Knife River Corp
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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7. Accumulated other comprehensive loss
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) |
| Amounts reclassified from accumulated other comprehensive loss | — | 77 | 77 |
| Net current-period other comprehensive income | — | 77 | 77 |
| At June 30, 2024 | $— | $(11,164) | $(11,164) |
| Amounts reclassified from accumulated other comprehensive loss | — | 78 | 78 |
| Net current-period other comprehensive income | — | 78 | 78 |
| At September 30, 2024 | $— | $(11,086) | $(11,086) |
Index
| 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) |
| Other comprehensive loss before reclassification | — | (17) | (17) |
| Amounts reclassified from accumulated other comprehensive loss | 44 | 48 | 92 |
| Net current-period other comprehensive income | 44 | 31 | 75 |
| At June 30, 2023 | $— | $(12,184) | $(12,184) |
| Amounts reclassified from accumulated other comprehensive loss | — | 49 | 49 |
| Net current-period other comprehensive income | — | 49 | 49 |
| At September 30, 2023 | $— | $(12,135) | $(12,135) |
The following amounts were reclassified out of accumulated other comprehensive loss into net income. The amounts presented in parenthesis indicate a decrease to net income on the Consolidated Statements of Operations. The reclassifications were as follows:
| Three Months Ended · Nine Months Ended · Location on Consolidated Statements of Operations | |||||
|---|---|---|---|---|---|
| September 30, · September 30, | |||||
| 2024 · 2023 · 2024 · 2023 | |||||
| (In thousands) | |||||
| Reclassification adjustment for loss on derivative instruments included in net income | $— | $— | $— | $(118) | Interest expense |
| — | — | — | 28 | Income taxes | |
| — | — | — | (90) | ||
| Amortization of postretirement liability losses included in net periodic benefit cost | (103) | (65) | (308) | (191) | Other income |
| 25 | 16 | 75 | 47 | Income taxes | |
| (78) | (49) | (233) | (144) | ||
| Total reclassifications | $(78) | $(49) | $(233) | $(234) | |
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