Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 28, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 6 – Accumulated Other Comprehensive Income (Loss)

The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows:

	Pension and other post-retirement actuarial items			Currency translation adjustment		Unrealized gain (loss) on available-for-sale securities			Total
Balance at January 1, 2013	$	(178,956	)	$	167,461	$	1,273		$	(10,222	)
Other comprehensive income before reclassifications		-			10,304		1,171		$	11,475
Tax effect		-			-		(389	)	$	(389	)
Other comprehensive income before reclassifications, net of tax		-			10,304		782		$	11,086
Amounts reclassified out of AOCI		13,808			-		(1,408	)	$	12,400
Tax effect		(4,558	)		-		472		$	(4,086	)
Amounts reclassified out of AOCI, net of tax		9,250			-		(936	)	$	8,314
Net comprehensive income	$	9,250		$	10,304	$	(154	)	$	19,400
Balance at September 28, 2013	$	(169,706	)	$	177,765	$	1,119		$	9,178

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  (See Note 7 for further information).  The amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI as a result of sales of securities held by the Company's rabbi trust used to fund a deferred compensation plan was $624 and $1,355, respectively, for the fiscal quarter and nine fiscal months ended September 28, 2013.  These reclassifications are recorded as a component of compensation expense within Selling, General, and Administrative expenses on our consolidated condensed statements of operations. The pre-tax amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI as a result of sales of available-for-sale securities was $97 and $53, respectively, for the fiscal quarter and nine fiscal months ended September 28, 2013.  These reclassifications are recorded as a component of Other Income on our consolidated condensed statements of operations.  The tax effect of the reclassifications of unrealized gains (losses) on available-for-sale securities is recorded as a component of Income Tax Expense on our consolidated condensed statements of operations.

Other comprehensive income (loss) includes Vishay's proportionate share of other comprehensive income (loss) of nonconsolidated subsidiaries accounted for under the equity method.