Comprehensive Income |
22. Comprehensive Income
Below is a summary of the components of AOCI (in thousands):
|
|
Foreign
Currency
Translation |
|
|
Marketable
Securities |
|
|
Derivative
Instruments |
|
|
Defined
Benefit
Plans |
|
|
Income
Taxes |
|
|
Total |
|
Balance at December 31, 2012 |
|
$ |
19,312 |
|
|
$ |
467 |
|
|
$ |
(33,542 |
) |
|
$ |
(8,235 |
) |
|
$ |
29,693 |
|
|
$ |
7,695 |
|
Other comprehensive (loss) income before reclassifications |
|
|
(25,141 |
) |
|
|
5,241 |
|
|
|
(393 |
) |
|
|
2,147 |
|
|
|
1,331 |
|
|
|
(16,815 |
) |
Reclassification adjustments |
|
|
— |
|
|
|
— |
|
|
|
13,080 |
|
|
|
1,044 |
|
|
|
(5,380 |
) |
|
|
8,744 |
|
Balance at December 31, 2013 |
|
|
(5,829 |
) |
|
|
5,708 |
|
|
|
(20,855 |
) |
|
|
(5,044 |
) |
|
|
25,644 |
|
|
|
(376 |
) |
Other comprehensive (loss) income before reclassifications |
|
|
(49,911 |
) |
|
|
(976 |
) |
|
|
(6,834 |
) |
|
|
(10,218 |
) |
|
|
7,225 |
|
|
|
(60,714 |
) |
Reclassification adjustments |
|
|
— |
|
|
|
(5,004 |
) |
|
|
8,630 |
|
|
|
743 |
|
|
|
(2,370 |
) |
|
|
1,999 |
|
Balance at December 31, 2014 |
|
|
(55,740 |
) |
|
|
(272 |
) |
|
|
(19,059 |
) |
|
|
(14,519 |
) |
|
|
30,499 |
|
|
|
(59,091 |
) |
Other comprehensive (loss) income before reclassifications |
|
|
(61,090 |
) |
|
|
(436 |
) |
|
|
(13,202 |
) |
|
|
282 |
|
|
|
9,110 |
|
|
|
(65,336 |
) |
Reclassification adjustments |
|
|
— |
|
|
|
— |
|
|
|
18,269 |
|
|
|
973 |
|
|
|
(6,181 |
) |
|
|
13,061 |
|
Balance at December 31, 2015 |
|
$ |
(116,830 |
) |
|
$ |
(708 |
) |
|
$ |
(13,992 |
) |
|
$ |
(13,264 |
) |
|
$ |
33,428 |
|
|
$ |
(111,366 |
) |
Below is a summary of the (gains) losses reclassified from AOCI into the consolidated statements of income and the affected financial statement line item (in thousands):
|
|
Affected Financial Statement |
|
Year Ended December 31, |
|
Reclassification Adjustments |
|
Line Item |
|
2015 |
|
|
2014 |
|
|
2013 |
|
Marketable securities |
|
Other expense (income), net |
|
$ |
— |
|
|
$ |
(5,004 |
) |
|
$ |
— |
|
Total before income taxes |
|
|
|
|
— |
|
|
|
(5,004 |
) |
|
|
— |
|
Income tax expense |
|
|
|
|
— |
|
|
|
(1,927 |
) |
|
|
— |
|
Total net of income taxes |
|
|
|
$ |
— |
|
|
$ |
(3,077 |
) |
|
$ |
— |
|
Derivative instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swaps |
|
Interest expense |
|
$ |
12,333 |
|
|
$ |
12,424 |
|
|
$ |
12,582 |
|
Foreign exchange forward contracts |
|
Service revenues |
|
|
5,936 |
|
|
|
(3,794 |
) |
|
|
498 |
|
Total before income taxes |
|
|
|
|
18,269 |
|
|
|
8,630 |
|
|
|
13,080 |
|
Income tax benefit |
|
|
|
|
5,826 |
|
|
|
4,022 |
|
|
|
4,991 |
|
Total net of income taxes |
|
|
|
$ |
12,443 |
|
|
$ |
4,608 |
|
|
$ |
8,089 |
|
Defined benefit plans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of prior service costs |
|
See Note 17 |
|
$ |
— |
|
|
$ |
107 |
|
|
$ |
336 |
|
Amortization of actuarial losses |
|
See Note 17 |
|
|
973 |
|
|
|
636 |
|
|
|
708 |
|
Total before income taxes |
|
|
|
|
973 |
|
|
|
743 |
|
|
|
1,044 |
|
Income tax benefit |
|
|
|
|
355 |
|
|
|
275 |
|
|
|
389 |
|
Total net of income taxes |
|
|
|
$ |
618 |
|
|
$ |
468 |
|
|
$ |
655 |
|
|