Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v2.4.0.8
Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
For the year ended December 31, 2013, changes in Accumulated other comprehensive income, net of tax, were as follows:
(In thousands)
Foreign
currency
 
Unrealized
gains in
Accumulated
OCI
Balance at December 31, 2012
$
3,196

 
$
4,160

Other comprehensive income before reclassifications, net of tax (1)
(1,825
)
 
2,467

Amounts reclassified from accumulated other comprehensive income, net of tax (1)


 
(4,580
)
Net other comprehensive income
(1,825
)
 
(2,113
)
Balance at December 31, 2013
$
1,371

 
$
2,047

(1)
Effective tax rate of 38.47%.
Amounts reclassified from Accumulated other comprehensive income for the year ended December 31, 2013, related to $10.8 million realized gain on the sales of certain of our investments available for sale. Of the $10.8 million gain on the sales of our investments available for sale, a $7.5 million gain was reclassified from unrealized gains in Accumulated other comprehensive income to Other income (expense), net for the year ended December 31, 2013.