COMPREHENSIVE (LOSS) INCOME

3 Months Ended

Mar. 31, 2024

COMPREHENSIVE (LOSS) INCOME

COMPREHENSIVE (LOSS) INCOME

13.COMPREHENSIVE (LOSS) INCOME

Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the stockholders’ equity section of the unaudited Consolidated Balance Sheets, such items, along with net income, are components of comprehensive income (loss).

The following table presents changes in accumulated other comprehensive (loss) income by component for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024									2023
			Available		Cash						Available		Cash
	Postretirement		for Sale		Flow				Postretirement		for Sale		Flow
	Benefit		Securities		Hedge		Total		Benefit		Securities		Hedge		Total
	(in thousands)
Balance at beginning of period	$	85	$	(47,373)	$	3,666	$	(43,622)	$	150	$	(53,212)	$	5,980	$	(47,082)
Other comprehensive income (loss) before reclassifications		(1)		(4,940)		718		(4,223)		—		7,089		(170)		6,919
Amounts reclassified from accumulated other comprehensive (loss) income		(20)		—		(1,235)		(1,255)		—		—		(1,018)		(1,018)
Net current period other comprehensive (loss) income		(21)		(4,940)		(517)		(5,478)		—		7,089		(1,188)		5,901
Related tax effect		—		348		148		496		—		(1,563)		334		(1,229)
Balance at end of period	$	64	$	(51,965)	$	3,297	$	(48,604)	$	150	$	(47,686)	$	5,126	$	(42,410)