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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 10 – 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, 2017
  
$
(64,496
)
  
$
(31,266
)
  
$
1,110
    
$
(94,652
)
Other comprehensive income before reclassifications
    
(15,671
)
    
124,220
      
1,881
    
$
110,430
  
Tax effect
    
4,373
      
-
      
(659
)
  
$
3,714
  
Other comprehensive income before reclassifications, net of tax
    
(11,298
)
    
124,220
      
1,222
    
$
114,144
  
Amounts reclassified out of AOCI
    
9,147
      
-
      
(817
)
  
$
8,330
  
Tax effect
    
(2,394
)
    
-
      
286
    
$
(2,108
)
Amounts reclassified out of AOCI, net of tax
    
6,753
      
-
      
(531
)
  
$
6,222
  
Net comprehensive income (loss)
  
$
(4,545
)
  
$
124,220
    
$
691
    
$
120,366
  
Balance at December 31, 2017
  
$
(69,041
)
  
$
92,954
    
$
1,801
    
$
25,714
  
Cumulative effect of accounting for adoption of ASU 2016-01
    
-
      
-
      
(1,801
)
    
(1,801
)
Other comprehensive income before reclassifications
    
5,617
      
(41,454
)
    
-
    
$
(35,837
)
Tax effect
    
(1,032
)
    
-
      
-
    
$
(1,032
)
Other comprehensive income before reclassifications, net of tax
    
4,585
      
(41,454
)
    
-
    
$
(36,869
)
Amounts reclassified out of AOCI
    
8,343
      
-
      
-
    
$
8,343
  
Tax effect
    
(2,178
)
    
-
      
-
    
$
(2,178
)
Amounts reclassified out of AOCI, net of tax
    
6,165
      
-
      
-
    
$
6,165
  
Net comprehensive income (loss)
  
$
10,750
    
$
(41,454
)
  
$
-
    
$
(30,704
)
Balance at December 31, 2018
  
$
(58,291
)
  
$
51,500
    
$
-
    
$
(6,791
)
Other comprehensive income before reclassifications
    
(21,473
)
    
(10,126
)
    
-
    
$
(31,599
)
Tax effect
    
5,219
      
-
      
-
    
$
5,219
  
Other comprehensive income before reclassifications, net of tax
    
(16,254
)
    
(10,126
)
    
-
    
$
(26,380
)
Amounts reclassified out of AOCI
    
8,694
      
-
      
-
    
$
8,694
  
Tax effect
    
(2,169
)
    
-
      
-
    
$
(2,169
)
Amounts reclassified out of AOCI, net of tax
    
6,525
      
-
      
-
    
$
6,525
  
Net comprehensive income (loss)
  
$
(9,729
)
  
$
(10,126
)
  
$
-
    
$
(19,855
)
Balance at December 31, 2019
  
$
(68,020
)
  
$
41,374
    
$
-
    
$
(26,646
)

The Company recognized a cumulative-effect adjustment to retained earnings (accumulated deficit) of $1,801 for the cumulative change in fair value of available-for-sale equity investments previously recognized in other comprehensive income due to the adoption of ASU 2016-01 on January 1, 2018.

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 $817 for the year ended December 31, 2017.  The reclassification was recorded as a component of compensation expense within Selling, General, and Administrative expenses on the accompanying consolidated statement 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 $0 for the year ended December 31, 2017.

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