XML 25 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Other Comprehensive Income/Loss
3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Other Comprehensive Income/Loss
Other Comprehensive Income/Loss

The following tables set forth the components of accumulated other comprehensive loss, net of related tax effects, at the dates indicated and the changes during the three months ended March 31, 2016 and 2015.
(In Thousands)
At  
 December 31, 2015
 
Other
Comprehensive
Income
 
At 
 March 31, 2016
Net unrealized gain on securities available-for-sale
 
$
2,827

 
 
 
$
3,985

 
 
 
$
6,812

 
Net actuarial loss on pension plans and other postretirement benefits
 
(58,396
)
 
 
 
397

 
 
 
(57,999
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,048
)
 
 
 
28

 
 
 
(3,020
)
 
Accumulated other comprehensive loss
 
$
(58,617
)
 
 
 
$
4,410

 
 
 
$
(54,207
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In Thousands)
At  
 December 31, 2014
 
Other
Comprehensive
Income
 
At 
 March 31, 2015
Net unrealized gain on securities available-for-sale
 
$
4,686

 
 
 
$
1,993

 
 
 
$
6,679

 
Net actuarial loss on pension plans and other postretirement benefits
 
(67,476
)
 
 
 
469

 
 
 
(67,007
)
 
Prior service cost on pension plans and other postretirement benefits
 
(3,161
)
 
 
 
29

 
 
 
(3,132
)
 
Accumulated other comprehensive loss
 
$
(65,951
)
 
 
 
$
2,491

 
 
 
$
(63,460
)
 

The following tables set forth the components of other comprehensive income for the periods indicated.
 
 
For the Three Months Ended 
 March 31, 2016
 
(In Thousands)
Before Tax
Amount
 
Income Tax
Expense
 
After Tax
Amount
Net unrealized gain on securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
Net unrealized holding gain on securities available-for-sale arising during the period
 
$
6,774

 
 
 
$
(2,738
)
 
 
 
$
4,036

 
Reclassification adjustment for gain on sales of securities included in net income
 
(86
)
 
 
 
35

 
 
 
(51
)
 
Net unrealized gain on securities available-for-sale
 
6,688

 
 
 
(2,703
)
 
 
 
3,985

 
Reclassification adjustment for net actuarial loss on pension plans and other postretirement benefits included in net income
 
667

 
 
 
(270
)
 
 
 
397

 
Reclassification adjustment for prior service cost on pension plans and other postretirement benefits included in net income
 
47

 
 
 
(19
)
 
 
 
28

 
Other comprehensive income
 
$
7,402

 
 
 
$
(2,992
)
 
 
 
$
4,410

 
 
 
For the Three Months Ended 
 March 31, 2015
 
(In Thousands)
Before Tax
Amount
 
Income Tax
Expense
 
After Tax
Amount
Net unrealized holding gain on securities available-for-sale arising during the period
 
$
3,223

 
 
 
$
(1,230
)
 
 
 
$
1,993

 
Reclassification adjustment for net actuarial loss on pension plans and other postretirement benefits included in net income
 
757

 
 
 
(288
)
 
 
 
469

 
Reclassification adjustment for prior service cost on pension plans and other postretirement benefits included in net income
 
47

 
 
 
(18
)
 
 
 
29

 
Other comprehensive income
 
$
4,027

 
 
 
$
(1,536
)
 
 
 
$
2,491

 


The following tables set forth information about amounts reclassified from accumulated other comprehensive loss to the affected line items in the consolidated statements of income for the periods indicated.
 
For the Three Months Ended March 31,
 
Income Statement
Line Item
(In Thousands)
 
2016
 
 
 
2015
 
 
Reclassification adjustment for gain on sales of securities
 
$
86

 
 
 
$

 
 
Gain on sales of securities
Reclassification adjustment for net actuarial loss (1)
 
(667
)
 
 
 
(757
)
 
 
Compensation and benefits
Reclassification adjustment for prior service cost (1)
 
(47
)
 
 
 
(47
)
 
 
Compensation and benefits
Total reclassifications, before tax
 
(628
)
 
 
 
(804
)
 
 
 
Income tax effect
 
254

 
 
 
306

 
 
Income tax expense
Total reclassifications, net of tax
 
$
(374
)
 
 
 
$
(498
)
 
 
Net income

(1)
These other comprehensive income components are included in the computations of net periodic (benefit) cost for our defined benefit pension plans and other postretirement benefit plan. See Note 8 for additional details.