Washington Post 2015 Annual Report Download - page 135

Download and view the complete annual report

Please find page 135 of the 2015 Washington Post annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

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) 2015 2014 2013
Foreign Currency Translation
Adjustments:
Adjustment for sales of businesses
with foreign operations ....... $ 5,501 $ (404) $ – (1)
Unrealized Gains on Available-for-
Sale Securities:
Realized (gain) loss for the year . . (4) (265,274) 9,554 Other (expense) income, net
2106,110 (3,822) (2)
(2) (159,164) 5,732 Net of tax
Pension and Other Postretirement
Plans:
Amortization of net actuarial
(gain) loss ................. (9,906) (29,412) 3,096 (3)
Amortization of net prior service
cost (credit) ................ 275 (407) (1,383) (3)
Curtailment gains .............. 51 – – (3)
(9,580) (29,819) 1,713 Before tax
3,831 11,928 (685) Income taxes
(5,749) (17,891) 1,028 Net of tax
Cash Flow Hedge
132 847 816 Interest expense
(53) (339) (326) Provision for income taxes
79 508 490 Net of tax
Total reclassification for the year ... $ (171) $(176,951) $ 7,250 Net of tax
(1) The amount for 2015 was recorded in other (expense) income, net and the amount for 2014 was recorded in income from discontinued
operations, net of tax.
(2) Benefits of $1.2 million were recorded in Provision for Income Taxes related to the realized loss for the year ended December 31, 2014.
The remaining $107.3 million for the year relates to the reversal of income taxes previously recorded on the unrealized gain of the
Company’s investment in Berkshire Hathaway Inc. marketable securities as part of the Berkshire exchange transaction, which qualified
as a tax-free distribution under IRC Section 355 and 361 (see Note 7). The amounts for 2015 and 2013 were recorded in Provision for
Income Taxes.
(3) These accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement
plan cost (see Note 14).
17. LEASES AND OTHER COMMITMENTS
The Company leases real property under operating agreements. Many of the leases contain renewal options and
escalation clauses that require payments of additional rent to the extent of increases in the related operating costs.
2015 FORM 10-K 120