Washington Post 2013 Annual Report Download - page 97

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Year Ended December 31, 2012
Before-Tax Income After-Tax
(in thousands) Amount Tax Amount
Foreign currency translation
adjustments
Translation adjustments arising
during the year ........... $ 5,622 $—$ 5,622
Adjustment for sales of businesses
with foreign operations ..... (888) —(888)
4,734 —4,734
Unrealized gains on available-
for-sale securities
Unrealized gains for the year . . . 33,098 (13,239) 19,859
Reclassification adjustment for
write-down on available-for-
sale securities, net of gain,
includedinnetincome ...... 17,226 (6,890) 10,336
50,324 (20,129) 30,195
Pension and other
postretirement plans
Actuarial gain .............. 82,470 (32,987) 49,483
Amortization of net actuarial loss
included in net income ...... 9,368 (3,746) 5,622
Amortization of net prior service
credit included in net
income ................. (1,859) 744 (1,115)
Other adjustments ........... (745) 299 (446)
89,234 (35,690) 53,544
Cash flow hedge
Loss for the year ............ (1,581) 633 (948)
Other Comprehensive
Income ................. $142,711 $(55,186) $87,525
Year Ended December 31, 2011
(in thousands) Before-Tax
Amount Income
Tax After-Tax
Amount
Foreign currency translation
adjustments
Translation adjustments arising
during the year ........... $(21,375) $ 5,107 $(16,268)
Unrealized gains on available-
for-sale securities
Unrealized losses for the year . . (37,708) 15,084 (22,624)
Reclassification adjustment for
write-down on available-for-
sale securities, net of gain,
includedinnetincome...... 53,793 (21,518) 32,275
16,085 (6,434) 9,651
Pension and other
postretirement plans
Actuarial loss .............. (16,048) 6,420 (9,628)
Amortization of net actuarial
gain included in net
income ................. (510) 204 (306)
Amortization of net prior service
credit included in net
income ................. (3,925) 1,570 (2,355)
Foreign affiliate pension
adjustments .............. 2,088 —2,088
(18,395) 8,194 (10,201)
Cash flow hedge
Gain for the year ........... 14 (6) 8
Other Comprehensive Loss .... $(23,671) $ 6,861 $(16,810)
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, 2011 ........................................... $21,338 $ 80,358 $ 63,625 $ 8 $165,329
Other comprehensive income (loss) before reclassifications .................... 5,622 19,859 49,037 (1,132) 73,386
Net amount reclassified from accumulated other comprehensive income .......... (888) 10,336 4,507 184 14,139
Net other comprehensive income (loss) .................................. 4,734 30,195 53,544 (948) 87,525
As of December 31, 2012 ........................................... 26,072 110,553 117,169 (940) 252,854
Other comprehensive income (loss) before reclassifications .............. (1,059) 57,378 383,249 (178) 439,390
Net amount reclassified from accumulated other comprehensive income .... — 5,732 1,028 490 7,250
Net other comprehensive income (loss) ............................. (1,059) 63,110 384,277 312 446,640
As of December 31, 2013 ....................................... $25,013 $173,663 $501,446 $ (628) $699,494
The amounts and line items of reclassifications out of Accumulated Other Comprehensive Income are as follows:
Year Ended December 31 Affected Line Item in the
Consolidated Statement of Operations(in thousands) 2013 2012 2011
Foreign Currency Translation Adjustments
Adjustment for sales of businesses with foreign operations . . . $—$ (888) $—Income (loss) from discontinued operations, net of tax
Unrealized Gains on Available-for-sale Securities
Write-downs on available-for-sale securities, net of gains . . . 9,554 17,226 53,793 Other expense, net
(3,822) (6,890) (21,518) Provision for Income Taxes
5,732 10,336 32,275 Net of Tax
Pension and Other Postretirement Plans
Amortization of net actuarial loss (gain) ................ 3,096 9,368 (510) (1)
Amortization of net prior service credit ................. (1,383) (1,859) (3,925) (1)
1,713 7,509 (4,435) Before tax
(685) (3,002) 1,774 Income Taxes
1,028 4,507 (2,661) Net of Tax
Cash Flow Hedge
816 306 (40) Interest expense
(326) (122) 16 Provision for Income Taxes
490 184 (24) Net of Tax
Total reclassification for the year .................. $ 7,250 $14,139 $ 29,590 Net of Tax
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement plan cost (see Note 14).
2013 FORM 10-K 79