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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 29, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 6 – 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
  
-
   
(14,671
)
  
335
  
$
(14,336
)
Tax effect
  
-
   
-
   
(117
)
 
$
(117
)
Other comprehensive income before reclassifications, net of tax
  
-
   
(14,671
)
  
218
  
$
(14,453
)
Amounts reclassified out of AOCI
  
9,207
   
-
   
(687
)
 
$
8,520
 
Tax effect
  
(3,035
)
  
-
   
255
  
$
(2,780
)
Amounts reclassified out of AOCI, net of tax
  
6,172
   
-
   
(432
)
 
$
5,740
 
Net comprehensive income
 
$
6,172
  
$
(14,671
)
 
$
(214
)
 
$
(8,713
)
Balance at June 29, 2013
 
$
(172,784
)
 
$
152,790
  
$
1,059
  
$
(18,935
)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  (See Note 7 for further information).  The amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI as a result of sales of securities held by the Company's rabbi trust used to fund a deferred compensation plan was $676 and $731, respectively, for the fiscal quarter and six fiscal months ended June 29, 2013.  These reclassifications are recorded as a component of compensation expense within Selling, General, and Administrative expenses on our consolidated condensed statements of operations. The gross amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI as a result of sales of available-for-sale securities was $(39) and $(44), respectively, for the fiscal quarter and six fiscal months ended June 29, 2013.  These reclassifications are recorded as a component of Other Income on our consolidated condensed statements of operations.  The tax effect of the reclassifications of unrealized gains (losses) on available-for-sale securities is recorded as a component of Income Tax Expense on our consolidated condensed statements 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.