XML 30 R15.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Stockholders' Equity | 3 Months Ended
--- | ---
Mar. 31, 2016
Stockholders' Equity [Abstract] |
Stockholders' Equity | ﻿ 7. Stockholders’ Equity Stock Repurchase Program On August 28, 2015, the Company’s board of directors approved a stock repurchase plan that authorizes the repurchase of up to 5%, or approximately 3.9 million shares of its outstanding common stock. The approved plan allows the Company to repurchase its common shares either in the open market in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions with non-affiliated sellers or as otherwise determined by the Company from time to time until September 30, 2016. Under this plan, the Company has repurchased 741,393 shares of its common stock at an average price of $27.44 per share through March 31, 2016. There were no shares of common stock repurchased during the first quarter of 2016. Accumulated Other Comprehensive Income (Loss) AOCI is reported as a component of stockholders’ equity. AOCI can include, among other items, unrealized holding gains and losses on securities available for sale (“AFS”), gains and losses associated with pension or other post retirement benefits that are not recognized immediately as a component of net periodic benefit cost, and gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges. Net unrealized gains/losses on AFS securities reclassified as securities held to maturity (“HTM”) also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the securities as an adjustment to interest income. The components of AOCI are reported net of related tax effects. ﻿ The components of AOCI and changes in those components are presented in the following table. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Available |  | HTM Securities |  |  |  | Loss on |  |  |
﻿ |  | for Sale |  | Transferred |  | Employee |  | Effective Cash |  |  |
﻿(in thousands) |  | Securities |  | from AFS |  | Benefit Plans |  | Flow Hedges |  | Total
﻿Balance, December 31, 2014 |  | $ | 18,001 |  | $ | (19,074) |  | $ | (48,626) |  | $ | (375) |  | $ | (50,074)
﻿Other comprehensive income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in unrealized gain |  |  | 4,421 |  |  | — |  |  | — |  |  | 992 |  |  | 5,413
﻿Reclassification of net losses realized and included in earnings |  |  | (165) |  |  | — |  |  | 770 |  |  | — |  |  | 605
﻿Amortization of unrealized net loss on securities transferred to HTM |  |  | — |  |  | 647 |  |  | — |  |  | — |  |  | 647
﻿Income tax expense |  |  | 1,481 |  |  | 238 |  |  | 280 |  |  | 361 |  |  | 2,360
﻿Balance, March 31, 2015 |  | $ | 20,776 |  | $ | (18,665) |  | $ | (48,136) |  | $ | 256 |  | $ | (45,769)
﻿Balance, December 31, 2015 |  | $ | 4,268 |  | $ | (16,795) |  | $ | (67,890) |  | $ | (178) |  | $ | (80,595)
﻿Other comprehensive income before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net change in unrealized gain |  |  | 26,882 |  |  | — |  |  | — |  |  | 2,090 |  |  | 28,972
﻿Reclassification of net (gain) losses realized and included in earnings |  |  | (346) |  |  | — |  |  | 1,437 |  |  | — |  |  | 1,091
﻿Amortization of unrealized net loss on securities transferred to HTM |  |  | — |  |  | 798 |  |  | — |  |  | — |  |  | 798
﻿Income tax expense |  |  | 9,751 |  |  | 292 |  |  | 525 |  |  | 764 |  |  | 11,332
﻿Balance, March 31, 2016 |  | $ | 21,053 |  | $ | (16,289) |  | $ | (66,978) |  | $ | 1,148 |  | $ | (61,066)
﻿ The following table shows the line items in the consolidated income statements affected by amounts reclassified from accumulated other comprehensive income. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended |  |
﻿Amount reclassified from AOCI (a) |  | March 31, |  | Affected line item on
﻿(in thousands) |  |  | 2016 |  |  | 2015 |  | the income statement
﻿Gain on sale of AFS securities |  | $ | 346 |  | $ | 165 |  | Securities gains (losses)
﻿Tax effect |  |  | (127) |  |  | (58) |  | Income taxes
﻿Net of tax |  |  | 219 |  |  | 107 |  | Net income
﻿Amortization of unrealized net loss on securities transferred to HTM |  |  | (798) |  |  | (647) |  | Interest income
﻿Tax effect |  |  | 292 |  |  | 238 |  | Income taxes
﻿Net of tax |  |  | (506) |  |  | (409) |  | Net income
﻿Amortization of defined benefit pension and post-retirement items |  |  | (1,437) |  |  | (770) |  | Employee benefits expense (b)
﻿Tax effect |  |  | 525 |  |  | 280 |  | Income taxes
﻿Net of tax |  |  | (912) |  |  | (490) |  | Net income
﻿Total reclassifications, net of tax |  | $ | (1,199) |  | $ | (792) |  | Net income
﻿
| (a) |  | Amounts in parenthesis indicate reduction in net income.
﻿
| (b) |  | These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details).

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration