Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 19. Accumulated Other Comprehensive Income (Loss)

The Company presents data in the Consolidated Statements of Changes in Shareholders’ Equity in accordance with ASC 220 “Comprehensive Income” (“ASC 220”). ASC 220 establishes rules for the reporting of comprehensive income (loss) and its components. The components of accumulated other comprehensive income (loss) consist of the following (in thousands):

	Foreign Currency Translation Gain (Loss)			Unrealized Gain (Loss) on  Net Investment Hedges			Unrealized Actuarial  Gain (Loss) Related to  Pension Liability			Unrealized Gain (Loss)  on Cash  Flow Hedging Instruments			Unrealized Gain (Loss)  on Post Retirement Obligation			Total
Balance at January 1, 2013	$	16,083		$	(2,565	)	$	1,413		$	(570	)	$	495		$	14,856
Pre-tax amount		(3,465	)		(1,720	)		(136	)		(2,704	)		(127	)		(8,152	)
Tax (provision) benefit		—			602			16			449			—			1,067
Reclassification of (gain) loss to net income		—			—			(41	)		321			(54	)		226
Foreign currency translation		133			—			(102	)		(31	)		—			—
Balance at December 31, 2013		12,751			(3,683	)		1,150			(2,535	)		314			7,997
Pre-tax amount		(34,947	)		6,344			(50	)		(2,790	)		77			(31,366	)
Tax (provision) benefit		—			(2,385	)		57			(17	)		—			(2,345	)
Reclassification of (gain) loss to net income		—			—			(35	)		5,237			(49	)		5,153
Foreign currency translation		120			—			(114	)		(6	)		—			—
Balance at December 31, 2014		(22,076	)		276			1,008			(111	)		342			(20,561	)
Pre-tax amount		(37,178	)		6,101			121			1,708			(12	)		(29,260	)
Tax (provision) benefit		—			(2,207	)		(2	)		32			—			(2,177	)
Reclassification of (gain) loss to net income		647			—			(53	)		(2,195	)		(63	)		(1,664	)
Foreign currency translation		6			—			(45	)		39			—			—
Balance at December 31, 2015	$	(58,601	)	$	4,170		$	1,029		$	(527	)	$	267		$	(53,662	)

The following table summarizes the amounts reclassified to net income from accumulated other comprehensive income (loss) and the associated line item in the accompanying Consolidated Statements of Operations (in thousands):

	Years Ended December 31,									Statements of Operations Location
	2015			2014			2013
Foreign Currency Translation Gain (Loss): (1)
Pre-tax amount	$	(647	)	$	—		$	—		Other income (expense)
Tax (provision) benefit		—			—			—		Income taxes
Reclassification to net income		(647	)		—			—
Actuarial Gain (Loss) Related to Pension Liability: (2)
Pre-tax amount		41			50			60		Direct salaries and related costs
Tax (provision) benefit		12			(15	)		(19	)	Income taxes
Reclassification to net income		53			35			41
Gain (Loss) on Cash Flow Hedging Instruments: (3)
Pre-tax amount		2,150			(5,342	)		(547	)	Revenues
Tax (provision) benefit		45			105			226		Income taxes
Reclassification to net income		2,195			(5,237	)		(321	)
Gain (Loss) on Post Retirement Obligation: (2)
Pre-tax amount		63			49			54		General and administrative
Tax (provision) benefit		—			—			—		Income taxes
Reclassification to net income		63			49			54
Total reclassification of gain (loss) to net income	$	1,664		$	(5,153	)	$	(226	)

⁽¹⁾  See Note 26, Other Income (Expense), for further information.

⁽²⁾  See Note 23, Defined Benefit Pension Plan and Postretirement Benefits, for further information.

⁽³⁾  See Note 10, Financial Derivatives, for further information.

Except as discussed in Note 20, Income Taxes, earnings associated with the Company’s investments in its foreign subsidiaries are considered to be indefinitely reinvested and no provision for income taxes on those earnings or translation adjustments have been provided.