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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 7 – 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, 2014
 
$
(129,918
)
 
$
190,998
   
554
  
$
61,634
 
Other comprehensive income (loss) before reclassifications
  
(1,177
)
  
(64,373
)
  
1,775
  
$
(63,775
)
Tax effect
  
412
   
-
   
(621
)
 
$
(209
)
Other comprehensive income (loss) before reclassifications, net of tax
  
(765
)
  
(64,373
)
  
1,154
  
$
(63,984
)
Amounts reclassified out of AOCI
  
22,010
   
-
   
(24
)
 
$
21,986
 
Tax effect
  
(7,580
)
  
-
   
8
  
$
(7,572
)
Amounts reclassified out of AOCI, net of tax
  
14,430
   
-
   
(16
)
 
$
14,414
 
Net other comprehensive income (loss)
 
$
13,665
  
$
(64,373
)
 
$
1,138
  
$
(49,570
)
Balance at September 27, 2014
 
$
(116,253
)
 
$
126,625
  
$
1,692
  
$
12,064
 

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost, and include the U.S. pension settlement charges.  (See Note 8 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 $24 for the fiscal quarter and nine fiscal months ended September 27, 2014. These reclassifications are recorded as a component of compensation expense within Selling, General, and Administrative expenses 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.