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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

6.Accumulated Other Comprehensive Loss

 

The following table presents the components of comprehensive income (in thousands):

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Net income

 

$

2,559

 

5,718

 

$

4,924

 

10,210

 

Minimum pension liability adjustments

 

946

 

 

946

 

 

Reclassification to interest expense

 

487

 

237

 

678

 

485

 

Deferred income tax expense

 

(520

)

(79

)

(585

)

(163

)

Mark to market of interest rate hedges

 

(2

)

(19

)

(15

)

(37

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

 

$

3,470

 

5,857

 

$

5,948

 

10,495

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified to interest expense were for payments made by the Company pursuant to the Company’s interest rate hedges.

 

Accumulated other comprehensive loss consisted of the following (in thousands):

 

 

 

June 30,
2015

 

December 31,
2014

 

Mark to market of interest rate hedges, net of tax benefit

 

$

 

$

(422

)

Minimum pension liability adjustments, net of tax benefit

 

 

(602

)

 

 

 

 

 

 

Accumulated other comprehensive loss

 

$

 

$

(1,024

)