ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 31, 2020

ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of related taxes, in the condensed consolidated balance sheets follow:

	March 31,		December 31,
	2020		2019
Unrealized losses on derivative instruments	$	(26,717)	$	(11,732)
Items not yet recognized as a component of net periodic benefit cost (pension plans)		(8,245)		(8,838)
	$	(34,962)	$	(20,570)

The changes in the balances of each component of accumulated other comprehensive loss, net of related taxes, during the three months ended March 31, 2020 and 2019 follow:

	Unrealized losses on cash flow hedges		Items not yet recognized as a component of net periodic benefit cost (pension plans)		Total
Balance as of December 31, 2019	$	(11,732)	$	(8,838)	$	(20,570)
Current period change, excluding amounts reclassified from accumulated other comprehensive loss		(16,121)		593		(15,528)
Amounts reclassified from accumulated other comprehensive loss		1,136		-		1,136
Balance as of March 31, 2020	$	(26,717)	$	(8,245)	$	(34,962)
Balance as of December 31, 2018	$	(21,520)	$	(8,409)	$	(29,929)
Current period change, excluding amounts reclassified from accumulated other comprehensive loss		(4,999)		(199)		(5,198)
Amounts reclassified from accumulated other comprehensive loss		1,821		-		1,821
Balance as of March 31, 2019	$	(24,698)	$	(8,608)	$	(33,306)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

Amounts reclassified out of each component of accumulated other comprehensive loss follow:

	Three Months Ended March 31,
		2020		2019	Statement of Operations Line Item
Reclassifications of losses on cash flow hedges:
Interest rate swaps entered into by the Company's equity method					Equity in income of
joint venture investees	$	160	$	1,640	affiliated companies
Interest rate swaps entered into by the Company's subsidiaries		895		140	Interest expense
Interest rate cap entered into by the Company's subsidiaries		-		41	Interest expense
Reclassifications of losses on derivatives subsequent to discontinuation
of hedge accounting:
Interest rate collar entered into by the Company's subsidiaries		81		-	Interest expense
	$	1,136	$	1,821	Total before and after tax