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OTHER COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Jun. 30, 2018
OTHER COMPREHENSIVE INCOME [Abstract]  
Changes in Other Comprehensive Income
The Company’s changes in other comprehensive income for the three months and six months ended June 30, 2018 and 2017 were as follows (in thousands):

  
Three months ended June 30,
 
  
2018
 
2017
 
 
 
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
 
$
591
  
$
(143
)
 
$
448
  
$
908
  
$
(347
)
 
$
561
 
Actuarial gains (losses)
  
(609
)
  
148
   
(461
)
  
22,014
   
(8,435
)
  
13,579
 
Foreign currency translation
  
(429
)
  
—
   
(429
)
  
—
   
—
   
—
 
Total
 
$
(447
)
 
$
5
  
$
(442
)
 
$
22,922
  
$
(8,782
)
 
$
14,140
 
 
  
Six months ended June 30,
 
  
2018
  
2017
 
  
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
 
$
1,159
  
$
(281
)
 
$
878
  
$
2,117
  
$
(810
)
 
$
1,307
 
Actuarial gains (losses)
  
(609
)
  
148
   
(461
)
  
22,014
   
(8,435
)
  
13,579
 
Adoption of ASU 2018-02 – reclassification to retained earnings
  
—
   
(7,925
)
  
(7,925
)
  
—
   
—
   
—
 
Foreign currency translation
  
(9
)
  
—
   
(9
)
  
—
   
—
   
—
 
Total
 
$
541
  
$
(8,058
)
 
$
(7,517
)
 
$
24,131
  
$
(9,245
)
 
$
14,886
 

(a)
Actuarial gains/(losses) are amortized into other income (expense). (See Note 13 – Retirement Plans)