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Other comprehensive income (loss) (Tables)
9 Months Ended
Sep. 30, 2019
Table Text Block  
Schedule of accumulated other comprehensive income

 

 

Changes in Accumulated Other Comprehensive Loss by Component [1]

 

 

 

 

Quarters ended

Nine months ended

 

 

 

September 30,

September 30,

(In thousands)

 

 

2019

 

2018

 

2019

 

2018

Foreign currency translation

Beginning Balance

$

(52,378)

$

(46,397)

$

(49,936)

$

(43,034)

 

 

Other comprehensive income (loss)

 

155

 

(605)

 

(2,287)

 

(3,968)

 

 

Net change

 

155

 

(605)

 

(2,287)

 

(3,968)

 

 

Ending balance

$

(52,223)

$

(47,002)

$

(52,223)

$

(47,002)

Adjustment of pension and postretirement benefit plans

Beginning Balance

$

(196,491)

$

(199,895)

$

(203,836)

$

(205,408)

 

 

Amounts reclassified from accumulated other comprehensive loss for amortization of net losses

 

3,673

 

3,285

 

11,018

 

9,856

 

 

Amounts reclassified from accumulated other comprehensive loss for amortization of prior service credit

 

-

 

(529)

 

-

 

(1,587)

 

 

Net change

 

3,673

 

2,756

 

11,018

 

8,269

 

 

Ending balance

$

(192,818)

$

(197,139)

$

(192,818)

$

(197,139)

Unrealized net holding gains (losses) on debt securities

Beginning Balance

$

58,044

$

(250,422)

$

(173,811)

$

(102,775)

 

 

Other comprehensive income (loss)

 

50,970

 

(39,845)

 

282,825

 

(187,492)

 

 

Amounts reclassified from accumulated other comprehensive income (loss) for loss on securities

 

16

 

-

 

16

 

-

 

 

Net change

 

50,986

 

(39,845)

 

282,841

 

(187,492)

 

 

Ending balance

$

109,030

$

(290,267)

$

109,030

$

(290,267)

Unrealized holding gains on equity securities

Beginning Balance

$

-

$

-

$

-

$

605

 

 

Reclassification to retained earnings due to cumulative effect adjustment of accounting change

 

-

 

-

 

-

 

(605)

 

 

Net change

 

-

 

-

 

-

 

(605)

 

 

Ending balance

$

-

$

-

$

-

$

-

Unrealized net (losses) gains on cash flow hedges

Beginning Balance

$

(388)

$

(78)

$

(391)

$

(40)

 

 

Reclassification to retained earnings due to cumulative effect adjustment of accounting change

 

-

 

-

 

(50)

 

-

 

 

Other comprehensive (loss) income before reclassifications

 

(3,201)

 

208

 

(4,349)

 

790

 

 

Amounts reclassified from accumulated other comprehensive loss

 

720

 

89

 

1,921

 

(531)

 

 

Net change

 

(2,481)

 

297

 

(2,478)

 

259

 

 

Ending balance

$

(2,869)

$

219

$

(2,869)

$

219

 

 

Total

$

(138,880)

$

(534,189)

$

(138,880)

$

(534,189)

[1]

All amounts presented are net of tax.

 

 

 

 

 

 

 

 

Reclassification out of accumulated other comprehensive income

 

 

Reclassifications Out of Accumulated Other Comprehensive Loss

 

 

 

 

Quarters ended

Nine months ended

 

 

Affected Line Item in the

September 30,

September 30,

(In thousands)

Consolidated Statements of Operations

 

2019

 

2018

 

2019

 

2018

Adjustment of pension and postretirement benefit plans

 

 

 

 

 

 

 

 

 

 

Amortization of net losses

Personnel costs

$

(5,877)

$

(5,386)

$

(17,629)

$

(16,157)

 

Amortization of prior service credit

Personnel costs

 

-

 

868

 

-

 

2,603

 

 

Total before tax

 

(5,877)

 

(4,518)

 

(17,629)

 

(13,554)

 

 

Income tax benefit

 

2,204

 

1,762

 

6,611

 

5,285

 

 

Total net of tax

$

(3,673)

$

(2,756)

$

(11,018)

$

(8,269)

Unrealized holding gains (losses) on debt securities

 

 

 

 

 

 

 

 

 

 

Realized loss on sale of debt securities

Net loss on sale of debt securities

 

(20)

 

-

 

(20)

 

-

 

 

Total before tax

 

(20)

 

-

 

(20)

 

-

 

 

Income tax benefit

 

4

 

-

 

4

 

-

 

 

Total net of tax

$

(16)

$

-

$

(16)

$

-

Unrealized net (losses) gains on cash flow hedges

 

 

 

 

 

 

 

 

 

 

Forward contracts

Mortgage banking activities

$

(1,337)

$

(147)

$

(3,258)

$

870

 

Interest rate swaps

Other operating income

 

116

 

-

 

116

 

-

 

 

Total before tax

 

(1,221)

 

(147)

 

(3,142)

 

870

 

 

Income tax benefit (expense)

 

501

 

58

 

1,221

 

(339)

 

 

Total net of tax

$

(720)

$

(89)

$

(1,921)

$

531

 

 

Total reclassification adjustments, net of tax

$

(4,409)

$

(2,845)

$

(12,955)

$

(7,738)