Changes in Accumulated Other Comprehensive (Loss) Income |
Changes in accumulated other comprehensive income (loss), which are presented net of tax, consist of the following:
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Six Months Ended June 30, 2019 |
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Balance at December 31, 2018, net of tax of $0, $(521), $(1,081), respectively |
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Other comprehensive income before reclassifications, net of tax of $0, $1,256, $0, respectively |
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Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(26), $(21), respectively |
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Net current period other comprehensive income (loss), net of tax of $0, $1,230, $(21), respectively |
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Balance at June 30, 2019, net of tax of $0, $709, $(1,102), respectively |
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Six Months Ended July 1, 2018 |
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Balance at December 31, 2017, net of tax of $0, $1,815, $(932), respectively |
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Other comprehensive income (loss) before reclassifications, net of tax of $0, $(774), $0, respectively |
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Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $11, $(35), respectively |
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Net current period other comprehensive income (loss), net of tax of $0, $(733), $(35), respectively |
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Reclassification of income tax effects from the Tax Reform Act, net of tax of $0, $(691), $(78), respectively (a) |
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Reclassification of unrealized gains on equity securities, net of tax of $0, $(902), $0, respectively (b) |
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Balance as July 1, 2018, net of tax of $0, $(511), $(1,045), respectively |
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(a) |
In the six months ended July 1, 2018, Teradyne early adopted the ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” As a result, the stranded tax effects resulting from the Tax Reform Act enacted in December 2017 were reclassified from accumulated other comprehensive income to retained earnings. |
(b) |
In the six months ended July 1, 2018, Teradyne adopted the ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” |
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Reclassifications Out of Accumulated Other Comprehensive Income to Statements of Operations |
Reclassifications out of accumulated other comprehensive income (loss) to the statement of operations for the three and six months ended June 30, 2019 and July 1, 2018 were as follows:
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Details about Accumulated Other Comprehensive Income Components |
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Available-for-sale marketable securities: |
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Unrealized gains (losses), net of tax of $6, $68, $26, $(11), respectively |
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Interest income (expense) |
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Defined benefit pension and postretirement plans: |
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Amortization of prior service benefit, net of tax of $11, $18, $21, $35 respectively |
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Total reclassifications, net of tax of $17, $86, $47, $24, respectively |
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(a) |
The amortization of prior service benefit is included in the computation of net periodic pension cost and postretirement benefit. See Note R: “Retirement Plans.” |
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