Changes in Accumulated Other Comprehensive Income (Loss) by Component

9 Months Ended

Sep. 30, 2015

Reclassifications out of Accumulated Other Comprehensive Income (Loss): [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Note 11 – Changes in Accumulated Other Comprehensive Income (Loss) by Component

	Defined Benefit Pension		Defined Benefit Post-Retirement		Total
Balance as of June 30, 2014 (In thousands)	$	(20,312)	$	2,073	$	(18,239)
Amounts reclassified from accumulated other comprehensive loss:
Actuarial costs (reclassified to salaries, wages, and benefits)		57		59		116
Prior service costs (reclassified to salaries, wages, and benefits)		11		(9)		2
Foreign currency translation related to pension and postretirement plans		453		1		454
Income Tax Expense		(100)		—		(100)
Other comprehensive income, net of tax		421		51		472
Balance as of September 30, 2014 (In thousands)	$	(19,891)	$	2,124	$	(17,767)

	Defined Benefit Pension		Defined Benefit Post-Retirement		Total
Balance as of December 31, 2013 (In thousands)	$	(20,429)	$	1,717	$	(18,712)
Amounts reclassified from accumulated other comprehensive loss:
Actuarial costs (reclassified to salaries, wages, and benefits)		158		216		374
Prior service costs (reclassified to salaries, wages, and benefits)		33		(27)		6
Foreign currency translation related to pension and postretirement plans		458		218		676
Income Tax Expense		(111)		—		(111)
Other comprehensive income, net of tax		538		407		945
Balance as of September 30, 2014 (In thousands)	$	(19,891)	$	2,124	$	(17,767)

	Defined Benefit Pension		Defined Benefit Post-Retirement		Total
Balance as of June 30, 2015 (In thousands)	$	(38,996)	$	8,198	$	(30,798)
Amounts reclassified from accumulated other comprehensive loss:
Actuarial costs (reclassified to salaries, wages, and benefits)		304		89		393
Prior service costs (reclassified to salaries, wages, and benefits)		11		(236)		(225)
Foreign currency translation related to pension and postretirement plans		797		297		1,094
Remeasurements		—		(1,380)		(1,380)
Income Tax Expense		(227)		(2,914)		(3,141)
Other comprehensive income (loss), net of tax		885		(4,144)		(3,259)
Balance as of September 30, 2015 (In thousands)	$	(38,111)	$	4,054	$	(34,057)

	Defined Benefit Pension		Defined Benefit Post-Retirement		Total
Balance as of December 31, 2014 (In thousands)	$	(40,160)	$	(9,478)	$	(49,638)
Amounts reclassified from accumulated other comprehensive loss:
Actuarial costs (reclassified to salaries, wages, and benefits)		935		284		1,219
Prior service costs (reclassified to salaries, wages, and benefits)		33		(338)		(305)
Foreign currency translation related to pension and postretirement plans		1,502		567		2,069
Remeasurements		—		16,491		16,491
Income Tax Expense		(421)		(3,472)		(3,893)
Other comprehensive income, net of tax		2,049		13,532		15,581
Balance as of September 30, 2015 (In thousands)	$	(38,111)	$	4,054	$	(34,057)

Certain of our post-retirement benefit programs were re-measured as of May 31, 2015 to reflect post-65 health benefits transitioning from a self-insured plan to a Medicare Advantage Plan. The transition to the Medicare Advantage plan will provide comparable benefits while taking advantage of certain government subsidies which help manage the continually rising costs of medical and prescription drug coverage. The re-measurement resulted in a liability reduction as of September 30, 2015, of $16.5 million and a corresponding gain in Accumulated Other Comprehensive Income.  This re-measurement takes into account the impact of the anticipated future program cost savings and current interest rate environments.