Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2016

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

Note 20 Other Comprehensive Income (Loss)

Comprehensive income (loss) for TSYS consists of net income, cumulative foreign currency translation adjustments, unrealized gains 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 Amount		Ending Balance
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 noncontrolling interest (NCI)		28	-	-		-		28
Loss 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)
Foreign currency translation adjustments	$	(13,592)	(22,997)	(1,548)		(21,449)	$	(35,041)
Transfer from NCI		28	-	-		-		28
Gain on available for sale securities		1,105	2,177	779		1,398		2,503
Change in AOCI related to postretirement healthcare plans		533	(2,449)	(882)		(1,567)		(1,034)
As of December 31, 2015	$	(11,926)	(23,269)	(1,651)	$	(21,618)	$	(33,544)
Foreign currency translation adjustments	$	(35,041)	(36,341)	(5,872)	$	(30,469)	$	(65,510)
Transfer from NCI		28	-	-		-		28
Gain on available for sale securities		2,503	11,394	4,035		7,359		9,862
Change in AOCI related to postretirement healthcare plans		(1,034)	775	279		496		(538)
As of December 31, 2016	$	(33,544)	(24,172)	(1,558)	$	(22,614)	$	(56,158)

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.