Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

The amounts in parentheses below indicate decreases to Net income in the Consolidated Statements of Income for the period, net of tax (in thousands):


	Location on the Consolidated Statements of Income	Amount Reclassified from AOCI
		December 31, 2021		December 31, 2020
Gains and (losses) on cash flow hedges:
Interest rate swaps	Interest expense	$	(2,851)	$	(2,851)
Commodity contracts	Fuel, purchased power and cost of natural gas sold	2,051		(601)
		(800)		(3,452)
Income tax	Income tax benefit (expense)	175		383
Total reclassification adjustments related to cash flow hedges, net of tax		$	(625)	$	(3,069)

Amortization of components of defined benefit plans:
Prior service cost	Operations and maintenance	$	98	$	103

Actuarial gain (loss)	Operations and maintenance	(2,391)		(2,387)
		(2,293)		(2,284)
Income tax	Income tax benefit (expense)	638		935
Total reclassification adjustments related to defined benefit plans, net of tax		$	(1,655)	$	(1,349)

Total reclassifications		$	(2,280)	$	(4,418)

Balances by classification included within AOCI, net of tax on the accompanying Consolidated Balance Sheets were as follows (in thousands):


	Derivatives Designated as Cash Flow Hedges
	Interest Rate Swaps		Commodity Derivatives		Employee Benefit Plans		Total
As of December 31, 2020	$	(12,558)	$	2	$	(14,790)	$	(27,346)
Other comprehensive income (loss)
before reclassifications	—		3,023		1,959		4,982
Amounts reclassified from AOCI	2,174		(1,549)		1,655		2,280

As of December 31, 2021	$	(10,384)	$	1,476	$	(11,176)	$	(20,084)

	Derivatives Designated as Cash Flow Hedges
	Interest Rate Swaps		Commodity Derivatives		Employee Benefit Plans		Total
As of December 31, 2019	$	(15,122)	$	(456)	$	(15,077)	$	(30,655)
Other comprehensive income (loss)
before reclassifications	—		(47)		(1,062)		(1,109)
Amounts reclassified from AOCI	2,564		505		1,349		4,418


As of December 31, 2020	$	(12,558)	$	2	$	(14,790)	$	(27,346)