Accumulated Other Comprehensive Income |
H. ACCUMULATED OTHER COMPREHENSIVE
INCOME
Changes in
accumulated other comprehensive income, which is presented net of
tax, consists of the following:
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Unrealized Gains on
Marketable Securities |
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Retirement Plans
Prior Service Benefit |
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Total |
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(in
thousands) |
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Balance at
December 31, 2012, net of tax of $835, $(125)
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$ |
2,925 |
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$ |
2,895 |
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$ |
5,820 |
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Other comprehensive income
before reclassifications, net of tax of $216
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(1,097 |
) |
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— |
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(1,097 |
) |
Amounts reclassified from
accumulated other comprehensive income, net of tax of $(257),
$(159)
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(447 |
) |
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(276 |
) |
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(723 |
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Net current period other
comprehensive income, net of tax of $(41), $(159)
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(1,544 |
) |
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(276 |
) |
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(1,820 |
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Balance at
December 31, 2013, net of tax of $794, $(284)
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1,381 |
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2,619 |
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4,000 |
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Other comprehensive income
before reclassifications, net of tax of $1,449
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2,417 |
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— |
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2,417 |
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Amounts reclassified from
accumulated other comprehensive income, net of tax of $(645),
$(169)
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(1,433 |
) |
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(295 |
) |
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(1,728 |
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Net current period other
comprehensive income, net of tax of $804, $(169)
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984 |
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(295 |
) |
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689 |
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Balance at
December 31, 2014, net of tax of $1,598, $(453)
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$ |
2,365 |
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$ |
2,324 |
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$ |
4,689 |
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Reclassifications out of accumulated other comprehensive income
to the statement of operations for the years ended
December 31, 2014, 2013 and 2012, were as follows:
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Details about Accumulated
Other Comprehensive Income
Components
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For the year
ended |
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Affected Line Item
in the Statements
of Operations |
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December 31,
2014 |
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December 31,
2013 |
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December 31,
2012 |
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(in
thousands) |
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Available-for-sale
marketable securities
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Unrealized gains, net of
tax of $645, $257, $201
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$ |
1,433 |
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$ |
447 |
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$ |
702 |
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Interest income |
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$ |
1,433 |
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$ |
447 |
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$ |
702 |
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Amortization of defined
benefit pension and postretirement plans
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Prior service benefit, net of tax of $169, $159,
$134
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$ |
295 |
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$ |
276 |
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$ |
233 |
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(a) |
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$ |
295 |
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$ |
276 |
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$ |
233 |
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Total reclassifications,
net of tax of $814, $416, $335
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$ |
1,728 |
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$ |
723 |
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$ |
935 |
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Net income |
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(a) |
The amortization of prior
service benefit is included in the computation of net periodic
pension cost and postretirement benefit; see Note M:
“Retirement Plans.” |
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