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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table shows changes in accumulated other comprehensive income (loss) by component for the three and six month periods ended June 30, 2019 and 2018:
 
 
Unrealized Gains and Losses on Available-for-Sale Securities (1)
 
Unrealized Gains and Losses on Pension Plan Liability (1)
 
Unrealized Gains and Losses on Hedging Instruments (1)
 
Total (1)
Three Months Ended June 30, 2019
 
(in thousands)
Beginning balance
 
$
352

 
$
(2,116
)
 
$
4,810

 
$
3,046

Other comprehensive income before reclassifications
 
37,029

 

 
7,233

 
44,262

Amounts reclassified from accumulated other comprehensive income (2)
 
(219
)
 
61

 

 
(158
)
Net current-period other comprehensive income
 
36,810

 
61

 
7,233

 
44,104

Ending balance
 
$
37,162

 
$
(2,055
)
 
$
12,043

 
$
47,150

Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(45,748
)
 
$
(2,385
)
 
$

 
$
(48,133
)
Other comprehensive loss before reclassifications
 
(7,845
)
 

 

 
(7,845
)
Amounts reclassified from accumulated other comprehensive loss (2)
 
(4
)
 
61

 

 
57

Net current-period other comprehensive income (loss)
 
(7,849
)
 
61

 

 
(7,788
)
Ending balance
 
$
(53,597
)
 
$
(2,324
)
 
$

 
$
(55,921
)
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Beginning balance
 
$
(33,128
)
 
$
(2,177
)
 
$

 
$
(35,305
)
Other comprehensive income before reclassifications
 
71,926

 

 
12,043

 
83,969

Amounts reclassified from accumulated other comprehensive loss (2)
 
(1,636
)
 
122

 

 
(1,514
)
Net current-period other comprehensive income
 
70,290

 
122

 
12,043

 
82,455

Ending balance
 
$
37,162

 
$
(2,055
)
 
$
12,043

 
$
47,150

Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Beginning balance
 
$
(19,779
)
 
$
(2,446
)
 
$

 
$
(22,225
)
Adjustment pursuant to adoption of ASU 2016-01
 
157

 

 

 
157

Other comprehensive loss before reclassifications
 
(33,893
)
 

 

 
(33,893
)
Amounts reclassified from accumulated other comprehensive loss (2)
 
(82
)
 
122

 

 
40

Net current-period other comprehensive income (loss)
 
(33,975
)
 
122

 

 
(33,853
)
Ending balance
 
$
(53,597
)
 
$
(2,324
)
 
$

 
$
(55,921
)
__________
(1) All amounts are net of tax. Amounts in parenthesis indicate debits.
(2) See following table for details about these reclassifications.
The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2019 and 2018:
 
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Affected line Item in the Consolidated
 
 
2019
 
2018
 
2019
 
2018
 
Statement of Income
 
 
(in thousands)
 
 
Unrealized gains and losses on available for sale debt securities
 
 
 
 
 
 
 
 
 
 
Investment securities gains, net
 
$
285

 
$
5

 
$
2,132

 
$
107

 
Investment securities gains (losses), net
 
 
285

 
5

 
2,132

 
107

 
Total before tax
 
 
(66
)
 
(1
)
 
(496
)
 
(25
)
 
Income tax provision
 
 
$
219

 
$
4

 
$
1,636

 
$
82

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Amortization of pension plan liability
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
$
(80
)
 
$
(80
)
 
$
(159
)
 
$
(160
)
 
Compensation and employee benefits
 
 
(80
)
 
(80
)
 
(159
)
 
(160
)
 
Total before tax
 
 
19

 
19

 
37

 
38

 
Income tax provision
 
 
$
(61
)
 
$
(61
)
 
$
(122
)
 
$
(122
)
 
Net of tax