XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
6 Months Ended
Jun. 30, 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:

June 30,

December 31,

(Dollars in thousands)

2020

2019

Unrealized losses on derivative instruments

$

(27,900)

$

(11,732)

Items not yet recognized as a component of net periodic benefit cost (pension plans)

(8,181)

(8,838)

$

(36,081)

$

(20,570)

The changes in the balances of each component of accumulated other comprehensive loss, net of related taxes, during the three and six months ended June 30, 2020 and 2019 follow:

(Dollars in thousands)

Unrealized losses on cash flow hedges

Items not yet recognized as a component of net periodic benefit cost

Total

Balance as of March 31, 2020

$

(26,717)

$

(8,245)

$

(34,962)

Current period change, excluding amounts reclassified from accumulated other comprehensive loss

(2,828)

64

(2,764)

Amounts reclassified from accumulated other comprehensive loss

1,645

1,645

Balance as of June 30, 2020

$

(27,900)

$

(8,181)

$

(36,081)

Balance as of March 31, 2019

$

(24,698)

$

(8,608)

$

(33,306)

Current period change, excluding amounts reclassified from accumulated other comprehensive loss

(8,936)

227

(8,709)

Amounts reclassified from accumulated other comprehensive loss

1,733

1,733

Balance as of June 30, 2019

$

(31,901)

$

(8,381)

$

(40,282)

(Dollars in thousands)

Unrealized losses on cash flow hedges

Items not yet recognized as a component of net periodic benefit cost

Total

Balance as of December 31, 2019

$

(11,732)

$

(8,838)

$

(20,570)

Current period change, excluding amounts reclassified from accumulated other comprehensive loss

(18,949)

657

(18,292)

Amounts reclassified from accumulated other comprehensive loss

2,781

2,781

Balance as of June 30, 2020

$

(27,900)

$

(8,181)

$

(36,081)

Balance as of December 31, 2018

$

(21,520)

$

(8,409)

$

(29,929)

Current period change, excluding amounts reclassified from accumulated other comprehensive loss

(13,935)

28

(13,907)

Amounts reclassified from accumulated other comprehensive loss

3,554

3,554

Balance as of June 30, 2019

$

(31,901)

$

(8,381)

$

(40,282)

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

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

Three Months Ended June 30,

Six Months Ended June 30,

(Dollars in thousands)

2020

2019

2020

2019

Reclassifications of losses on cash flow hedges:

Interest rate swaps entered into by the Company's equity method

joint venture investees

$

228

$

1,457

$

388

$

3,097

Interest rate swaps entered into by the Company's subsidiaries

1,417

219

2,312

359

Interest rate cap entered into by the Company's subsidiaries

57

98

Reclassifications of losses on derivatives subsequent to discontinuation

of hedge accounting:

Interest rate collar entered into by the Company's subsidiaries

81

$

1,645

$

1,733

$

2,781

$

3,554