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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table provides changes in the components of accumulated other comprehensive income (loss), net of the related income tax effects.

(in thousands)
Cash Flow Hedges
Pension and Postretirement Plans
Total
Balance as of December 31, 2013
$
12,178

$
(32,245
)
$
(20,067
)
Other comprehensive loss before reclassifications
(258
)
(1,784
)
(2,042
)
Amounts reclassified from accumulated other comprehensive income (loss)
(8,302
)
7,716

(586
)
Change in accumulated other comprehensive income (loss)
(8,560
)
5,932

(2,628
)
Balance as of September 30, 2014
$
3,618

$
(26,313
)
$
(22,695
)


The following table provides details of the reclassifications out of accumulated other comprehensive income (loss).
 
Three months ended
Three months ended
 
 
September 30, 2014
September 30, 2013
 
(in thousands)
Amounts Reclassified
Line Item Where Presented
Gains (losses) on cash flow hedges:
 
 
 
Commodity contracts
$
5,992

$
8,433

Gain (loss) on derivative instruments, net
Interest rate swap
(247
)
(446
)
Interest expense
Total cash flow hedges
5,745

7,987

 
Income tax expense
(2,191
)
(3,048
)
 
Net of tax
3,554

4,939

 
Pension and postretirement plans:
 
 
 
Transition obligation
2

(74
)
General and administrative
Prior service cost
(74
)
(78
)
General and administrative
Actuarial losses*
(1,060
)
(2,036
)
General and administrative
Actuarial losses on settlement charges
(370
)
—

General and administrative
Actuarial losses on settlement charges*
—

(46
)
Assets held for sale with prior period comparable
Total pension and postretirement plans
(1,502
)
(2,234
)
 
Income tax expense
525

783

 
Net of tax
(977
)
(1,451
)
 
Total reclassifications for the period
$
2,577

$
3,488

 


 
Nine months ended
Nine months ended
 
 
September 30, 2014
September 30, 2013
 
(in thousands)
Amounts Reclassified
Line Item Where Presented
Gains (losses) on cash flow hedges:
 
 
 
Commodity contracts
$
15,781

$
30,226

Gain (loss) on derivative instruments, net
Interest rate swap
(2,280
)
(1,282
)
Interest expense
Total cash flow hedges
13,501

28,944

 
Income tax expense
(5,199
)
(11,037
)
 
Net of tax
8,302

17,907

 
Pension and postretirement plans:

 
 
Transition obligation
(17
)
(220
)
General and administrative
Prior service cost
(222
)
(235
)
General and administrative
Actuarial losses*
(3,640
)
(6,387
)
General and administrative
Actuarial losses on settlement charges
(7,992
)
—

General and administrative
Actuarial losses on settlement charges*
—

(421
)
Assets held for sale with prior period comparable
Total pension and postretirement plans
(11,871
)
(7,263
)
 
Income tax expense
4,155

2,542

 
Net of tax
(7,716
)
(4,721
)
 
Total reclassifications for the period
$
586

$
13,186

 
* In the first quarter of 2013, Energen incurred a settlement charge of $0.5 million for the payment of lump sums from the nonqualified supplemental retirement plans, of which $0.1 million was recognized in actuarial losses above and $0.4 million was recognized as a regulatory asset at Alagasco and reported in actuarial losses on settlement charges above. In the third quarter of 2013, Energen incurred a settlement charge of $64,000 for the payment of lump sums from the nonqualified supplemental retirement plans, of which $18,000 is recognized in actuarial losses above and $46,000 was recognized as a regulatory asset at Alagasco and reported in actuarial losses on settlement charges above.