Other comprehensive income (loss)

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Note 19 – Other comprehensive loss

The following table presents accumulated other comprehensive loss by component at June 30,2013 and December 31,2012.

			At June 30,		At December 31,
(In thousands)		2013		2012
Foreign currency translation adjustment		$	(33,206)	$	(31,277)
Adjustment of pension and postretirement benefit plans			(335,968)		(348,306)
	Tax effect		117,647		122,460
	Net of tax amount		(218,321)		(225,846)
Unrealized holding gains on investments			28,500		172,969
	Tax effect		(4,510)		(18,401)
	Net of tax amount		23,990		154,568
Unrealized net gains (losses) on cash flow hedges			2,139		(447)
	Tax effect		(641)		134
	Net of tax amount		1,498		(313)
Accumulated other comprehensive loss		$	(226,039)	$	(102,868)

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters and six months ended June 30,2013 and2012.

		Reclassifications Out of Accumulated Other Comprehensive Loss
			Quarters ended				Six months ended
		Affected Line Item in the	June 30,				June 30,
(In thousands)		Consolidated Statements of Operations		2013		2012		2013		2012
Adjustment of pension and postretirement benefit plans
	Amortization of net losses	Personnel costs	$	(6,169)	$	(6,290)	$	(12,338)	$	(12,579)
	Amortization of prior service cost	Personnel costs		-		50		-		100
		Total before tax		(6,169)		(6,240)		(12,338)		(12,479)
		Income tax benefit		2,962		1,725		4,813		3,450
		Total net of tax	$	(3,207)	$	(4,515)	$	(7,525)	$	(9,029)
Unrealized holding gains on investments
	Realized loss on sale of securities	Net gain (loss) and valuation
		adjustments on investment securities	$	-	$	(349)	$	-	$	(349)
		Total before tax		-		(349)		-		(349)
		Total net of tax	$	-	$	(349)	$	-	$	(349)
Unrealized net gains (losses) on cash flow hedges
	Forward contracts	Trading account profit (loss)	$	3,045	$	(3,660)	$	3,196	$	(5,976)
		Total before tax		3,045		(3,660)		3,196		(5,976)
		Income tax (expense) benefit		(914)		1,098		(959)		1,793
		Total net of tax	$	2,131	$	(2,562)	$	2,237	$	(4,183)
		Total reclassification adjustments, net of tax	$	(1,076)	$	(7,426)	$	(5,288)	$	(13,561)