| ACCUMULATED OTHER COMPREHENSIVE INCOME |
NOTE 16—ACCUMULATED OTHER COMPREHENSIVE INCOME
The following tables present the change in accumulated other comprehensive income (loss) by component:
|
(In thousands)
|
|
Foreign
Currency
|
|
Pension and
Other Benefits(1)
|
|
Unrealized Net
Gain from
Marketable
Securities
|
|
Unrealized Net
Gain from Equity
Method Investees'
Cash Flow Hedge
|
|
Total
|
|
|
Balance, December 31, 2014
|
|
$
|
729
|
|
$
|
6,675
|
|
$
|
2,677
|
|
$
|
2,763
|
|
$
|
12,844
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) before reclassifications
|
|
|
1,372
|
|
|
912
|
|
|
(1,056
|
)
|
|
(693
|
)
|
|
535
|
|
|
Amounts reclassified from accumulated other comprehensive income
|
|
|
—
|
|
|
(10,876
|
)
|
|
(156
|
)
|
|
457
|
|
|
(10,575
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss)
|
|
|
1,372
|
|
|
(9,964
|
)
|
|
(1,212
|
)
|
|
(236
|
)
|
|
(10,040
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2015
|
|
$
|
2,101
|
|
$
|
(3,289
|
)
|
$
|
1,465
|
|
$
|
2,527
|
|
$
|
2,804
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
See Note 11—Employee Benefit Plans for further information regarding amounts reclassified from accumulated other comprehensive income.
|
|
(In thousands)
|
|
Foreign
Currency
|
|
Pension and
Other Benefits
|
|
Unrealized Net
Gain from
Marketable
Securities
|
|
Unrealized Net
Gain from Equity
Method Investees'
Cash Flow Hedge
|
|
Total
|
|
|
Balance, December 31, 2013
|
|
$
|
(249
|
)
|
$
|
22,078
|
|
$
|
81
|
|
$
|
2,294
|
|
$
|
24,204
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income before reclassifications
|
|
|
978
|
|
|
(13,543
|
)
|
|
2,627
|
|
|
(59
|
)
|
|
(9,997
|
)
|
|
Amounts reclassified from accumulated other comprehensive income
|
|
|
—
|
|
|
(1,860
|
)
|
|
(31
|
)
|
|
528
|
|
|
(1,363
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss)
|
|
|
978
|
|
|
(15,403
|
)
|
|
2,596
|
|
|
469
|
|
|
(11,360
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2014
|
|
$
|
729
|
|
$
|
6,675
|
|
$
|
2,677
|
|
$
|
2,763
|
|
$
|
12,844
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The tax effects allocated to each component of other comprehensive income (loss) is as follows:
|
|
|
Twelve Months Ended
|
|
|
|
|
December 31, 2015
|
|
December 31, 2014
|
|
December 31, 2013
|
|
|
(In thousands)
|
|
Pre-Tax
Amount
|
|
Tax
(Expense)
Benefit
|
|
Net-of-Tax
Amount
|
|
Pre-Tax
Amount
|
|
Tax
(Expense)
Benefit
|
|
Net-of-Tax
Amount
|
|
Pre-Tax
Amount
|
|
Tax
(Expense)
Benefit
|
|
Net-of-Tax
Amount
|
|
|
Unrealized foreign currency translation adjustment
|
|
$
|
2,250
|
|
$
|
(878
|
)
|
$
|
1,372
|
|
$
|
1,603
|
|
$
|
(625
|
)
|
$
|
978
|
|
$
|
179
|
|
$
|
—
|
|
$
|
179
|
|
|
Pension and other benefit adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net gain (loss) arising during the period
|
|
|
272
|
|
|
(106
|
)
|
|
166
|
|
|
(22,202
|
)
|
|
8,659
|
|
|
(13,543
|
)
|
|
13,808
|
|
|
(9,298
|
)
|
|
4,510
|
|
|
Prior service credit arising during the period
|
|
|
1,223
|
|
|
(477
|
)
|
|
746
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
15,197
|
|
|
(5,926
|
)
|
|
9,271
|
|
|
Amortization of net (gain) loss reclassified into general and administrative: other
|
|
|
(2,752
|
)
|
|
1,073
|
|
|
(1,679
|
)
|
|
(1,382
|
)
|
|
538
|
|
|
(844
|
)
|
|
(78
|
)
|
|
—
|
|
|
(78
|
)
|
|
Amortization of prior service credit reclassified into general and administrative: other
|
|
|
(2,888
|
)
|
|
1,126
|
|
|
(1,762
|
)
|
|
(1,665
|
)
|
|
649
|
|
|
(1,016
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Curtailment gain reclassified into general and administrative: other
|
|
|
(11,867
|
)
|
|
4,628
|
|
|
(7,239
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Settlement gain reclassified into general and administrative: other
|
|
|
(321
|
)
|
|
125
|
|
|
(196
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Marketable securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized net holding gain (loss) arising during the period
|
|
|
(1,731
|
)
|
|
675
|
|
|
(1,056
|
)
|
|
4,305
|
|
|
(1,678
|
)
|
|
2,627
|
|
|
(2,703
|
)
|
|
1,081
|
|
|
(1,622
|
)
|
|
Realized net gain reclassified into investment expense (income)
|
|
|
(256
|
)
|
|
100
|
|
|
(156
|
)
|
|
(52
|
)
|
|
21
|
|
|
(31
|
)
|
|
925
|
|
|
—
|
|
|
925
|
|
|
Equity method investees' cash flow hedge:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized net holding gain (loss) arising during the period
|
|
|
(1,136
|
)
|
|
443
|
|
|
(693
|
)
|
|
(96
|
)
|
|
37
|
|
|
(59
|
)
|
|
3,474
|
|
|
(1,389
|
)
|
|
2,085
|
|
|
Realized net loss reclassified into equity in earnings of non-consolidated entities
|
|
|
748
|
|
|
(291
|
)
|
|
457
|
|
|
865
|
|
|
(337
|
)
|
|
528
|
|
|
(510
|
)
|
|
—
|
|
|
(510
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss)
|
|
$
|
(16,458
|
)
|
$
|
6,418
|
|
$
|
(10,040
|
)
|
$
|
(18,624
|
)
|
$
|
7,264
|
|
$
|
(11,360
|
)
|
$
|
30,292
|
|
$
|
(15,532
|
)
|
$
|
14,760
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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