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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss

NOTE 12. ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss, net of tax, consisted of the following as of March 31, 2024 and December 31, 2023 (dollars in thousands):

 

 

March 31,
2024

 

 

December 31,
2023

 

Unfunded benefit obligation for pensions and other postretirement benefit plans -
   net of taxes of $97 and $95, respectively

 

$

366

 

 

$

357

 

The following table details the reclassifications out of accumulated other comprehensive loss by component for the three months ended March 31 (dollars in thousands):

 

 

Amounts Reclassified from Accumulated Other
Comprehensive Loss

 

Details about Accumulated Other Comprehensive Loss Components
(Affected Line Item in Statement of Income)

 

2024

 

 

2023

 

Amortization of defined benefit pension and
postretirement benefit items

 

 

 

 

 

 

Amortization of net prior service cost (1)

 

$

(140

)

 

$

(140

)

Amortization of net loss (1)

 

 

881

 

 

 

1,372

 

Adjustment due to effects of regulation (1)

 

 

(752

)

 

 

(1,255

)

Total before tax (2)

 

 

(11

)

 

 

(23

)

Tax expense (2)

 

 

2

 

 

 

5

 

Net of tax (2)

 

$

(9

)

 

$

(18

)
(1)
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 6 for additional details).
(2)
Description is also the affected line item on the Condensed Consolidated Statements of Income.