Note 5 – ACCUMULATED OTHER COMPREHENSIVE LOSS

A summary of the component items (all affecting the “Costs and expenses” line item within the Condensed Statements of Income) showing the reclassifications out of “Accumulated other comprehensive loss” (“AOCL”) is as follows:



	Amounts reclassified from AOCL
	Three Months Ended June 30
Component item	2014		2013
Amortization of defined benefit pension items:
Prior service cost	$	4,367	$	4,368
Net loss		-		165,884
Total	$	4,367	$	170,252

	Amounts reclassified from AOCL
	Six Months Ended June 30
Component item	2014		2013
Amortization of defined benefit pension items:
Prior service cost	$	8,734	$	8,735
Net loss		-		331,768
Total	$	8,734	$	340,503

Note 5 – ACCUMULATED OTHER COMPREHENSIVE LOSS (Continued)

A summary of the changes in AOCL by component item is as follows:



	Three Months Ended June 30, 2014
Defined benefit pension items:	Prior Service Cost		Net Loss		Total
Balance at beginning of period	$	(13,100)	$	(844,444)	$	(857,544)
Amounts reclassified from AOCL		4,367		-		4,367
Balance at end of period	$	(8,733)	$	(844,444)	$	(853,177)

	Three Months Ended June 30, 2013
Defined benefit pension items:	Prior Service Cost		Net Loss		Total
Balance at beginning of period	$	(30,569)	$	(2,221,289)	$	(2,251,858)
Amounts reclassified from AOCL		4,368		165,884		170,252
Balance at end of period	$	(26,201)	$	(2,055,405)	$	(2,081,606)

	Six Months Ended June 30, 2014
Defined benefit pension items:	Prior Service Cost		Net Loss		Total
Balance at beginning of period	$	(17,467)	$	(844,444)	$	(861,911)
Amounts reclassified from AOCL		8,734		-		8,734
Balance at end of period	$	(8,733)	$	(844,444)	$	(853,177)

	Six Months Ended June 30, 2013
Defined benefit pension items:	Prior Service Cost		Net Loss		Total
Balance at beginning of period	$	(34,936)	$	(2,387,173)	$	(2,422,109)
Amounts reclassified from AOCL		8,735		331,768		340,503
Balance at end of period	$	(26,201)	$	(2,055,405)	$	(2,081,606)