10-Q Accumulated other comprehensive loss (Tables)

6 Months Ended

Jun. 30, 2023

The after-tax changes in the components of accumulated other comprehensive loss were as follows:


	Net Unrealized Loss on Derivative Instruments Qualifying as Hedges		Post- retirement Liability Adjustment		Total Accumulated Other Comprehensive Loss
	(In thousands)
At December 31, 2020	$	(750)	$	(28,203)	$	(28,953)
Other comprehensive income before reclassifications	—		3,041		3,041
Amounts reclassified from accumulated other comprehensive loss	332		1,090		1,422
Net current-period other comprehensive income	332		4,131		4,463
At December 31, 2021	(418)		(24,072)		(24,490)
Other comprehensive income before reclassifications	—		10,935		10,935
Amounts reclassified from accumulated other comprehensive loss	328		875		1,203
Net current-period other comprehensive income	328		11,810		12,138
At December 31, 2022	$	(90)	$	(12,262)	$	(12,352)

The after-tax changes in the components of accumulated other comprehensive loss were as follows:


	Net Unrealized Loss on Derivative Instruments Qualifying as Hedges		Postretirement Liability Adjustment		Total Accumulated Other Comprehensive Loss
	(In thousands)
At December 31, 2022	$	(90)	$	(12,262)	$	(12,352)
Amounts reclassified from accumulated other comprehensive loss	46		47		93
Net current-period other comprehensive income	46		47		93
At March 31, 2023	$	(44)	$	(12,215)	$	(12,259)
Other comprehensive loss before reclassification	—		(17)		(17)
Amounts reclassified from accumulated other comprehensive loss	44		48		92
Net current-period other comprehensive income	44		31		75
At June 30, 2023	$	—	$	(12,184)	$	(12,184)


	Net Unrealized Loss on Derivative Instruments Qualifying as Hedges		Postretirement Liability Adjustment		Total Accumulated Other Comprehensive Loss
	(In thousands)
At December 31, 2021	$	(418)	$	(24,072)	$	(24,490)
Amounts reclassified from accumulated other comprehensive loss	82		221		303
Net current-period other comprehensive income	82		221		303
At March 31, 2022	$	(336)	$	(23,851)	$	(24,187)
Other comprehensive income before reclassification	—		5,820		5,820
Amounts reclassified from accumulated other comprehensive loss	82		220		302
Net current-period other comprehensive income	82		6,040		6,122
At June 30, 2022	$	(254)	$	(17,811)	$	(18,065)

Reclassification out of accumulated other comprehensive loss

The following amounts were reclassified out of accumulated other comprehensive loss into net income. The amounts presented in parentheses indicate a decrease to net income on the Consolidated Statements of Operations. The reclassifications for the years ended December 31 were as follows:


	2022		2021		2020		Location on Consolidated Statements of Income
	(In thousands)
Reclassification adjustment for loss on derivative instruments included in net income	$	435	$	439	$	435	Interest expense
	(107)		(107)		(107)		Income taxes
	328		332		328
Amortization of postretirement liability losses included in net periodic benefit credit	1,167		1,453		1,422		Other income
	(292)		(363)		(351)		Income taxes
	875		1,090		1,071
Total reclassifications	$	1,203	$	1,422	$	1,399

The following amounts were reclassified out of accumulated other comprehensive loss into net income (loss). The amounts presented in parenthesis indicate a decrease to net income (loss) on the Consolidated Statements of Operations. The reclassifications were as follows:


	Three Months Ended				Six Months Ended				Location on Consolidated Statements of Operations
	June 30,				June 30,
	2023		2022		2023		2022
	(In thousands)
Reclassification adjustment for loss on derivative instruments included in net income (loss)	$	(57)	$	(109)	$	(118)	$	(218)	Interest expense
	13		27		28		54		Income taxes
	(44)		(82)		(90)		(164)
Amortization of postretirement liability losses included in net periodic benefit cost	(63)		(291)		(126)		(583)		Other income
	15		71		31		142		Income taxes
	(48)		(220)		(95)		(441)
Total reclassifications	$	(92)	$	(302)	$	(185)	$	(605)