Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Accumulated Other Comprehensive Income (Loss)

14.     Accumulated Other Comprehensive Income (Loss):

The following tables sets forth the changes in accumulated other comprehensive income (loss) by component for the periods indicated:

	For the three months ended June 30, 2020
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(14,159)	$	(19,468)	$	(930)	$	2,117	$	(32,440)
Other comprehensive income before reclassifications, net of tax		11,414		(2,404)		—		(580)		8,430
Amounts reclassified from accumulated other comprehensive income, net of tax		37		399		52		—		488
Net current period other comprehensive income (loss), net of tax		11,451		(2,005)		52		(580)		8,918
Ending balance, net of tax	$	(2,708)	$	(21,473)	$	(878)	$	1,537	$	(23,522)

	For the three months ended June 30, 2019
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(10,029)	$	199	$	(1,666)	$	954	$	(10,542)
Other comprehensive income before reclassifications, net of tax		6,204		(5,884)		—		35		355
Amounts reclassified from accumulated other comprehensive income, net of tax		10		(447)		8		—		(429)
Net current period other comprehensive income (loss), net of tax		6,214		(6,331)		8		35		(74)
Ending balance, net of tax	$	(3,815)	$	(6,132)	$	(1,658)	$	989	$	(10,616)

	For the six months ended June 30, 2020
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(3,982)	$	(5,863)	$	(983)	$	1,021	$	(9,807)
Other comprehensive income before reclassifications, net of tax		1,212		(16,152)		—		516		(14,424)
Amounts reclassified from accumulated other comprehensive income, net of tax		62		542		105		—		709
Net current period other comprehensive income (loss), net of tax		1,274		(15,610)		105		516		(13,715)
Ending balance, net of tax	$	(2,708)	$	(21,473)	$	(878)	$	1,537	$	(23,522)

	For the six months ended June 30, 2019
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(15,649)	$	3,704	$	(1,673)	$	866	$	(12,752)
Other comprehensive income before reclassifications, net of tax		11,824		(9,250)		—		123		2,697
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		10		(586)		15		—		(561)
Net current period other comprehensive income, net of tax		11,834		(9,836)		15		123		2,136
Ending balance, net of tax	$	(3,815)	$	(6,132)	$	(1,658)	$	989	$	(10,616)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income (loss) by component for the periods indicated:

For the three months ended June 30, 2020
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized losses on available for sale securities	$	(54)		Net loss on sale of securities
		17		Provision for income taxes
	$	(37)		Net of tax
Cash flow hedges:
Interest rate swaps	$	(581)		Other interest expense
		182		Provision for income taxes
	$	(399)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(98)	(1)	Other operating expense
Prior service credits		23	(1)	Other operating expense
		(75)		Total before tax
		23		Provision for income taxes
	$	(52)		Net of tax

For the three months ended June 30, 2019
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized losses on available for sale securities	$	(15)		Net loss on sale of securities
		5		Provision for income taxes
	$	(10)		Net of tax
Cash flow hedges:
Interest rate swaps	$	647		Other interest expense
		(200)		Provision for income taxes
	$	447		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(31)	(1)	Other operating expense
Prior service credits		20	(1)	Other operating expense
		(11)		Total before tax
		3		Provision for income taxes
	$	(8)		Net of tax

For the six months ended June 30, 2020
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized losses on available for sale securities	$	(91)		Net loss on sale of securities
		29		Provision for income taxes
	$	(62)		Net of tax
Cash flow hedges:
Interest rate swaps	$	(789)		Other interest expense
		247		Tax benefit
	$	(542)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(195)	(1)	Other operating expense
Prior service credits		43	(1)	Other operating expense
		(152)		Total before tax
		47		Provision for income taxes
	$	(105)		Net of tax

For the six months ended June 30, 2019
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized losses on available for sale securities	$	(15)		Net loss on sale of securities
		5		Provision for income taxes
	$	(10)		Net of tax
Cash flow hedges:
Interest rate swaps	$	848		Other interest expense
		(262)		Provision for income taxes
	$	586		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(63)	(1)	Other operating expense
Prior service credits		42	(1)	Other operating expense
		(21)		Total before tax
		6		Provision for income taxes
	$	(15)		Net of tax

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 10 (“Pension and Other Postretirement Benefit Plans”) for additional information.