Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v2.4.0.8
Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2013
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

NOTE 10.  ACCUMULATED OTHER COMPREHENSIVE INCOME

 

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, 2012

 

$
5,880 

 

$
(169)

 

$
5,711 

Other comprehensive income before reclassifications

 

 
1,294 

 

 
73 

 

 
1,367 

Amounts reclassified from other comprehensive income

 

 

 -

 

 
(515)

 

 
(515)

Net current period other comprehensive income (loss)

 

 
1,294 

 

 
(442)

 

 
852 

Balance as of December 31, 2013

 

$
7,174 

 

$
(611)

 

$
6,563 

 

 

 

 

 

 

 

 

 

 

 

The effects on net income of amounts reclassified from unrealized gains on cash flow hedges for foreign exchange contracts for the year ended December 31, 2013 were as follows:

 

 

 

 

 

 

Affected line item in the Consolidated Statement of Comprehensive (Loss) Income

 

Gains reclassified from AOCI to the Consolidated Statement of Comprehensive (Loss) Income

 

 

 

 

Sales

 

$
804 

Income tax benefit

 

 
289 

Amount reclassified net of tax

 

$
515