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Comprehensive Income
6 Months Ended
Jun. 30, 2015
Comprehensive Income  
Comprehensive Income

 

11. Comprehensive Income

 

Comprehensive income consists of the following components, net of tax (unaudited):

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,
2015

 

June 30,
2014

 

June 30,
2015

 

June 30,
2014

 

Net income

 

$

10,541

 

$

6,197

 

$

12,335

 

$

10,987

 

Effective portion of unrealized gain (loss) on cash flow hedge

 

14

 

(264

)

(297

)

(276

)

Foreign currency translation

 

(124

)

55

 

(295

)

83

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

 

10,431

 

5,988

 

11,743

 

10,794

 

Less: Comprehensive income attributable to noncontrolling interest

 

784

 

890

 

1,236

 

1,377

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income attributable to SP Plus Corporation

 

$

9,647

 

$

5,098

 

$

10,507

 

$

9,417

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income is comprised of unrealized gains (losses) on cash flow hedges and foreign currency translation adjustments. The components of changes in accumulated comprehensive income (loss), net of tax, for the six months ended June 30, 2015 were as follows (unaudited):

 

 

 

Foreign Currency
Translation
Adjustments

 

Effective Portion of
Unrealized Gain (Loss)
on Cash Flow Hedge

 

Total
Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at December 31, 2014

 

$

(530

)

$

325

 

$

(205)

 

Change in other comprehensive income (loss)

 

(295

)

(297

)

(592)

 

 

 

 

 

 

 

 

 

Balance at June 30, 2015

 

$

(825

)

$

28

 

$

(797)