| Changes in Accumulated Other Comprehensive Income, Net of Tax |
For the year ended December 31, 2015, changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Foreign
currency translation |
|
Unrealized
gain (loss) in
Accumulated
OCI
|
|
Total |
Balance at December 31, 2014 |
$ |
(6,717 |
) |
|
$ |
(5,675 |
) |
|
$ |
(12,392 |
) |
Other comprehensive income (loss) before reclassifications, net of tax (1)
|
(15,074 |
) |
|
(2,378 |
) |
|
(17,452 |
) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax (1)
|
— |
|
|
7,307 |
|
|
7,307 |
|
Net other comprehensive loss |
(15,074 |
) |
|
4,929 |
|
|
(10,145 |
) |
Balance at December 31, 2015 |
$ |
(21,791 |
) |
|
$ |
(746 |
) |
|
$ |
(22,537 |
) |
|
|
(1) |
Effective tax rate of 40.13%.
|
Amounts reclassified from Accumulated other comprehensive income (loss) for the year ended December 31, 2015 includes an other-than-temporary impairment charge on our investment in RXi 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, 2014, changes in Accumulated other comprehensive income, net of tax, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Foreign
currency translation |
|
Unrealized
gain (loss) in
Accumulated
OCI |
|
Total |
Balance at December 31, 2013 |
$ |
1,371 |
|
|
$ |
2,047 |
|
|
$ |
3,418 |
|
Other comprehensive income (loss) 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%.
|
|