Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

22.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 2019 and the first quarter of 2018 is as follows:

(in thousands)	December 30, 2018			Pre-tax Activity			Tax Effect			March 31, 2019
Reclassification of stranded tax effects	$	-		$	-		$	(19,720	)	$	(19,720	)
Net pension activity:
Actuarial loss		(72,690	)		901			(222	)		(72,011	)
Prior service costs		(24	)		5			(1	)		(20	)
Net postretirement benefits activity:
Actuarial loss		(4,902	)		196			(48	)		(4,754	)
Prior service costs		351			(324	)		80			107
Foreign currency translation adjustment		-			(10	)		1			(9	)
Total AOCI(L)	$	(77,265	)	$	768		$	(19,910	)	$	(96,407	)

(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		(17,299	)		499			(122	)		(16,922	)
Prior service costs		1,744			(462	)		114			1,396
Foreign currency translation adjustment		14			4			(1	)		17
Total AOCI(L)	$	(94,202	)	$	980		$	(241	)	$	(93,463	)

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

	First Quarter 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	263	$	(67	)	$	-		$	196
Selling, delivery and administrative expenses		643		(61	)		(10	)		572
Subtotal pre-tax		906		(128	)		(10	)		768
Income tax expense		223		(32	)		(1	)		190
Total after tax effect	$	683	$	(96	)	$	(9	)	$	578

	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