Other comprehensive income (loss)

12 Months Ended

Dec. 31, 2017

Disclosure Text Block

Other Comprehensive Income (Loss)

Note 25 – Other comprehensive loss

The following table presents changes in accumulated other comprehensive loss by component for the years ended December 31,2017,2016 and 2015.

		Changes in Accumulated Other Comprehensive Loss by Component [1]
				Years ended December 31,
(In thousands)					2017		2016		2015
Foreign currency translation		Beginning Balance		$	(39,956)	$	(35,930)	$	(32,832)
		Other comprehensive loss			(3,078)		(4,026)		(3,098)
		Net change			(3,078)		(4,026)		(3,098)
		Ending balance		$	(43,034)	$	(39,956)	$	(35,930)
Adjustment of pension and
	postretirement benefit plans	Beginning Balance		$	(211,610)	$	(211,276)	$	(205,187)
		Other comprehensive loss before
			reclassifications		(5,164)		(11,402)		(16,032)
		Amounts reclassified from accumulated other
			comprehensive loss for amortization
			of net losses		13,684		13,386		12,261
		Amounts reclassified from accumulated other
			comprehensive loss for amortization
			of prior service credit		(2,318)		(2,318)		(2,318)
		Net change			6,202		(334)		(6,089)
		Ending balance		$	(205,408)	$	(211,610)	$	(211,276)
Unrealized net holding
	losses on investments	Beginning Balance		$	(68,318)	$	(9,560)	$	8,465
		Other comprehensive loss before
			reclassifications		(40,325)		(58,585)		(29,871)
		Other-than-temporary impairment amounts reclassified
			from accumulated other comprehensive (loss) income		6,740		167		11,959
		Amounts reclassified from accumulated other
			comprehensive (loss) income		(267)		(340)		(113)
		Net change			(33,852)		(58,758)		(18,025)
		Ending balance		$	(102,170)	$	(68,318)	$	(9,560)
Unrealized net losses
	on cash flow hedges	Beginning Balance		$	(402)	$	(120)	$	(318)
		Other comprehensive loss before
			reclassifications		(790)		(2,203)		(2,669)
		Amounts reclassified from accumulated other
			comprehensive loss		1,152		1,921		2,867
		Net change			362		(282)		198
		Ending balance		$	(40)	$	(402)	$	(120)
		Total		$	(350,652)	$	(320,286)	$	(256,886)
[1] All amounts presented are net of tax.

The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the years ended December 31,2017, 2016, and 2015.

		Reclassifications Out of Accumulated Other Comprehensive Loss
		Affected Line Item in the		Years ended December 31,
(In thousands)		Consolidated Statements of Operations		2017		2016		2015
Adjustment of pension and postretirement benefit plans
	Amortization of net losses	Personnel costs		$	(22,428)	$	(21,948)	$	(20,100)
	Amortization of prior service credit	Personnel costs			3,800		3,800		3,800
		Total before tax			(18,628)		(18,148)		(16,300)
		Income tax benefit			7,262		7,080		6,357
		Total net of tax		$	(11,366)	$	(11,068)	$	(9,943)
Unrealized holding losses on investments
	Realized gain on sale of securities	Net gain on sale and valuation adjustments
			of investment securities	$	334	$	379	$	141
		Other-than-temporary impairment losses
			on available-for-sale debt securities		(8,299)		(209)		(14,445)
		Total before tax			(7,965)		170		(14,304)
		Income tax benefit			1,492		3		2,458
		Total net of tax		$	(6,473)	$	173	$	(11,846)
Unrealized net losses on cash flow hedges
	Forward contracts	Mortgage banking activities		$	(1,888)	$	(3,149)	$	(4,702)
		Total before tax			(1,888)		(3,149)		(4,702)
		Income tax benefit			736		1,228		1,835
		Total net of tax		$	(1,152)	$	(1,921)	$	(2,867)
		Total reclassification adjustments, net of tax		$	(18,991)	$	(12,816)	$	(24,656)