Knife River Corp
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
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7. Accumulated other comprehensive loss
Index
Note 7 -Accumulated other comprehensive loss
The after-tax changes in the components of accumulated other comprehensive loss were as follows:
| Net UnrealizedLoss onDerivative Instruments Qualifying asHedges | Postretirement LiabilityAdjustment | TotalAccumulated OtherComprehensive Loss | |
|---|---|---|---|
| (In thousands) | |||
| As of December 31, 2023 | $— | $(11,319) | $(11,319) |
| Amounts reclassified from accumulated other comprehensive loss | — | 78 | 78 |
| Net current-period other comprehensive income | — | 78 | 78 |
| At March 31, 2024 | $— | $(11,241) | $(11,241) |
| Net UnrealizedLoss onDerivative Instruments Qualifying asHedges | Postretirement LiabilityAdjustment | TotalAccumulated OtherComprehensive Loss | |
|---|---|---|---|
| (In thousands) | |||
| As of December 31, 2022 | $(90) | $(12,262) | $(12,352) |
| Amounts reclassified from accumulated other comprehensive loss | 46 | 47 | 93 |
| Net current-period other comprehensive income | 46 | 47 | 93 |
| At March 31, 2023 | $(44) | $(12,215) | $(12,259) |
The following amounts were reclassified out of accumulated other comprehensive loss into net loss. The amounts presented in parenthesis indicate a decrease to net loss on the Consolidated Statements of Operations. The reclassifications were as follows:
| Three Months Ended · Location on Consolidated Statements of Operations | |||
|---|---|---|---|
| March 31, | |||
| 2024 · 2023 | |||
| (In thousands) | |||
| Reclassification adjustment for loss on derivative instruments included in net loss | $— | $(61) | Interest expense |
| — | 15 | Income taxes | |
| — | (46) | ||
| Amortization of postretirement liability losses included in net periodic benefit cost | (103) | (62) | Other income |
| 25 | 15 | Income taxes | |
| (78) | (47) | ||
| Total reclassifications | $(78) | $(93) | |
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