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Investor Relations

SEC Filings

10-K
GRAHAM HOLDINGS CO filed this Form 10-K on 02/23/2018
Entire Document
 


 
Year Ended December 31, 2015
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
(18,898
)
 
$

 
$
(18,898
)
Adjustment for sales of businesses with foreign operations
5,501

 

 
5,501

  
(13,397
)
 

 
(13,397
)
Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
10,620

 
(4,248
)
 
6,372

Reclassification adjustment for realized gain on sale of available-for-sale securities included in net income
(4
)
 
2

 
(2
)
 
10,616

 
(4,246
)
 
6,370

Pension and other postretirement plans:
 
 
 
 
 
Actuarial loss
(211,054
)
 
84,421

 
(126,633
)
Amortization of net actuarial gain included in net income
(9,906
)
 
3,962

 
(5,944
)
Amortization of net prior service cost included in net income
275

 
(110
)
 
165

Curtailments and settlements included in net income
51

 
(21
)
 
30

Curtailments and settlements included in distribution to Cable ONE
834

 
(333
)
 
501

 
(219,800
)
 
87,919

 
(131,881
)
Cash flow hedge:
 
 
 
 
 
Gain for the year
179

 
(71
)
 
108

Other Comprehensive Loss
$
(222,402
)
 
$
83,602

 
$
(138,800
)
The accumulated balances related to each component of other comprehensive income (loss) are as follows:
(in thousands, net of taxes)
Cumulative
Foreign
Currency
Translation
Adjustment
 
Unrealized Gain
on Available-for-
Sale Securities
 
Unrealized Gain
on Pensions
and Other
Postretirement
Plans
 
Cash Flow
Hedge
 
Accumulated
Other
Comprehensive
Income
As of December 31, 2015
$
(4,849
)
 
$
58,500

 
$
261,029

 
$

 
$
314,680

Other comprehensive (loss) income before reclassifications
(22,149
)
 
33,304

 
(80,349
)
 
(290
)
 
(69,484
)
Net amount reclassified from accumulated other comprehensive income

 
1,127

 
(9,850
)
 
13

 
(8,710
)
Net other comprehensive (loss) income
(22,149
)
 
34,431

 
(90,199
)
 
(277
)
 
(78,194
)
As of December 31, 2016
(26,998
)
 
92,931

 
170,830

 
(277
)
 
236,486

Other comprehensive income (loss) before reclassifications
33,175

 
67,252

 
131,108

 
(29
)
 
231,506

Net amount reclassified from accumulated other comprehensive income
137

 

 
(3,629
)
 
122

 
(3,370
)
Net other comprehensive income
33,312

 
67,252

 
127,479

 
93

 
228,136

Reclassification of stranded tax effects to retained earnings as a result of tax reform

 
34,706

 
36,227

 

 
70,933

As of December 31, 2017
$
6,314

 
$
194,889

 
$
334,536

 
$
(184
)
 
$
535,555



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