Note 14. Stockholders’ Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the non-redeemable noncontrolling interest for the nine months ended September 30, 2018 and 2017:

(in thousands)	Total Viad Stockholders’ Equity			Non-redeemable Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2017	$	429,131		$	13,806	$	442,937
Net income		51,492			890		52,382
Dividends on common stock ($0.30 per share)		(6,128	)		—		(6,128	)
Common stock purchased for treasury		(10,240	)		—		(10,240	)
Employee benefit plans		6,046			—		6,046
Unrealized foreign currency translation adjustment, net of tax		(7,864	)		—		(7,864	)
Other changes to AOCI, net of tax		(715	)		—		(715	)
Adoption of ASU 2018-02 ⁽¹⁾		1,680			—		1,680
Other, net		(34	)		—		(34	)
Balance at September 30, 2018	$	463,368		$	14,696	$	478,064

⁽¹⁾	Upon the adoption of ASU 2018-02, we recorded a cumulative-effect adjustment from AOCI to beginning retained earnings.

(in thousands)	Total Viad Stockholders’ Equity			Non-redeemable Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2016	$	357,355		$	13,283	$	370,638
Net income		79,381			747		80,128
Dividends on common stock ($0.30 per share)		(6,119	)		—		(6,119	)
Common stock purchased for treasury		(1,272	)		—		(1,272	)
Employee benefit plans		5,916			—		5,916
Unrealized foreign currency translation adjustment, net of tax		18,820			—		18,820
Other changes to AOCI, net of tax		327			—		327
Other, net		56			—		56
Balance at September 30, 2017	$	454,464		$	14,030	$	468,494

Changes in AOCI by component are as follows:

(in thousands)	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Prior Service Credit, Net			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2017	$	616		$	(12,026	)	$	(11,158	)	$	(22,568	)
Adoption of ASU 2016-01⁽¹⁾		(616	)		—			—			(616	)
Other comprehensive income before reclassifications		—			(7,864	)		—			(7,864	)
Amounts reclassified from AOCI, net of tax		—			—			(715	)		(715	)
Net other comprehensive income (loss)		(616	)		(7,864	)		(715	)		(9,195	)
Balance at September 30, 2018	$	—		$	(19,890	)	$	(11,873	)	$	(31,763	)

⁽²⁾	Upon the adoption of ASU 2016-01, we recorded a cumulative-effect adjustment from unrealized gains on investments to beginning retained earnings.

Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during the nine months ended September 30, 2018 and 2017. These costs are recorded as components of net periodic cost for each period presented. Refer to Note 17 – Pension and Postretirement Benefits for additional information.

Amounts reclassified that relate to unrealized gains on equity securities classified as available-for-sale include $1.0 million ($0.6 million after tax) as of December 31, 2017. Upon the adoption of ASU 2016-01, unrealized gains on equity securities are recognized in net income. Refer to Note 13 – Fair Value Measurements for additional information.

Noncontrolling interests with redemption features that are not solely within our control are considered redeemable noncontrolling interests. Redeemable noncontrolling interest is considered temporary equity and is reported between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. Refer to Note 20 – Redeemable Noncontrolling Interest for additional information.