Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note B: Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) consists of the actuarial loss on the defined benefit pension plan and the amortization of this loss, as well as unrealized gains or losses on available-for-sale marketable securities, as reported within the Consolidated Statement of Stockholders' Equity. Changes in accumulated other comprehensive income (loss) are reported as "Other comprehensive income or loss" within the Consolidated Statements of Comprehensive Income. Reclassification adjustments, which represent realized gains or losses on the sales of available-for-sale marketable securities, netted a gain of $329,000 for the year ended December 31, 2014, compared to a net loss of $64,000 and a net gain of $233,000 for the same periods in 2013 and 2012, respectively. Realized gains or losses were included in "Gain from marketable securities, net" within the Consolidated Statements of Earnings.

The following table summarizes the components of other comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012:

	YEAR ENDED DECEMBER 31, 2014
(in thousands)		GROSS OTHER COMPREHENSIVE INCOME (LOSS)			TAX (EXPENSE) BENEFIT			NET OTHER COMPREHENSIVE INCOME (LOSS)
Amortization of actuarial loss on defined benefit pension plan	$	28		$	(11	)	$	17
Unrealized gain on marketable securities, available-for-sale:
Unrealized gain on marketable securities, available-for-sale		670			–			670
Less: reclassification adjustments for gains included in net income		(329	)		–			(329	)
Total unrealized gain on marketable securities, available-for-sale		341			–			341
Other comprehensive income	$	369		$	(11	)	$	358
	YEAR ENDED DECEMBER 31, 2013
Actuarial loss on defined benefit pension plan	$	(1,674	)	$	640		$	(1,034	)
Unrealized loss on marketable securities, available-for-sale:
Unrealized loss on marketable securities, available-for-sale		(279	)		–			(279	)
Less: reclassification adjustments for losses included in net income		64			–			64
Total unrealized loss on marketable securities, available-for-sale		(215	)		–			(215	)
Other comprehensive loss	$	(1,889	)	$	640		$	(1,249	)
	YEAR ENDED DECEMBER 31, 2012
Reduction of unrealized gain related to cash flow hedging instruments	$	(1,709	)	$	653		$	(1,056	)
Unrealized gain on marketable securities, available-for-sale:
Unrealized gain on marketable securities, available-for-sale		1,217			–			1,217
Less: reclassification adjustments for gains included in net income		(233	)		–			(233	)
Total unrealized gain on marketable securities, available-for-sale		984			–			984
Other comprehensive loss	$	(725	)	$	653		$	(72	)