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Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2014
Stockholders' Equity and Accumulated Other Comprehensive Loss  
Schedule of components of accumulated other comprehensive loss, net of related taxes

 

 

 

Cumulative

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

Unrealized

 

Unrealized

 

 

 

 

 

 

 

Currency

 

Gain (Loss)

 

Gain (Loss) on

 

Unrecognized

 

 

 

 

 

Translation

 

on

 

Cash Flow

 

Pension

 

 

 

(Thousands of dollars)

 

Adjustment

 

Investments

 

Hedges

 

Cost

 

Total

 

Balance December 31, 2012

 

$

(109,457)

 

$

2,232 

 

$

(113)

 

$

(64,206)

 

$

(171,544)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

(45,956)

 

(1,124)

 

-

 

32,938 

 

(14,142)

 

Amounts reclassified from accumulated other comprehensive loss to net earnings

 

-

 

(627)(1)

 

-

 

4,516(2)

 

3,889 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss), net of tax

 

(45,956)

 

(1,751)

 

-

 

37,454 

 

(10,253)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance December 31, 2013

 

$

(155,413)

 

$

481 

 

$

(113)

 

$

(26,752)

 

$

(181,797)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

(38,624)

 

775 

 

(122)

 

(34,664)

 

(72,635)

 

Amounts reclassified from accumulated other comprehensive loss to net earnings

 

-

 

78(1)

 

235 

 

1,482(2)

 

1,795 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss), net of tax

 

(38,624)

 

853 

 

113 

 

(33,182)

 

(70,840)

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance December 31, 2014

 

$

(194,037)

 

$

1,334 

 

$

-

 

$

(59,934)

 

$

(252,637)

 

(1) This represents realized gains and losses on the sale of available-for-sale securities and was recorded in other investment income, net.

(2) This primarily represents the amortization of actuarial losses that were included in net periodic pension cost and was recorded in operating income.  See Note 9 for further discussion.