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Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2020
Reclassifications Of Accumulated Other Comprehensive Loss [Abstract]  
Reclassifications Out of Accumulated Other Comprehensive Loss

 

(in thousands)

 

 

For the Twelve Months Ended December 31, 2020

Details about

Accumulated Other Comprehensive Loss

 

 

Amount

Reclassified

out of

Accumulated

Other

Comprehensive

Loss (1)

 

 

Affected Line Item in the

Consolidated Statements of Income

and Comprehensive Income

Unrealized gains on available-for-sale

   securities:

 

$

 

683

 

 

Net gain on securities

 

 

 

 

(188

)

 

Income tax expense

 

 

$

 

495

 

 

Net gain on securities, net of tax

Unrealized gains on cash flow hedges:

 

$

 

(11,767

)

 

Interest expense

 

 

 

 

3,236

 

 

Income tax benefit

 

 

$

 

(8,531

)

 

Net gain on cash flow hedges, net of tax

Amortization of defined benefit pension

   plan items:

 

 

 

 

 

 

 

Past service liability

 

$

 

249

 

 

Included in the computation of net periodic credit (2)

Actuarial losses

 

 

 

(7,352

)

 

Included in the computation of net periodic cost (2)

 

 

 

 

(7,103

)

 

Total before tax

 

 

 

 

1,953

 

 

Income tax benefit

 

 

$

 

(5,150

)

 

Amortization of defined benefit pension plan items, net of tax

Total reclassifications for the period

 

$

 

(13,186

)

 

 

(1)

Amounts in parentheses indicate expense items.

(2)

See Note 14, “Employee Benefits,” for additional information.