Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 5.   Accumulated Other Comprehensive Income (Loss)

In addition to net income, our comprehensive income includes changes in the market value of the cumulative unrealized gain or loss, net of tax, on financial derivative instruments qualifying and designated as cash flow hedges and unrecognized Net Periodic Benefit Cost related to our Post-Retirement Benefit Plans. The cumulative gain or (loss) on the market value of financial derivative instruments is reported as a component of accumulated other comprehensive income (loss) in shareholders' equity. Additional information on our interest-rate swap agreements, which are classified as financial derivative instruments, can be found under Note 12. "Financial Derivative Instruments." Comprehensive income for the year ended December 31, 2011 and 2010 was $7,809,000 and $12,325,000, respectively, in relation to net income of $9,237,000 and $12,094,000.

The following summary sets forth the components of accumulated other comprehensive income (loss), net of tax:

	Unrecognized			Unrecognized			Unrecognized			Unrealized		Accumulated Other
	Net Actuarial			Prior Service			Transition			Gain/(Loss)		Comprehensive
(Dollars in thousands)	Loss (1)			Credit (1)			Asset (1)			on Derivatives		Income/(Loss)
December 31, 2008	$	(1,375	)	$	246		$	(145	)	$	(1,979	$	(3,253	)
2009 Activity		(2,005	)		(33	)		36			829		(1,173	)
December 31, 2009		(3,380	)		213			(109	)		(1,150		(4,426	)
2010 Activity		(271	)		(33	)		36			499		231
December 31, 2010		(3,651	)		180			(73	)		(651		(4,195	)
2011 Activity		(726	)		97			36			(835		(1,428	)
December 31, 2011	$	(4,377	)	$	277		$	(37	)	$	(1,486	$	(5,623	)
(1) Amounts pertain to our post-retirement benefit plans.

The increase (decrease) in income tax benefits associated with each component of accumulated other comprehensive income (loss) is as follows:

(Dollars in thousands)		2011			2010			2009
Income tax related to OCI componentsbeginning of year		$	2,776		$	2,926		$	2,150
Income tax (liability) changes related to:
	Unrecognized net actuarial loss		479			180			1,327
	Unrecognized prior service credit		(64	)		21			21
	Unrecognized transition asset		(24	)		(24	)		(24	)
	Unrecognized gain (loss) on derivatives		554			(327	)		(548	)
Income tax related to OCI components end of year		$	3,721		$	2,776		$	2,926