Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 04, 2015

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 5 – 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, 2015	$	(155,760	)	$	84,703		$	1,917		$	(69,140	)
Other comprehensive income (loss) before reclassifications		-			(76,318	)		443		$	(75,875	)
Tax effect		-			-			(155	)	$	(155	)
Other comprehensive income (loss) before reclassifications, net of tax		-			(76,318	)		288		$	(76,030	)
Amounts reclassified out of AOCI		3,169			-			(680	)	$	2,489
Tax effect		(1,056	)		-			238		$	(818	)
Amounts reclassified out of AOCI, net of tax		2,113			-			(442	)	$	1,671
Net other comprehensive income (loss)	$	2,113		$	(76,318	)	$	(154	)	$	(74,359	)
Balance at April 4, 2015	$	(153,647	)	$	8,385		$	1,763		$	(143,499	)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  (See Note 6 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 $680 for the fiscal quarter ended April 4, 2015. 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.