SHAREHOLDERS' DEFICIT AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

SHAREHOLDERS' DEFICIT AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

SHAREHOLDERS’ DEFICIT AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Noncontrolling Interest

Following the WMLP Transactions, WMLP is a consolidated subsidiary and we recorded a noncontrolling interest totaling $15.3 million, which represents the equity attributable to the noncontrolling unitholders, who owned approximately 21% of the outstanding Common Unitsof WMLP at December 31, 2014. The Kemmerer Drop resulted in our acquisition of an additional 15% interest in WMLP (on a fully diluted basis) with a corresponding decrease in noncontrolling interest ownership. Accordingly, we recorded a decrease to noncontrolling interest of $8.4 million during the three months ended September 30, 2015. Activity in the noncontrolling interest is summarized as follows:

(in millions)
Beginning Balance as of December 31, 2014	$	15,261
Change in Parent's ownership	(8,362		)
Net loss allocated to noncontrolling interest	(4,850		)
Distributions to noncontrolling interest	(535		)
Ending Balance as of September 30, 2015	$	1,514

Preferred Stock

The Company paid less than $0.1 million of preferred stock dividends for the nine months ended September 30, 2015. During the first quarter of 2015, all of the Company’s outstanding shares of preferred stock were converted or redeemed, consisting of 88,494 shares of preferred stock being converted into 604,557 shares of common stock and 3,175 shares of preferred stock being redeemed under a mandatory redemption for $0.3 million. At September 30, 2015, there were no outstanding shares of preferred stock.

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	(576		)	—			(1,438		)	(43,018		)	(908		)	(45,940		)
Amounts reclassified from accumulated other comprehensive income (loss)	3,301			981			143			—			—			4,425
Balance at September 30, 2015	$	(33,340	)	$	(38,735	)	$	(882	)	$	(60,898	)	$	(31,956	)	$	(165,811	)

The following table reflects the reclassifications out of accumulated other comprehensive loss for the three and nine months ended months ended September 30, 2015 (in thousands):

Details about accumulated other comprehensive loss components	Amount reclassified from accumulated other comprehensive loss(1)						Affected line item in the statement where net loss is presented
	Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015
Available-for sale securities
Realized gains and losses on available-for sale securities	$	19		$	143		Other income (loss)
Amortization of defined benefit pension items
Prior service costs	$	2		$	6
Actuarial losses	1,032			3,295			(2)
Total	$	1,034		$	3,301
Amortization of postretirement medical items
Prior service costs	$	(159	)	$	(477	)	(3)
Actuarial losses	486			1,458			(3)
Total	$	327		$	981

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(1) Amounts in parentheses indicate amounts recognized as income. Amounts with no parenthesis were recognized as expenses or losses.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. (See Note 8 - Pension for additional details)

(3) These accumulated other comprehensive loss components are included in the computation of net periodic postretirement medical cost. (See Note 8 - Postretirement Medical Benefits for additional details)