Other comprehensive (loss) income

12 Months Ended

Dec. 31, 2021

Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract]

Other Comprehensive Income (Loss)

Note 22 – Other comprehensive (loss) income

The following table presents changes in accumulated other comprehensive (loss) income by component for the years ended December 31, 2021, 2020 and 2019.

	Changes in Accumulated Other Comprehensive (Loss) Income by Component [1]
		Years ended December 31,
(In thousands)			2021		2020		2019
Foreign currency translation	Beginning Balance	$	(71,254)	$	(56,783)	$	(49,936)
	Other comprehensive income (loss)		3,947		(14,471)		(6,847)
	Net change		3,947		(14,471)		(6,847)
	Ending balance	$	(67,307)	$	(71,254)	$	(56,783)
Adjustment of pension and postretirement benefit plans	Beginning Balance	$	(195,056)	$	(202,816)	$	(203,836)
	Other comprehensive income (loss) before reclassifications		23,094		(5,645)		(13,671)
	Amounts reclassified from accumulated other comprehensive loss for amortization of net losses		12,968		13,405		14,691
	Net change		36,062		7,760		1,020
	Ending balance	$	(158,994)	$	(195,056)	$	(202,816)
Unrealized net holding (losses) gains on debt securities	Beginning Balance	$	460,900	$	92,155	$	(173,811)
	Other comprehensive (loss) income before reclassifications		(557,002)		368,780		265,950
	Amounts reclassified from accumulated other comprehensive income (loss) for (gains) losses on securities		(18)		(35)		16
	Net change		(557,020)		368,745		265,966
	Ending balance	$	(96,120)	$	460,900	$	92,155
Unrealized net losses on cash flow hedges	Beginning Balance	$	(4,599)	$	(2,494)	$	(391)
	Reclassification to retained earnings due to cumulative effect adjustment of accounting change		-		-		(50)
	Other comprehensive income (loss) before reclassifications		367		(6,400)		(4,439)
	Amounts reclassified from accumulated other comprehensive loss		1,584		4,295		2,386
	Net change		1,951		(2,105)		(2,103)
	Ending balance	$	(2,648)	$	(4,599)	$	(2,494)
	Total	$	(325,069)	$	189,991	$	(169,938)
[1] All amounts presented are net of tax.

The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the years ended December 31, 2021, 2020, and 2019.

		Reclassifications Out of Accumulated Other Comprehensive (Loss) Income
		Affected Line Item in the	Years ended December 31,
(In thousands)		Consolidated Statements of Operations	2021		2020		2019
Adjustment of pension and postretirement benefit plans
	Amortization of net losses	Other operating expenses	$	(20,749)	$	(21,447)	$	(23,508)
		Total before tax		(20,749)		(21,447)		(23,508)
		Income tax benefit		7,781		8,042		8,817
		Total net of tax	$	(12,968)	$	(13,405)	$	(14,691)
Unrealized net holding (losses) gains on debt securities
	Realized gain (loss) on sale of debt securities	Net gain (loss) on sale of debt securities	$	23	$	41	$	(20)
		Total before tax		23		41		(20)
		Income tax (expense) benefit		(5)		(6)		4
		Total net of tax	$	18	$	35	$	(16)
Unrealized net losses on cash flow hedges
	Forward contracts	Mortgage banking activities	$	(704)	$	(5,559)	$	(3,992)
	Interest rate swaps	Other operating income		(1,143)		(820)		110
		Total before tax		(1,847)		(6,379)		(3,882)
		Income tax benefit		263		2,084		1,496
		Total net of tax	$	(1,584)	$	(4,295)	$	(2,386)
		Total reclassification adjustments, net of tax	$	(14,534)	$	(17,665)	$	(17,093)