XML 65 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Components of accumulated other comprehensive loss
Components of accumulated other comprehensive loss were as follows at December 31:
 
 
2013

2012

2011
 
(in thousands)
Pre‑tax amounts:
 


 


 

Unrecognized net periodic benefit costs(1)
$
(17,044
)
 
$
(86,737
)
 
$
(88,393
)
Foreign currency translation
(863
)
 
(662
)
 
(691
)
Total
$
(17,907
)
 
$
(87,399
)
 
$
(89,084
)
After‑tax amounts:
 

 
 

 
 

Unrecognized net periodic benefit costs(1)
$
(14,386
)
 
$
(56,968
)
 
$
(57,979
)
Foreign currency translation
(526
)
 
(404
)
 
(423
)
Total
$
(14,912
)
 
$
(57,372
)
 
$
(58,402
)

(1)
The decrease in unrecognized net periodic benefit costs for the year ended December 31, 2013 reflected the impact of a $66.3 million ($40.5 million after tax) decrease in the unrecognized net actuarial loss related to the nonunion defined benefit pension plan in 2013, primarily due to a $29.3 million ($17.9 million after‑tax) curtailment gain and a $27.8 million ($17.0 million after‑tax) net actuarial gain related to the increase in the discount rate used to remeasure the plan obligation upon curtailment and the amount required to adjust the assumed return on plan assets to the actual return experienced in 2013. The nonunion defined benefit pension plan is discussed further in Note J.

Schedule of change in accumulated other comprehensive loss
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, by component for the year ended December 31, 2013:
 

Total

Unrecognized
Net Periodic
Benefit Costs

Foreign
Currency
Translation
 
(in thousands)
Balances at December 31, 2012
$
(57,372
)
 
$
(56,968
)
 
$
(404
)
Other comprehensive income (loss) before reclassifications
36,439

 
36,561

 
(122
)
Amounts reclassified from accumulated other comprehensive loss
6,021

 
6,021

 

Net current‑period other comprehensive income (loss)
42,460

 
42,582

 
(122
)
Balances at December 31, 2013
$
(14,912
)
 
$
(14,386
)
 
$
(526
)
Reclassification out of accumulated other comprehensive loss
The following is a summary of the significant reclassifications out of accumulated other comprehensive loss by component for the year ended December 31, 2013:
 
 
Unrecognized Net Periodic Benefit Costs(1)(2)
 
(in thousands)
Amortization of actuarial loss
$
(7,935
)
Amortization of prior service credit
190

Settlement expense
(2,111
)
Total, pre‑tax
(9,856
)
Tax benefit
3,835

Total, net of tax
$
(6,021
)

(1)
Amounts in parentheses indicate increases in expense or loss.
(2)
These components of accumulated other comprehensive loss are included in the computation of net periodic benefit cost (see Note J).
Summary of dividends declared
The following table is a summary of dividends declared during the applicable quarter:
 
 
2013

2012

2011
 
Per Share

Amount

Per Share

Amount

Per Share

Amount
 
(in thousands, except per share data)
First quarter
$
0.03

 
$
807

 
$
0.03

 
$
797

 
$
0.03

 
$
788

Second quarter
$
0.03

 
$
806

 
$
0.03

 
$
808

 
$
0.03

 
$
797

Third quarter
$
0.03

 
$
805

 
$
0.03

 
$
807

 
$
0.03

 
$
798

Fourth quarter
$
0.03

 
$
815

 
$
0.03

 
$
807

 
$
0.03

 
$
797