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SEC Filings

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


17.
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The other comprehensive income (loss) consists of the following components:
 
Year Ended December 31, 2017
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
33,175

 
$

 
$
33,175

Adjustment for sale of a business with foreign operations
137

 

 
137

 
33,312

 

 
33,312

Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
112,086

 
(44,834
)
 
67,252

Pension and other postretirement plans:
 
 
 
 
 
Actuarial gain
179,674

 
(48,511
)
 
131,163

Prior service cost
(75
)
 
20

 
(55
)
Amortization of net actuarial gain included in net income
(6,527
)
 
2,612

 
(3,915
)
Amortization of net prior service cost included in net income
477

 
(191
)
 
286

 
173,549

 
(46,070
)
 
127,479

Cash flow hedge:
 
 
 
 
 
Gain for the year
112

 
(19
)
 
93

Other Comprehensive Income
$
319,059

 
$
(90,923
)
 
$
228,136

 
Year Ended December 31, 2016
 
Before-Tax
 
Income
 
After-Tax
(in thousands)
Amount
 
Tax
 
Amount
Foreign currency translation adjustments:
 
 
 
 
 
Translation adjustments arising during the year
$
(22,149
)
 
$

 
$
(22,149
)
Unrealized gains on available-for-sale securities:
 
 
 
 
 
Unrealized gains for the year
55,507

 
(22,203
)
 
33,304

Reclassification adjustment for net realized loss on sale of available-for-sale securities included in net income
1,879

 
(752
)
 
1,127

 
57,386

 
(22,955
)
 
34,431

Pension and other postretirement plans:
 
 
 
 
 
Actuarial loss
(133,915
)
 
53,566

 
(80,349
)
Amortization of net actuarial loss included in net income
1,157

 
(463
)
 
694

Amortization of net prior service cost included in net income
419

 
(167
)
 
252

Curtailments and settlements included in net income
(17,993
)
 
7,197

 
(10,796
)
 
(150,332
)
 
60,133

 
(90,199
)
Cash flow hedge:
 
 
 
 
 
Loss for the year
(334
)
 
57

 
(277
)
Other Comprehensive Loss
$
(115,429
)
 
$
37,235

 
$
(78,194
)

111