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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2014
STOCKHOLDERS' EQUITY |
Components of accumulated other comprehensive loss | Components of accumulated other comprehensive loss were as follows at December 31:
|  | 2014 |  | 2013 |  | 2012 |
|  | (in thousands) |
Pre-tax amounts: |  |  |  |  |  |  |
Unrecognized net periodic benefit costs(1) |  | $ | (30,140 | ) | $ | (17,044 | ) | $ | (86,737 | )
Interest rate swap |  | (576 | ) | — |  | — |
Foreign currency translation |  | (1,216 | ) | (863 | ) | (662 | )
Total |  | $ | (31,932 | ) | $ | (17,907 | ) | $ | (87,399 | )
After-tax amounts: |  |  |  |  |  |  |
Unrecognized net periodic benefit costs(1) |  | $ | (22,387 | ) | $ | (14,386 | ) | $ | (56,968 | )
Interest rate swap |  | (350 | ) | — |  | — |
Foreign currency translation |  | (742 | ) | (526 | ) | (404 | )
Total |  | $ | (23,479 | ) | $ | (14,912 | ) | $ | (57,372 | )
| (1) |  | The increase in unrecognized net periodic benefit costs for the year ended December 31, 2014 reflected the impact of increases in the unrecognized net actuarial loss $8.3 million ($5.1 million after-tax) related to the nonunion defined benefit pension plan and $5.2 million ($3.2 million after-tax) related to the postretirement health benefit plan, primarily due to decreases in the discount rates used to remeasure the plan obligations. 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.
Summary of changes in accumulated other comprehensive loss, net of tax, by component | The following is a summary of the changes in accumulated other comprehensive loss, net of tax, by component:
|  |  |  | Unrecognized |  | Interest |  | Foreign |
|  |  |  | Net Periodic |  | Rate |  | Currency |
|  | Total |  | Benefit Costs |  | Swap |  | 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 | )
Other comprehensive loss before reclassifications |  | (14,133 | ) | (13,567 | ) | (350 | ) | (216 | )
Amounts reclassified from accumulated other comprehensive loss |  | 5,566 |  | 5,566 |  | — |  | — |
Net current-period other comprehensive loss |  | (8,567 | ) | (8,001 | ) | (350 | ) | (216 | )
Balances at December 31, 2014 |  | $ | (23,479 | ) | $ | (22,387 | ) | $ | (350 | ) | $ | (742 | )
Summary of the significant reclassifications out of accumulated other comprehensive loss by component | The following is a summary of the significant reclassifications out of accumulated other comprehensive loss by component for the years ended December 31, 2014 and 2013:
|  | Unrecognized Net Periodic Benefit Costs(1)(2) |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Amortization of net actuarial loss |  | $ | (2,705 | ) | $ | (7,935 | )
Amortization of prior service credit |  | 190 |  | 190 |
Pension settlement expense |  | (6,595 | ) | (2,111 | )
Total, pre-tax |  | (9,110 | ) | (9,856 | )
Tax benefit |  | 3,544 |  | 3,835 |
Total, net of tax |  | $ | (5,566 | ) | $ | (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:
|  | 2014 |  | 2013 |  | 2012 |
|  | Per Share |  | Amount |  | Per Share |  | Amount |  | Per Share |  | Amount |
|  | (in thousands, except per share data) |
First quarter |  | $ | 0.03 |  | $ | 819 |  | $ | 0.03 |  | $ | 807 |  | $ | 0.03 |  | $ | 797 |
Second quarter |  | $ | 0.03 |  | $ | 816 |  | $ | 0.03 |  | $ | 806 |  | $ | 0.03 |  | $ | 808 |
Third quarter |  | $ | 0.03 |  | $ | 823 |  | $ | 0.03 |  | $ | 805 |  | $ | 0.03 |  | $ | 807 |
Fourth quarter |  | $ | 0.06 |  | $ | 1,644 |  | $ | 0.03 |  | $ | 815 |  | $ | 0.03 |  | $ | 807 |

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