SHAREHOLDERS' DEFICIT AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' DEFICIT AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

SHAREHOLDERS’ DEFICIT AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Preferred Stock

The Company paid less than $0.1 million of preferred stock dividends for the three months ended March 31, 2015. During the three ended March 31, 2015, approximately 88,494 shares of preferred stock were converted into 604,557 shares of common stock and 3,175 shares of preferred stock were redeemed under a mandatory redemption for $0.3 million. At March 31, 2015, there were no outstanding preferred stock shares.

Changes in Accumulated Other Comprehensive Income (Loss)

The following table reflects the changes in accumulated other comprehensive income (loss) by component:

	Pension			Postretirement medical benefits			Unrealized gains and losses on available-for-sale securities, net		Foreign currency translation adjustment			Tax effect of other comprehensive income gains			Accumulated other comprehensive income (loss)
	(In thousands)
Balance at December 31, 2014	$	(36,065	)	$	(39,716	)	$	413	$	(17,880	)	$	(31,048	)	$	(124,296	)
Other comprehensive income (loss) before reclassifications	203			—			311		(27,140		)	(575		)	(27,201		)
Amounts reclassified from accumulated other comprehensive income (loss)	1,110			327			14		—			—			1,451
Balance at March 31, 2015	$	(34,752	)	$	(39,389	)	$	738	$	(45,020	)	$	(31,623	)	$	(150,046	)

The following table reflects the reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2015 are as follows (in thousands):

Details about accumulated other comprehensive loss components	Amount reclassified from accumulated other comprehensive loss1			Affected line item in the statement where net income (loss) is presented
	Three Months Ended March 31, 2015
Available-for sale securities
Realized gains and losses on available-for sale securities	$	14		Other income (loss)
Amortization of defined benefit pension items
Prior service costs	$	2
Actuarial losses	1,108			2
Total	$	1,110
Amortization of postretirement medical items
Prior service costs	$	(159	)	3
Actuarial losses	486			3
Total	$	327

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(1) Amounts in parentheses indicate debits to income/loss.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. (See Note 7 - Pension for additional details)

(3) These accumulated other comprehensive loss components are included in the computation of net periodic postretirement medical cost. (See Note 7 - Postretirement Medical Benefits for additional details)