Frontier Communications 2007 Annual Report Download - page 87

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CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(20) COMPREHENSIVE INCOME:
Comprehensive income consists of net income and other gains and losses affecting shareholders’ investment
and SFAS No. 158 pension/OPEB liabilities that, under GAAP, are excluded from net income.
Our other comprehensive income (loss) for the years ended December 31, 2007, 2006 and 2005 is as
follows:
2007
($ in thousands) Before-Tax
Amount Tax Expense/
(Benefit) Net-of-Tax
Amount
Amortization of pension and post retirement costs ................... $ (3,023) $ (6,880) $ 3,857
All other .................................................... 35 (12) 47
Other comprehensive income ..................................... $ (2,988) $ (6,892) $ 3,904
2006
($ in thousands) Before-Tax
Amount Tax Expense/
(Benefit) Net-of-Tax
Amount
Net unrealized holding losses on securities arising during period ....... $ (92) $ (35) $ (57)
SFAS No. 158 pension/OPEB liability ............................ 199,653 74,619 125,034
Other comprehensive income ..................................... $199,561 $ 74,584 $124,977
2005
($ in thousands) Before-Tax
Amount Tax Expense/
(Benefit) Net-of-Tax
Amount
Net unrealized holding losses on securities arising during period ....... $ (1,055) $ (395) $ (660)
Minimum pension liability ..................................... (36,416) (13,933) (22,483)
Less: Reclassification adjustments for net gains on securities realized in
net income ................................................ (537) (7) (530)
Other comprehensive (loss) ....................................... $(38,008) $(14,335) $ (23,673)
(21) SEGMENT INFORMATION:
We operate in one reportable segment, Frontier. Frontier provides both regulated and unregulated
communications services to residential, business and wholesale customers and is typically the incumbent
provider in its service areas.
As permitted by SFAS No. 131, we have utilized the aggregation criteria in combining our markets because
all of our Frontier properties share similar economic characteristics, in that they provide the same products and
services to similar customers using comparable technologies in all of the states in which we operate. The
regulatory structure is generally similar. Differences in the regulatory regime of a particular state do not
materially impact the economic characteristics or operating results of a particular property.
F-37