OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2015

OTHER COMPREHENSIVE INCOME [Abstract]

Schedule of changes in other comprehensive income

The Company’s changes in other comprehensive income for the three months and six months ended June 30, 2015 and 2014 were as follows (in thousands):

	Three months ended June 30,
	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		$	1,688		$	(642	)		$	1,046		$	(2	)		$	—			$	(2	)
Actuarial gains			2,293			(881	)			1,412			721				(275	)			446
Foreign currency translation adjustments			129			—				129			9				—				9
Change in fair value of derivative instruments (b):
Reclassified to net earnings			—			—				—			—				—				—
Total		$	4,110		$	(1,523	)		$	2,587		$	728			$	(275	)		$	453

	Six months ended June 30,
	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		$	3,486		$	(1,332	)		$	2,154		$	35			$	(13	)		$	22
Actuarial gains			2,293			(881	)			1,412			721				(275	)			446
Foreign currency translation adjustments			32			—				32			(8	)			—				(8	)
Change in fair value of derivative instruments (b):
Reclassified to net earnings			—			—				—			146				(62	)			84
Total		$	5,811		$	(2,213	)		$	3,598		$	894			$	(350	)		$	544

(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.