Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Other Comprehensive Income (Loss)

Note 21 Other Comprehensive Income (Loss)

Comprehensive income (loss) for TSYS consists of net income, cumulative foreign currency translation adjustments, unrealized gain on available for sale securities and the recognition of an overfunded or underfunded status of a defined benefit postretirement plan recorded as a component of shareholders’ equity. The income tax effects allocated to and the cumulative balance of each component of accumulated other comprehensive income (loss) are as follows:

(in thousands)	Beginning Balance			Pretax amount			Tax effect			Net-of-tax			Ending Balance
As of December 31, 2011	$	(2,585	)		5,397			3,257			2,140		$	(445	)
Foreign currency translation adjustments	$	(186	)		4,875			1,357			3,518		$	3,332
Transfer from noncontrolling interest (NCI)		28			—			—			—			28
Change in accumulated other comprehensive income (AOCI) related to postretirement healthcare plans		(287	)		(2,603	)		(938	)		(1,665	)		(1,952	)
As of December 31, 2012	$	(445	)		2,272			419			1,853		$	1,408
Foreign currency translation adjustments	$	3,332			(295	)		1,033			(1,328	)	$	2,004
Transfer from NCI		28			—			—			—			28
Gain on available for sale securities		—			2,810			1,037			1,773			1,773
Change in AOCI related to postretirement healthcare plans		(1,952	)		1,926			30			1,896			(56	)
As of December 31, 2013	$	1,408			4,441			2,100			2,341		$	3,749
Foreign currency translation adjustments	$	2,004			(17,143	)		(1,547	)		(15,596	)	$	(13,592	)
Transfer from NCI		28			—			—			—			28
Gain on available for sale securities		1,773			(1,058	)		(390	)		(668	)		1,105
Change in AOCI related to postretirement healthcare plans		(56	)		921			332			589			533
As of December 31, 2014	$	3,749			(17,280	)		(1,605	)		(15,675	)	$	(11,926	)

Consistent with its overall strategy of pursuing international investment opportunities, TSYS adopted the permanent reinvestment exception under GAAP, with respect to future earnings of certain foreign subsidiaries. Its decision to permanently reinvest foreign earnings offshore means TSYS will no longer allocate taxes to foreign currency translation adjustments associated with these foreign subsidiaries accumulated in other comprehensive income.