Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income (Loss)

8. Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in the balance of accumulated other comprehensive income (loss). Defined benefit pension and postretirement plan items are the only component of our accumulated comprehensive income (loss). All amounts in the following table are presented net of tax.

For the three months ended March 31,	2013
(in thousands)
Beginning balance	($	5,062	)
Other comprehensive loss before reclassifications		(6	)
Amounts reclassified from accumulated other comprehensive loss		55
Net current-period other comprehensive income (loss)		49
Ending balance	($	5,013	)

The following table presents amounts reclassified out of accumulated other comprehensive loss.

For the three months ended March 31,	2013
(in thousands)
Amortization of defined benefit pension and postretirement plan items:
Net loss (1)		(106	)
Prior service cost (1)		14
Total before tax	($	92	)
Tax benefit	$	37
Net of tax	($	55	)

⁽¹⁾  These amounts are included in the computation of net periodic costs (benefits). See Note 9, “Employee Benefit Plans,” for additional details.

Amortization of defined benefit pension and postretirement plan items are included in operations expense in the accompanying condensed consolidated statement of income. Tax benefit is included in income tax expenses in the accompanying condensed consolidated statement of income.