Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jul. 02, 2016

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, 2016	$	(136,422	)	$	4,597		498		$	(131,327	)
Other comprehensive income before reclassifications		-			10,048		2,071		$	12,119
Tax effect		-			-		(725	)	$	(725	)
Other comprehensive income before reclassifications, net of tax		-			10,048		1,346		$	11,394
Amounts reclassified out of AOCI		5,371			-		-		$	5,371
Tax effect		(1,846	)		-		-		$	(1,846	)
Amounts reclassified out of AOCI, net of tax		3,525			-		-		$	3,525
Net other comprehensive income	$	3,525		$	10,048	$	1,346		$	14,919
Balance at July 2, 2016	$	(132,897	)	$	14,645	$	1,844		$	(116,408	)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  (See Note 8 for further information).

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