XML 44 R32.htm IDEA: XBRL DOCUMENT v3.19.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component, Including Amounts Reclassified to Other Comprehensive Income (Loss) and the Related Line Item in the Statements of Operations Where Net Income is Presented
Changes in accumulated other comprehensive income ("AOCI") (loss) by component, including amounts reclassified to other comprehensive income ("OCI") (loss) and the related line item in the Statements of Operations where net income is presented, are as follows:
 
 
Three months ended
 
Three months ended
 
 
June 30, 2019
 
June 30, 2018
(in thousands)
 
Before Tax
Income Tax
Net
 
Before Tax
Income Tax
Net
Investment securities:
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(2,235
)
$
(470
)
$
(1,765
)
 
$
(3,460
)
$
(727
)
$
(2,733
)
OCI (loss) before reclassifications
 
4,420

928

3,492

 
(1,409
)
(296
)
(1,113
)
Realized investment (gains) losses
 
(1,239
)
(260
)
(979
)
 
66

14

52

Impairment losses
 
84

18

66

 
646

136

510

OCI (loss)
 
3,265

686

2,579

 
(697
)
(146
)
(551
)
AOCI (loss), end of period
 
$
1,030

$
216

$
814

 
$
(4,157
)
$
(873
)
$
(3,284
)
 
 
 
 
 
 
 
 
 
Pension and other postretirement plans:
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(154,190
)
$
(32,381
)
$
(121,809
)
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
Amortization of prior service costs (1)
 
348

73

275

 
0

0

0

Amortization of net actuarial loss (1)
 
1,210

254

956

 
0

0

0

OCI
 
1,558

327

1,231

 
0

0

0

AOCI (loss), end of period
 
$
(152,632
)
$
(32,054
)
$
(120,578
)
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(156,425
)
$
(32,851
)
$
(123,574
)
 
$
(204,414
)
$
(42,928
)
$
(161,486
)
Investment securities
 
3,265

686

2,579

 
(697
)
(146
)
(551
)
Pension and other postretirement plans
 
1,558

327

1,231

 
0

0

0

OCI (loss)
 
4,823

1,013

3,810

 
(697
)
(146
)
(551
)
AOCI (loss), end of period
 
$
(151,602
)
$
(31,838
)
$
(119,764
)
 
$
(205,111
)
$
(43,074
)
$
(162,037
)
 
 
 
Six months ended
 
Six months ended
 
 
June 30, 2019
 
June 30, 2018
(in thousands)
 
Before Tax
Income Tax
Net
 
Before Tax
Income Tax
Net
Investment securities:
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(9,169
)
$
(1,926
)
$
(7,243
)
 
$
3,410

$
716

$
2,694

OCI (loss) before reclassifications
 
13,194

2,771

10,423

 
(8,539
)
(1,793
)
(6,746
)
Realized investment (gains) losses
 
(3,157
)
(663
)
(2,494
)
 
411

86

325

Impairment losses
 
162

34

128

 
646

136

510

Cumulative effect of adopting ASU 2016-01 (2)
 
—

—

—

 
(85
)
(18
)
(67
)
OCI (loss)
 
10,199

2,142

8,057

 
(7,567
)
(1,589
)
(5,978
)
AOCI (loss), end of period
 
$
1,030

$
216

$
814

 
$
(4,157
)
$
(873
)
$
(3,284
)
 
 
 
 
 
 
 
 
 
Pension and other postretirement plans:
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(155,749
)
$
(32,708
)
$
(123,041
)
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
Amortization of prior service costs (1)
 
697

146

551

 
0

0

0

Amortization of net actuarial loss (1)
 
2,420

508

1,912

 
0

0

0

OCI
 
3,117

654

2,463

 
0

0

0

AOCI (loss), end of period
 
$
(152,632
)
$
(32,054
)
$
(120,578
)
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(164,918
)
$
(34,634
)
$
(130,284
)
 
$
(197,544
)
$
(41,485
)
$
(156,059
)
Investment securities
 
10,199

2,142

8,057

 
(7,567
)
(1,589
)
(5,978
)
Pension and other postretirement plans
 
3,117

654

2,463

 
0

0

0

OCI (loss)
 
13,316

2,796

10,520

 
(7,567
)
(1,589
)
(5,978
)
AOCI (loss), end of period
 
$
(151,602
)
$
(31,838
)
$
(119,764
)
 
$
(205,111
)
$
(43,074
)
$
(162,037
)

(1)
Effective January 1, 2019, amounts reclassified from AOCI related to amortization of prior service costs and net actuarial loss were recorded during interim periods. Prior to 2019, amounts reclassified for these items were recorded on an annual basis. These components are included in the computation of net periodic pension cost. See Note 9, "Postretirement Benefits", for additional information.
(2)
ASU 2016-01 required a reclassification of unrealized losses of equity securities from AOCI to retained earnings at January 1, 2018.