17.Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI(L)”) is comprised of adjustments relative to the Company’s pension and postretirement medical benefit plans and foreign currency translation adjustments required for a subsidiary of the Company that performs data analysis and provides consulting services outside the United States.

A summary of AOCI(L) for the first quarter of 2018 and the first quarter of 2017 is as follows:

(in thousands)	December 31, 2017			Pre-tax Activity			Tax Effect			April 1, 2018
Net pension activity:
Actuarial loss	$	(78,618	)	$	933		$	(230	)	$	(77,915	)
Prior service costs		(43	)		6			(2	)		(39	)
Net postretirement benefits activity:
Actuarial loss		(23,519	)		499			(122	)		(23,142	)
Prior service costs		1,744			(462	)		114			1,396
Recognized loss due to October 2017 Divestitures⁽¹⁾		6,220			-			-			6,220
Foreign currency translation adjustment		14			4			(1	)		17
Total AOCI(L)	$	(94,202	)	$	980		$	(241	)	$	(93,463	)

⁽¹⁾

Recognized loss due to the divestiture of the Deep South and Somerset Exchange Business and the Florence and Laurel Distribution Business during the fourth quarter of 2017.

(in thousands)	January 1, 2017			Pre-tax Activity			Tax Effect			April 2, 2017
Net pension activity:
Actuarial loss	$	(72,393	)	$	807		$	(311	)	$	(71,897	)
Prior service costs		(61	)		7			(3	)		(57	)
Net postretirement benefits activity:
Actuarial loss		(24,111	)		648			(250	)		(23,713	)
Prior service costs		3,679			(746	)		288			3,221
Foreign currency translation adjustment		(11	)		4			(2	)		(9	)
Total AOCI(L)	$	(92,897	)	$	720		$	(278	)	$	(92,455	)

A summary of the impact of AOCI(L) on certain statements of operations line items is as follows:

	First Quarter 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment		Total
Cost of sales	$	216	$	6	$	-	$	222
Selling, delivery and administrative expenses		723		31		4		758
Subtotal pre-tax		939		37		4		980
Income tax expense		232		8		1		241
Total after tax effect	$	707	$	29	$	3	$	739

	First Quarter 2017
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	155	$	(20	)	$	-	$	135
Selling, delivery and administrative expenses		659		(78	)		4		585
Subtotal pre-tax		814		(98	)		4		720
Income tax expense		314		(38	)		2		278
Total after tax effect	$	500	$	(60	)	$	2	$	442