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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax

The changes in accumulated other comprehensive income (loss) by component, net of tax for the quarters ended June 30, 2017 and 2016 are as follows:

 

 

 

For the quarter ended June 30, 2017

 

 

For the quarter ended June 30, 2016

 

 

 

Balance

 

 

Gains/(losses)

 

 

Reclasses

 

 

Net

 

 

Remaining

 

 

Balance

 

 

Gains/(losses)

 

 

Reclasses

 

 

Net

 

 

Remaining

 

 

 

at

 

 

recognized

 

 

from OCI to

 

 

period

 

 

balance

 

 

at

 

 

recognized

 

 

from OCI to

 

 

period

 

 

balance

 

(in thousands)

 

3/31/17

 

 

in OCI

 

 

net income

 

 

OCI

 

 

6/30/17

 

 

3/31/16

 

 

in OCI

 

 

net income

 

 

OCI

 

 

6/30/16

 

Available for sale securities

 

 

(95

)

 

 

6

 

 

 

80

 

 

 

86

 

 

 

(9

)

 

 

(208

)

 

 

59

 

 

 

102

 

 

 

161

 

 

 

(47

)

Currency translation adjustment

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

Pension/Post- retirement benefits

 

 

(438

)

 

 

 

 

 

 

 

 

 

 

 

(438

)

 

 

4,683

 

 

 

 

 

 

 

 

 

 

 

 

4,683

 

Interest rate swap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,530

)

 

 

 

 

 

71

 

 

 

71

 

 

 

(1,459

)

Total

 

 

(10,344

)

 

 

6

 

 

 

80

 

 

 

86

 

 

 

(10,258

)

 

 

(6,866

)

 

 

59

 

 

 

173

 

 

 

232

 

 

 

(6,634

)

 

Reclassifications from Accumulated Other Comprehensive Income (Loss) to Condensed Consolidated Statement of Income

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the condensed consolidated statement of income for the quarters ended June 30, 2017 and 2016:

 

 

 

Quarter Ended

 

 

 

 

 

June 30,

 

 

Affected line item in the condensed

(In thousands)

 

2017

 

 

2016

 

 

consolidated statements of income

Realized gains on available for sale securities

 

$

80

 

 

 

102

 

 

Interest income and other, net

Interest rate swap

 

 

 

 

 

71

 

 

Interest and other debt costs

Total pre-tax amounts

 

 

80

 

 

 

173

 

 

 

Tax effect

 

 

 

 

 

 

 

 

Total gains for the period, net of tax

 

$

80

 

 

 

173