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, 2014
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, 2013

 

$
7,174 

 

$
(611)

 

$
6,563 

Other comprehensive (loss) income before reclassifications

 

 
(7,209)

 

 
1,567 

 

 
(5,642)

Amounts reclassified from other comprehensive (loss) income

 

 

 -

 

 
216 

 

 
216 

Net current period other comprehensive (loss) income

 

 
(7,209)

 

 
1,783 

 

 
(5,426)

Balance as of September 30, 2014

 

$
(35)

 

$
1,172 

 

$
1,137 

 

 

 

 

 

 

 

 

 

 

 

The effects on net income of amounts reclassified from unrealized losses on cash flow hedges for foreign exchange contracts for the three and six months ended September 30, 2014, were as follows:

 

 

 

 

 

 

 

 

 

 

 

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

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

 

For the Three Months Ended September 30, 2014

 

For the Nine Months Ended September 30, 2014

 

 

 

 

 

 

 

Sales

 

$
284 

 

$
(337)

Income tax expense (benefit)

 

 
102 

 

 
(121)

Amount reclassified net of tax

 

$
182 

 

$
(216)