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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 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
September 30,

 

Nine Months Ended
September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Net income

 

$

5,676

 

5,426

 

$

10,600

 

15,636

 

Minimum pension liability adjustments

 

 

 

946

 

 

Reclassification to interest expense

 

 

225

 

678

 

710

 

Deferred income tax expense

 

 

(83

)

(585

)

(245

)

Mark to market of interest rate hedges

 

 

3

 

(15

)

(35

)

 

 

 

 

 

 

 

 

 

 

Comprehensive income

 

$

5,676

 

5,571

 

$

11,624

 

16,066

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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):

 

 

 

September 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

)