Stockholder's Equity - Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2020

Changes in Accumulated Other Comprehensive Loss


	Defined Benefit		Commodity		Interest Rate
	Pension and		Contracts		Swap
	Postretirement		Cash Flow		Cash Flow
	Plan Items		Hedges		Hedges		Total
(in thousands)
As of December 31, 2019	$	(4,933)	$	(1,334)	$	—	$	(6,267)
Other comprehensive income before reclassifications	—		3,594		23		3,617
Amounts reclassified from accumulated other comprehensive income (loss)	198		(1,144)		(33)		(979)
Net current-period other comprehensive income	198		2,450		(10)		2,638

As of September 30, 2020	$	(4,735)	$	1,116	$	(10)	$	(3,629)


(in thousands)
As of December 31, 2018	$	(5,928)	$	(785)	$	—	$	(6,713)
Other comprehensive income (loss) before reclassifications	(80)		1,780		—		1,700
Amounts reclassified from accumulated other comprehensive income/(loss)	312		(587)		—		(275)
Net prior-period other comprehensive income	232		1,193		—		1,425
Prior-year reclassification	—		(115)		—		(115)
As of September 30, 2019	$	(5,696)	$	293	$	—	$	(5,403)

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following table presents amounts reclassified out of accumulated other comprehensive loss for the three and nine months ended September 30, 2020 and 2019. Deferred gains or losses for our commodity contracts and interest rate swap cash flow hedges are recognized in earnings upon settlement.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
(in thousands)
Amortization of defined benefit pension and postretirement plan items:
Prior service credit (1)	$	19	$	19	$	57	$	58
Net loss(1)	(108)		(44)		(323)		(370)
Total before income taxes	(89)		(25)		(266)		(312)
Income tax benefit	23		5		68		80
Net of tax	(66)		(20)		(198)		(232)
Gains and losses on commodity contracts cash flow hedges:
Propane swap agreements (2)	116		290		1,581		1,148
Natural gas swaps (2)(3)	—		(4)		—		7
Natural gas futures (2)(3)	—		348		—		(350)
Total before income taxes	116		634		1,581		805
Income tax expense	(32)		(179)		(437)		(218)
Net of tax	84		455		1,144		587
Gains on interest rate swap cash flow hedges:
Interest rate swap agreements	34		—		45		—
Total before income taxes	34		—		45		—
Income tax expense	(9)		—		(12)		—
Net of tax	25		—		33		—
Total reclassifications for the period	$	43	$	435	$	979	$	355

(1) These amounts are included in the computation of net periodic costs (benefits). See Note 10, Employee Benefit Plans, for additional details.

(2) These amounts are included in the effects of gains and losses from derivative instruments. See Note 13, Derivative Instruments, for additional details.

(3) PESCO's results are reflected as discontinued operations in our condensed consolidated statements of income.