Groupon 2015 Annual Report Download - page 121

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GROUPON, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
115
Foreign
currency
translation
adjustments
Unrealized
gain (loss)
on
available-
for-sale
securities Pension
adjustments Total
Balance as of December 31, 2013 $ 24,952 $ (122) $ — $ 24,830
Other comprehensive income (loss) before reclassification
adjustments 11,812 (210)(1,500) 10,102
Reclassification adjustment included in net income (loss) — 831 — 831
Other comprehensive income (loss) 11,812 621 (1,500) 10,933
Balance as of December 31, 2014 36,764 499 (1,500) 35,763
Other comprehensive income (loss) before reclassification
adjustments 3,376 (41)(113) 3,222
Reclassification adjustments included in net income (loss) 12,121 — 100 12,221
Other comprehensive income (loss) 15,497 (41)(13) 15,443
Balance as of December 31, 2015 $ 52,261 $ 458 $ (1,513) $ 51,206
The effects of amounts reclassified from accumulated other comprehensive income to net loss for the years ended
December 31, 2015, 2014 and 2013 are presented within the following line items in the consolidated statements of operations (in
thousands):
Year Ended December 31, Consolidated Statements of
Operations Line Item2015 2014 2013
Foreign currency translation
adjustments
Gain (loss) on disposition - continuing
operations $ (906) $ — $ — Gain on disposition of business
Gain (loss) on country exits -
continuing operations 714 — — Other income (expense), net
Gain (loss) on disposition -
discontinued operations 12,313 — — Income (loss) from discontinued
operations, net of tax
Reclassification adjustments 12,121 — —
Unrealized gain (loss) on available-for-
sale securities
Other-than-temporary impairment of
available-for-sale security — 1,340 — Other income (expense), net
Less: Tax effect —(509) — Provision (benefit) for income
taxes
Reclassification adjustment — 831 —
Pension adjustments
Amortization of prior service costs and
actuarial gains (losses) 119 — — Selling, general and
administrative
Less: Tax effect (19) — — Provision (benefit) for income
taxes
Reclassification adjustment 100 — —
Total reclassification adjustments $ 12,221 $ 831 $ —
9. REVOLVING CREDIT AGREEMENT
In August 2014, the Company entered into a three-year senior secured revolving credit agreement (the "Credit Agreement")
that provides for aggregate principal borrowings of up to $250.0 million. Borrowings under the Credit Agreement bear interest,