(6) RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME
The following tables detail the components of accumulated other comprehensive income, amounts reclassified from accumulated other comprehensive income into earnings and the related tax effects for the year ended December 31, 2013:
|
For the year ended |
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|
December 31, 2013 |
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|
Gains and Losses on Cash Flow Hedges |
Pension and Other Postretirement |
Foreign Currency |
Total |
||||||||||||
|
(in thousands) (1) |
|||||||||||||||
|
Beginning balance, December 31, 2012 |
$ |
172,166 |
$ |
(22,311) |
$ |
(51) |
$ |
149,804 | |||||||
|
Other comprehensive income (loss) before reclassifications |
21,619 |
– |
(4,003) | 17,616 | |||||||||||
|
Amounts reclassified (2) |
(184,515) | 12,753 |
– |
(171,762) | |||||||||||
|
Net current-period other comprehensive income (loss) |
(162,896) | 12,753 | (4,003) | (154,146) | |||||||||||
|
Ending balance, December 31, 2013 |
$ |
9,270 |
$ |
(9,558) |
$ |
(4,054) |
$ |
(4,342) | |||||||
|
(1) |
All amounts are net of tax. |
|
(2) |
See separate table below for details about these reclassifications. |
|
Details about Accumulated Other Comprehensive Income |
Consolidated Statement of Operations Classification |
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|
(in thousands) |
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|
Gains (losses) on cash flow hedges |
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|
Settlements |
Gas sales |
$ |
309,177 | |
|
Ineffectiveness |
Gas sales |
(1,652) | ||
|
Income before income taxes |
307,525 | |||
|
Provision for income taxes |
123,010 | |||
|
Net income |
$ |
184,515 | ||
|
Pension and other postretirement |
||||
|
Amortization of prior service cost included in net periodic pension cost (1) |
General and administrative expenses |
$ |
(21,009) | |
|
Loss before income taxes |
(21,009) | |||
|
Benefit for income taxes |
(8,256) | |||
|
Net loss |
$ |
(12,753) | ||
|
Total reclassifications for the period |
Net income |
$ |
171,762 |
|
(1) |
Included in the computation of net periodic pension cost (see Note 12 for additional details). |