| Accumulated Other Comprehensive Income |
NOTE 9. ACCUMULATED OTHER COMPREHENSIVE INCOME
Accumulated other comprehensive (loss) income (“AOCI”) primarily consists of unrealized losses in our marketable securities, foreign currency translation adjustments and changes in our forward foreign exchange contracts. The components of AOCI, net of tax, were as follows:
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Unrealized Losses on Marketable Securities
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Foreign Currency Translation Adjustments
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Unrealized Gains (Losses) on Cash Flow Hedges
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Total
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Balance as of December 31, 2014
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$
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(59)
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$
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(4,244)
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$
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1,891
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$
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(2,412)
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Other comprehensive (loss) income before reclassifications
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(424)
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(4,041)
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1,986
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(2,479)
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Amounts reclassified from other comprehensive income (loss)
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-
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(606)
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(2,807)
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(3,413)
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Net current period other comprehensive loss
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(424)
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(4,647)
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(821)
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(5,892)
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Balance as of September 30, 2015
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$
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(483)
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$
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(8,891)
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$
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1,070
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$
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(8,304)
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The effects on net loss of amounts reclassified from unrealized gains on cash flow hedges for foreign exchange contracts and foreign currency translation adjustments for the three and nine months ended September 30, 2015, were as follows:
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Gains reclassified from AOCI to the Consolidated Statement of Comprehensive Loss
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Affected line item in the Condensed Consolidated Statement of Comprehensive Loss
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For the Three Months Ended September 30, 2015
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For the Nine Months Ended September 30, 2015
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Foreign exchange contracts:
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Sales
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$
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1,530
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$
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4,126
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Less: Income tax expense
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557
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1,502
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Discontinued operations, net of tax
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76
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183
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Amount reclassified, net of tax
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$
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1,049
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$
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2,807
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Foreign currency translation adjustments:
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Other, net
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$
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606
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$
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606
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Total reclassificaitons from AOCI
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$
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1,655
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$
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3,413
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The Company’s policy is to classify reclassifications of cumulative foreign currency translation from AOCI to Other, net.
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