Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v3.20.1
Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

NOTE 8.  ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME



Accumulated other comprehensive (loss) income (“AOCI”) primarily consists of foreign currency translation adjustments and changes in our forward foreign exchange contracts.  The components of AOCI, net of tax, were as follows:







 

 

 

 

 

 

 

 

 



 

Foreign Currency Translation Adjustments

 

Unrealized Gains (Losses) on Cash Flow Hedges

 

Total



 

 

 

 

 

 

 

 

 

Balance as of December 31, 2017

 

$

905 

 

$

(406)

 

$

499 

Other comprehensive (loss) income before reclassifications

 

 

(1,031)

 

 

1,382 

 

 

351 

Amounts reclassified from other comprehensive income (loss)

 

 

199 

 

 

(572)

 

 

(373)

Net current period other comprehensive (loss) income

 

 

(832)

 

 

810 

 

 

(22)

Balance as of December 31, 2018

 

 

73 

 

 

404 

 

 

477 

Other comprehensive (loss) income before reclassifications

 

 

(359)

 

 

487 

 

 

128 

Amounts reclassified from other comprehensive income (loss)

 

 

 -

 

 

(908)

 

 

(908)

Net current period other comprehensive loss

 

 

(359)

 

 

(421)

 

 

(780)

Balance as of December 31, 2019

 

$

(286)

 

$

(17)

 

$

(303)



 

 

 

 

 

 

 

 

 

The effects on net income of amounts reclassified from unrealized gains (losses) on cash flow hedges for foreign exchange contracts and foreign currency translation adjustments for the years ended December 31, 2019 and 2018 were as follows:



























 

 

 

 

 

 



 

Gains (losses) reclassified from AOCI to the Consolidated Statements of Comprehensive Income

Affected line item in the Consolidated

 

Year ended December 31,

Statements of Comprehensive Income

 

2019

 

2018

Foreign exchange contracts:

 

 

 

 

 

 

Sales

 

$

1,017 

 

$

256 

Less: Income tax expense (benefit)

 

 

109 

 

 

(316)

Amount reclassified, net of tax

 

$

908 

 

$

572 



 

 

 

 

 

 

Foreign currency translation adjustments:

 

 

 

 

 

 

Other, net

 

 

 -

 

 

(199)

Total reclassifications from AOCI

 

$

908 

 

$

373 



The Company’s policy is to classify reclassifications of cumulative foreign currency translation from AOCI to Other, net.