OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014 were as follows (in thousands):

	Three months ended September 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	$	1,740	$	(668	)	$	1,072	$	17		$	(6	)	$	11
Actuarial gains		2		—			2		1			(1	)		—
Foreign currency translation adjustments		49		—			49		(16	)		—			(16	)
Change in fair value of derivative instruments (b):
Reclassified to net earnings		—		—			—		—			—			—
Total	$	1,791	$	(668	)	$	1,123	$	2		$	(7	)	$	(5	)

	Nine months ended September 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	$	5,226	$	(2,000	)	$	3,226	$	52		$	(19	)	$	33
Actuarial gains		2,295		(881	)		1,414		722			(276	)		446
Foreign currency translation adjustments		81		—			81		(24	)		—			(24	)
Change in fair value of derivative instruments (b):
Reclassified to net earnings		—		—			—		146			(62	)		84
Total	$	7,602	$	(2,881	)	$	4,721	$	896		$	(357	)	$	539

(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.