Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income

v2.4.1.9
Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
For the year ended December 31, 2014, changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
(In thousands)
Foreign
currency

Unrealized
gain (loss) in
Accumulated
OCI

Total
Balance at December 31, 2013
$
1,371


$
2,047


$
3,418

Other comprehensive income before reclassifications, net of tax (1)
(8,088
)

(8,044
)

(16,132
)
Amounts reclassified from accumulated other comprehensive income, net of tax (1)


322


322

Net other comprehensive loss
(8,088
)

(7,722
)

(15,810
)
Balance at December 31, 2014
$
(6,717
)

$
(5,675
)

$
(12,392
)
(1) 
Effective tax rate of 40.13%.
Amounts reclassified from Accumulated other comprehensive income (loss) for the year ended December 31, 2014 includes $1.3 million realized gain on the sales of certain of our investments available for sale. Of the $1.3 million gain on the sales of our investments available for sale, a $0.9 million gain was reclassified from unrealized gains in Accumulated other comprehensive income (loss) to Other income (expense), net for the year ended December 31, 2014. Amounts reclassified from Accumulated other comprehensive income (loss) also includes an other-than-temporary impairment charge on our investment in ARNO as discussed in Note 4. Amounts reclassified for our available for sale investments were based on the specific identification method.
For the year ended December 31, 2013, changes in Accumulated other comprehensive income, net of tax, were as follows:
(In thousands)
Foreign
currency
 
Unrealized
gain (loss) in
Accumulated
OCI
 
Total
Balance at December 31, 2012
$
3,196

 
$
4,160

 
$
7,356

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

 
642

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

 
(4,580
)
 
(4,580
)
Net other comprehensive loss
(1,825
)
 
(2,113
)
 
(3,938
)
Balance at December 31, 2013
$
1,371

 
$
2,047

 
$
3,418

(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.