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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 4 – Accumulated Other Comprehensive Income (Loss)

The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows:

 
  
 
Pension and other post-retirement actuarial items
  
Currency translation adjustment
  
Unrealized gain (loss) on available-for-sale securities
  
Total
 
Balance at January 1, 2013
 
$
(178,956
)
 
$
167,461
  
$
1,273
  
$
(10,222
)
Other comprehensive income before reclassifications
  
-
   
(25,121
)
  
711
  
$
(24,410
)
Tax effect
  
-
   
-
   
(249
)
 
$
(249
)
Other comprehensive income before reclassifications, net of tax
  
-
   
(25,121
)
  
462
  
$
(24,659
)
Amounts reclassified out of AOCI
  
4,833
   
-
   
(50
)
 
$
4,783
 
Tax effect
  
(1,602
)
  
-
   
18
  
$
(1,584
)
Amounts reclassified out of AOCI, net of tax
  
3,231
   
-
   
(32
)
 
$
3,199
 
Net comprehensive income
 
$
3,231
  
$
(25,121
)
 
$
430
  
$
(21,460
)
Balance at March 30, 2013
 
$
(175,725
)
 
$
142,340
  
$
1,703
  
$
(31,682
)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  (See Note 5 for further information).  $(5) of the gross amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI are the result of sales of available-for-sale securities and are recorded as a component of Other Income on our consolidated condensed statement of operations.  The tax effect of these reclassifications of unrealized gains (losses) on available-for-sale securities was $1, and is recorded as a component of Income Tax Expense on our consolidated condensed statement of operations.  The remaining amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI are the result of sales of securities held by the Company's rabbi trust used to fund a deferred compensation plan, and are recorded as a component of compensation expense within Selling, General, and Administrative expenses on our consolidated condensed statement of operations.

Other comprehensive income (loss) includes Vishay's proportionate share of other comprehensive income (loss) of nonconsolidated subsidiaries accounted for under the equity method.