Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.0.8
Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2013
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income

NOTE 9.  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

 

 
1,106 

 

 
82 

 

 
1,188 

Amounts reclassified from other comprehensive income

 

 

 -

 

 
(532)

 

 
(532)

Net current period other comprehensive income (loss)

 

 
1,106 

 

 
(450)

 

 
656 

Balance as of September 30, 2013

 

$
6,986 

 

$
(619)

 

$
6,367 

 

 

 

 

 

 

 

 

 

 

 

 

The effects on net income of amounts reclassified from unrealized gains on cash flow hedges for foreign exchange contracts for the three and nine months ended September 30, 2013 were as follows:

 

 

 

 

 

 

 

 

 

 

 

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

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

 

For the Three Months Ended September 30, 2013

 

For the Nine Months Ended September 30, 2013

 

 

 

 

 

 

 

Sales

 

$
337 

 

$
832 

Income tax (benefit) expense

 

 
121 

 

 
300 

Amount reclassified net of tax

 

$
216 

 

$
532