(2,617)		(2,617)
	Other comprehensive income before reclassifications	—		15		8,359		8,374
Net current period other comprehensive income		—		15		5,742		5,757
Ending balance at June 30, 2020		$	(26,674)	$	(922)	$	41,457	$	13,861


(in thousands)		Changes in pension plan assets and benefit obligations		Unrealized net holding gain (loss) on cash flow hedge		Unrealized gains (losses) on AFS debt securities		Total
Beginning balance at January 1, 2021		$	(34,421)	$	(698)	$	40,690	$	5,571
	Other comprehensive income (loss) before reclassifications	—		238		(8,739)		(8,501)
Net current period other comprehensive income (loss)		—		238		(8,739)		(8,501)
Ending balance at June 30, 2021		$	(34,421)	$	(460)	$	31,951	$	(2,930)

Beginning balance at January 1, 2020		$	(26,674)	$	(454)	$	17,539	$	(9,589)
	Amounts reclassified from accumulated other comprehensive income	—		—		(2,617)		(2,617)
	Other comprehensive (loss) income before reclassifications	—		(468)		26,535		26,067
Net current period other comprehensive (loss) income		—		(468)		23,918		23,450
Ending balance at June 30, 2020		$	(26,674)	$	(922)	$	41,457	$	13,861

During the three-month and six-month periods ended June 30, 2021, there were no reclassifications out of accumulated other comprehensive income (loss). During the three-month and six-month periods ended June 30, 2020, there was $3.3 million ($2.6 million net of tax) reclassified out of accumulated other comprehensive income due to net gains on the sale of AFS debt securities. These gains were recorded within "Net gain on the sale of debt securities" on the Consolidated Condensed Statements of Income.