Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 11. Accumulated Other Comprehensive Income (Loss)

The Company presents data in the Condensed Consolidated Statements of Changes in Shareholders’ Equity in accordance with ASC 220 “Comprehensive Income” (“ASC 220”). ASC 220 establishes rules for the reporting of comprehensive income (loss) and its components. The components of accumulated other comprehensive income (loss) consist of the following (in thousands):

	Foreign Currency Translation Gain (Loss)			Unrealized Gain (Loss) on Net Investment Hedge			Unrealized Actuarial Gain (Loss) Related to Pension Liability			Unrealized Gain (Loss) on Cash Flow Hedging Instruments			Unrealized Gain (Loss) on Post Retirement Obligation			Total
Balance at January 1, 2014	$	12,751		$	(3,683	)	$	1,150		$	(2,535	)	$	314		$	7,997
Pre-tax amount		(34,947	)		6,344			(50	)		(2,790	)		77			(31,366	)
Tax (provision) benefit		—			(2,385	)		57			(17	)		—			(2,345	)
Reclassification of (gain) loss to net income		—			—			(35	)		5,237			(49	)		5,153
Foreign currency translation		120			—			(114	)		(6	)		—			—
Balance at December 31, 2014		(22,076	)		276			1,008			(111	)		342			(20,561	)
Pre-tax amount		(20,055	)		4,510			—			2,414			72			(13,059	)
Tax (provision) benefit		—			(1,742	)		—			(23	)		—			(1,765	)
Reclassification of (gain) loss to net income		—			—			(21	)		(1,341	)		(28	)		(1,390	)
Foreign currency translation		(11	)		—			(7	)		18			—			—
Balance at June 30, 2015	$	(42,142	)	$	3,044		$	980		$	957		$	386		$	(36,775	)

The following table summarizes the amounts reclassified to net income from accumulated other comprehensive income (loss) and the associated line item in the accompanying Condensed Consolidated Statements of Operations (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,					Statements of Operations Location
	2015		2014			2015		2014
Actuarial Gain (Loss) Related to Pension Liability: (1)
Pre-tax amount	$	10	$	13		$	21	$	25		Direct salaries and related costs
Tax (provision) benefit		—		—			—		—		Income taxes
Reclassification to net income		10		13			21		25
Gain (Loss) on Cash Flow Hedging Instruments: (2)
Pre-tax amount		740		(1,756	)		1,330		(4,133	)	Revenues
Tax (provision) benefit		5		17			11		113		Income taxes
Reclassification to net income		745		(1,739	)		1,341		(4,020	)
Gain (Loss) on Post Retirement Obligation: (1)
Pre-tax amount		14		12			28		23		General and administrative
Tax (provision) benefit		—		—			—		—		Income taxes
Reclassification to net income		14		12			28		23
Total reclassification of gain (loss) to net income	$	769	$	(1,714	)	$	1,390	$	(3,972	)

⁽¹⁾ See Note 15, Defined Benefit Pension Plan and Postretirement Benefits, for further information.

⁽²⁾ See Note 5, Financial Derivatives, for further information.

Except as discussed in Note 12, Income Taxes, earnings associated with the Company’s investments in its foreign subsidiaries are considered to be indefinitely reinvested and no provision for income taxes on those earnings or translation adjustments have been provided.