Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.20.1
Accumulated Other Comprehensive Income
3 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

NOTE 7.  ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)



Accumulated other comprehensive 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, 2018

 

$

73 

 

$

404 

 

$

477 

Other comprehensive (loss) income before reclassifications

 

 

(373)

 

 

168 

 

 

(205)

Amounts reclassified from other comprehensive income (loss)

 

 

 -

 

 

(257)

 

 

(257)

Net current period other comprehensive loss

 

 

(373)

 

 

(89)

 

 

(462)

Balance as of March 31, 2019

 

$

(300)

 

$

315 

 

$

15 



 

 

 

 

 

 

 

 

 

Balance as of December 31, 2019

 

$

(286)

 

$

(17)

 

$

(303)

Other comprehensive (loss) income before reclassifications

 

 

(401)

 

 

1,032 

 

 

631 

Amounts reclassified from other comprehensive income (loss)

 

 

 -

 

 

(219)

 

 

(219)

Net current period other comprehensive (loss) income

 

 

(401)

 

 

813 

 

 

412 

Balance as of March 31, 2020

 

$

(687)

 

$

796 

 

$

109 



 

 

 

 

 

 

 

 

 

The effects on net income of amounts reclassified from unrealized gains on cash flow hedges for foreign exchange contracts for the three months ended March 31, 2020 and 2019, were as follows:







 

 

 

 

 

 



 

Gains reclassified from AOCI to the Consolidated Statements of Comprehensive Income

Affected line item in the Consolidated

 

Three Months Ended

Statements of Comprehensive Income

 

March 31, 2020

 

March 31, 2019

Foreign exchange contracts:

 

 

 

 

 

 

Sales

 

$

288 

 

$

281 

Less: Income tax expense

 

 

69 

 

 

24 

Amount reclassified, net of tax

 

$

219 

 

$

257 



 

 

 

 

 

 

Total reclassifications from AOCI

 

$

219 

 

$

257