Comprehensive income

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Comprehensive income

9. Comprehensive income

The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income:

	Investment			Defined Benefit						Total Amount				Income
	Securities			Plans			Other			Before Tax				Tax			Net
	(In thousands)
Balance — January 1, 2019	$	(200,107	)		(354,502	)		(14,719	)	$	(569,328	)			149,247		$	(420,081	)
Other comprehensive income before reclassifications:
Unrealized holding gains, net		113,805			—			—			113,805				(29,902	)		83,903
Foreign currency translation adjustment		—			—			348			348				(73	)		275
Unrealized gains on cash flow hedges		—			—			54,347			54,347				(14,288	)		40,059
Total other comprehensive income before    reclassifications		113,805			—			54,695			168,500				(44,263	)		124,237
Amounts reclassified from accumulated other    comprehensive income that (increase) decrease net income:
Amortization of unrealized holding losses on    held-to-maturity (“HTM”) securities		928			—			—			928		(a)		(245	)		683
Losses realized in net income		7			—			—			7		(b)		(2	)		5
Accretion of net gain on terminated cash flow hedges		—			—			(28	)		(28	)	(c)		7			(21	)
Net yield adjustment from cash flow hedges currently in effect		—			—			6,625			6,625		(a)		(1,742	)		4,883
Amortization of prior service credit		—			(1,050	)		—			(1,050	)	(d)		276			(774	)
Amortization of actuarial losses		—			4,150			—			4,150		(d)		(1,091	)		3,059
Total other comprehensive income		114,740			3,100			61,292			179,132				(47,060	)		132,072
Balance — March 31, 2019	$	(85,367	)		(351,402	)		46,573		$	(390,196	)			102,187		$	(288,009	)
Balance — January 1, 2018	$	(59,957	)		(413,168	)		(20,165	)	$	(493,290	)			129,476		$	(363,814	)
Cumulative effect of change in accounting principle — equity     securities		(22,795	)		—			—			(22,795	)			5,942			(16,853	)
Other comprehensive income before reclassifications:
Unrealized holding losses, net		(145,457	)		—			—			(145,457	)			44,176			(101,281	)
Foreign currency translation adjustment		—			—			1,632			1,632				(342	)		1,290
Unrealized losses on cash flow hedges		—			—			(14,719	)		(14,719	)			3,870			(10,849	)
Total other comprehensive income (loss) before    reclassifications		(145,457	)		—			(13,087	)		(158,544	)			47,704			(110,840	)
Amounts reclassified from accumulated other    comprehensive income that (increase) decrease net income:
Amortization of unrealized holding losses on    HTM securities		810			—			—			810		(a)		(213	)		597
Accretion of net gain on terminated cash flow hedges		—			—			(28	)		(28	)	(c)		7			(21	)
Net yield adjustment from cash flow hedges currently in effect		—			—			580			580		(a)		(152	)		428
Amortization of prior service credit		—			(1,050	)		—			(1,050	)	(d)		276			(774	)
Amortization of actuarial losses		—			10,900			—			10,900		(d)		(2,866	)		8,034
Total other comprehensive income (loss)		(144,647	)		9,850			(12,535	)		(147,332	)			44,756			(102,576	)
Balance — March 31, 2018	$	(227,399	)		(403,318	)		(32,700	)	$	(663,417	)			180,174		$	(483,243	)

(a) Included in interest income.

(b) Included in gain (loss) on bank investment securities.

(c) Included in interest expense.

(d) Included in other costs of operations.

Accumulated other comprehensive income (loss), net consisted of the following:

	Investment			Defined Benefit
	Securities			Plans			Other			Total
	(In thousands)
Balance — December 31, 2018	$	(147,526	)		(261,303	)		(11,252	)	$	(420,081	)
Net gain during period		84,591			2,285			45,196			132,072
Balance — March 31, 2019	$	(62,935	)		(259,018	)		33,944		$	(288,009	)