Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2017

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

(8)Other Comprehensive Income (Loss)

ASC 220, Comprehensive Income, establishes standards for reporting and displaying comprehensive income and its components in the consolidated financial statements. The Company reports the change in pension benefit plans assets/liabilities, cumulative foreign currency translation, change in fair value of investments and change in fair value of an interest rate swap as components of accumulated other comprehensive loss (“AOCI”).

The tax effects of the components of other comprehensive income (loss) for the three months ended March 31, 2017 and 2016 are as follows:

	Three Months Ended						Three Months Ended
	March 31, 2017						March 31, 2016
(in thousands)	Before-Tax Amount		Tax (Expense) Benefit		Net-of-Tax Amount		Before-Tax Amount		Tax (Expense) Benefit		Net-of-Tax Amount
Other comprehensive income:
Defined benefit pension plan adjustments	$	455	$	(187)	$	268	$	427	$	(180)	$	247
Foreign currency translation adjustments		(92)		38		(54)		1,604		(674)		930
Unrealized (loss) gain in fair value of investments		(36)		15		(21)		13		(5)		8
Unrealized loss in fair value of interest rate swap		—		—		—		(62)		27		(35)
Total other comprehensive income	$	327	$	(134)	$	193	$	1,982	$	(832)	$	1,150

The changes in AOCI balances by component (after tax) for the three months ended March 31, 2017 and 2016 are as follows:

	Three Months Ended March 31, 2017
					Unrealized
	Defined				Gain (Loss) in		Accumulated
	Benefit		Foreign		Fair Value of		Other
	Pension		Currency		Investments,		Comprehensive
(in thousands)	Plan		Translation		Net		Loss
Balance as of December 31, 2016	$	(40,865)	$	(4,864)	$	316	$	(45,413)
Other comprehensive loss before reclassifications		—		(54)		(21)		(75)
Amounts reclassified from AOCI		268		—		—		268
Total other comprehensive income (loss)		268		(54)		(21)		193
Balance as of March 31, 2017	$	(40,597)	$	(4,918)	$	295	$	(45,220)

	Three Months Ended March 31, 2016
					Unrealized		Unrealized
	Defined				Gain in Fair		Gain (Loss) in		Accumulated
	Benefit		Foreign		Value of		Fair Value of		Other
	Pension		Currency		Investments,		Interest Rate		Comprehensive
(in thousands)	Plan		Translation		Net		Swap, Net		Loss
Balance as of December 31, 2015	$	(38,242)	$	(4,603)	$	656	$	24	$	(42,165)
Other comprehensive gain (loss) before reclassifications		—		930		8		(35)		903
Amounts reclassified from AOCI		247		—		—		—		247
Total other comprehensive income (loss)		247		930		8		(35)		1,150
Balance as of March 31, 2016	$	(37,995)	$	(3,673)	$	664	$	(11)	$	(41,015)

The significant items reclassified out of AOCI and the corresponding location and impact on the Condensed Consolidated Statement of Operations are as follows:

	Location in	Three Months Ended
	Condensed Consolidated	March 31,
(in thousands)	Statements of Operations	2017		2016
Defined benefit pension plan adjustments	Various accounts(a)	$	455	$	427
Income tax benefit	Provision for income taxes		(187)		(180)
Net of tax		$	268	$	247

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(a)Defined benefit pension plan adjustments were reclassified primarily to cost of operations and general and administrative expenses.