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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2023
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
    
Total
  
                   
Balance at January 1, 2021
  
$
(77,075
)
  
$
90,634
    
$
13,559
  
Other comprehensive income before reclassifications
    
12,592
      
(51,978
)
  
$
(39,386
)
Tax effect
    
(2,509
)
    
-
    
$
(2,509
)
Other comprehensive income before reclassifications, net of tax
    
10,083
      
(51,978
)
  
$
(41,895
)
Amounts reclassified out of AOCI
    
10,677
      
-
    
$
10,677
  
Tax effect
    
(2,593
)
    
-
    
$
(2,593
)
Amounts reclassified out of AOCI, net of tax
    
8,084
      
-
    
$
8,084
  
Net comprehensive income (loss)
  
$
18,167
    
$
(51,978
)
  
$
(33,811
)
Balance at December 31, 2021
  
$
(58,908
)
  
$
38,656
    
$
(20,252
)
Other comprehensive income before reclassifications
    
60,949
      
(41,885
)
  
$
19,064
  
Tax effect
    
(15,783
)
    
-
    
$
(15,783
)
Other comprehensive income before reclassifications, net of tax
    
45,166
      
(41,885
)
  
$
3,281
  
Amounts reclassified out of AOCI
    
8,260
      
-
    
$
8,260
  
Tax effect
    
(2,116
)
    
-
    
$
(2,116
)
Amounts reclassified out of AOCI, net of tax
    
6,144
      
-
    
$
6,144
  
Net comprehensive income (loss)
  
$
51,310
    
$
(41,885
)
  
$
9,425
  
Balance at December 31, 2022
  
$
(7,598
)
  
$
(3,229
)
  
$
(10,827
)
Other comprehensive income before reclassifications
    
(10,338
)
    
28,165
    
$
17,827
  
Tax effect
    
2,462
      
-
    
$
2,462
  
Other comprehensive income before reclassifications, net of tax
    
(7,876
)
    
28,165
    
$
20,289
  
Amounts reclassified out of AOCI
    
1,181
      
-
    
$
1,181
  
Tax effect
    
(306
)
    
-
    
$
(306
)
Amounts reclassified out of AOCI, net of tax
    
875
      
-
    
$
875
  
Net comprehensive income (loss)
  
$
(7,001
)
  
$
28,165
    
$
21,164
  
Balance at December 31, 2023
  
$
(14,599
)
  
$
24,936
    
$
10,337
  

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