OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2015

OTHER COMPREHENSIVE INCOME [Abstract]

OTHER COMPREHENSIVE INCOME

(6) OTHER COMPREHENSIVE INCOME

The Company’s changes in other comprehensive income for the three months ended March 31, 2015 and 2014 were as follows (in thousands):

	Three months ended March 31,
	2015									2014
	Gross Amount			Income Tax (Provision) Benefit			Net Amount			Gross Amount			Income Tax (Provision) Benefit			Net Amount
Pension and postretirement benefits (a):
Amortization of net actuarial loss	$	1,798		$	(690	)	$	1,108		$	37		$	(13	)	$	24
Actuarial gains		—			—			—			—			—			—
Foreign currency translation adjustments		(97	)		—			(97	)		(17	)		—			(17	)
Change in fair value of derivative instruments (b):
Reclassified to net earnings		—			—			—			146			(62	)		84
Total	$	1,701		$	(690	)	$	1,011		$	166		$	(75	)	$	91

(a) Actuarial gains (losses) are amortized into costs of sales and operating expenses or selling, general and administrative expenses as appropriate. (See Note 10 – Retirement Plans)

(b) Reclassifications to net earnings of derivatives qualifying as effective hedges are recognized in costs of sales and operating expenses.