Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v3.3.1.900
Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2015
Accumulated Other Comprehensive Income [Abstract]  
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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized Losses on Marketable Securities

 

Foreign Currency Translation Adjustments

 

Unrealized Gains (Losses) on Cash Flow Hedges

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2014

 

$

(59)

 

$

(4,244)

 

$

1,891 

 

$

(2,412)

Other comprehensive (loss) income before reclassifications

 

 

(48)

 

 

(4,399)

 

 

1,994 

 

 

(2,453)

Amounts reclassified from other comprehensive loss

 

 

 -

 

 

7,608 

 

 

(3,953)

 

 

3,655 

Net current period other comprehensive (loss) income

 

 

(48)

 

 

3,209 

 

 

(1,959)

 

 

1,202 

Balance as of December 31, 2015

 

$

(107)

 

$

(1,035)

 

$

(68)

 

$

(1,210)

 

 

 

 

 

 

 

 

 

 

 

 

 

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 year ended December 31, 2015 were as follows:

 

 

 

 

 

 

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

 

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

Foreign exchange contracts:

 

 

 

Sales

 

$

5,787 

Less: Income tax expense

 

 

2,131 

Discontinued operations, net of tax

 

 

297 

Amount reclassified, net of tax

 

$

3,953 

 

 

 

 

Foreign currency translation adjustments:

 

 

 

Other, net

 

$

500 

Discontinued operations, net of tax

 

 

(8,108)

 

 

 

 

Total reclassificaitons from AOCI

 

$

(3,655)

 

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