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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following is a summary of the changes in Accumulated Other Comprehensive Loss during the period January 1, 2012 to December 31, 2014 (in thousands of dollars):
 
 
Foreign Currency Items
 
Defined Benefit Pension Items
 
Total
Balance at January 1, 2012
 
$
(34,012
)
 
$
(19,906
)
 
$
(53,918
)
Foreign currency translation adjustments
 
17,928

 
(1,163
)
 
16,765

Net unrecognized losses related to defined benefit pension plan (see Note 17)
 
—

 
(13,222
)
 
(13,222
)
Amounts reclassified from accumulated other comprehensive loss
 
—

 
—

 
—

Net other comprehensive income (loss)
 
17,928

 
(14,385
)
 
3,543

Balance at December 31, 2012
 
(16,084
)
 
(34,291
)
 
(50,375
)
Foreign currency translation adjustments
 
14,732

 
(858
)
 
13,874

Net unrecognized losses related to defined benefit pension plan (see Note 17)
 
—

 
(4,065
)
 
(4,065
)
Amounts reclassified from accumulated other comprehensive loss
 
—

 
1,113

 
1,113

Net other comprehensive income (loss)
 
14,732

 
(3,810
)
 
10,922

Balance at December 31, 2013
 
(1,352
)
 
(38,101
)
 
(39,453
)
Foreign currency translation adjustments
 
(33,929
)
 
2,468

 
(31,461
)
Net unrecognized losses related to defined benefit pension plan (see Note 17)
 
—

 
(9,787
)
 
(9,787
)
Amounts reclassified from accumulated other comprehensive loss
 
2,058

 
1,877

 
3,935

Net other comprehensive loss
 
(31,871
)
 
(5,442
)
 
(37,313
)
Balance at December 31, 2014
 
$
(33,223
)
 
$
(43,543
)
 
$
(76,766
)

In 2014 and 2013, $1.9 million and $1.1 million (each net of tax), respectively, was reclassified from Accumulated Other Comprehensive Loss and recognized on a pre-tax basis within Salaries and Related Costs in the Consolidated Income Statements as a result of the amortization of actuarial losses related to Sotheby's defined benefit pension plan in the U.K.
In 2014, $2.1 million was reclassified from Accumulated Other Comprehensive Loss to Other Income in the Consolidated Income Statements as a result of the cumulative translation adjustment that was recognized upon the liquidation of a foreign subsidiary.