Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2011

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

Note 17 – Other Comprehensive Income (Loss)

Other comprehensive income (loss) components and related taxes are shown in the following table for the three months ended March 31, 2011 and 2010:

Three months ended March 31, (in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
2011:
Unrealized losses on available-for-sale securities	$	(3,166	)	$	(1,108	)	$	(2,058	)
Reclassification adjustment for gains realized in net income		(6,635	)		(2,322	)		(4,313	)
Unrealized net holding gain on cash flow hedge		204			71			133
Other comprehensive loss	$	(9,597	)	$	(3,359	)	$	(6,238	)
2010:
Unrealized gains on available-for-sale securities	$	5,545		$	1,940		$	3,605
Reclassification adjustment for gains realized in net income		(8,304	)		(2,906	)		(5,398	)
Unrealized net holding loss on cash flow hedge		(171	)		(60	)		(111	)
Other comprehensive loss	$	(2,930	)	$	(1,026	)	$	(1,904	)

The ending balance of each component of accumulated other comprehensive income (loss) was as follows:

(in thousands)	Before-tax amount			Tax expense (benefit)			Net-of-tax amount
March 31, 2011:
Changes in pension plan assets and benefit obligations	$	(24,503	)	$	(8,576	)	$	(15,927	)
Unrealized gains on available-for-sale securities		13,462			4,712			8,750
Unrealized net holding loss on cash flow hedge		(1,430	)		(501	)		(929	)
Total accumulated other comprehensive loss	$	(12,471	)	$	(4,365	)	$	(8,106	)
December 31, 2010:
Changes in pension plan assets and benefit obligations	$	(24,503	)	$	(8,576	)	$	(15,927	)
Unrealized gains on available-for-sale securities		23,263			8,142			15,121
Unrealized net holding loss on cash flow hedge		(1,634	)		(572	)		(1,062	)
Total accumulated other comprehensive loss	$	(2,874	)	$	(1,006	)	$	(1,868	)
March 31, 2010:
Changes in pension plan assets and benefit obligations	$	(20,769	)	$	(7,269	)	$	(13,500	)
Unrealized gains on available-for-sale securities		43,588			15,256			28,332
Unrealized net holding loss on cash flow hedge		(1,654	)		(579	)		(1,075	)
Total accumulated other comprehensive income	$	21,165		$	7,408		$	13,757