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Other Comprehensive Income (Loss) | 6 Months Ended
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Jun. 30, 2019
Other Comprehensive Income (Loss) [Abstract] |
Other Comprehensive Income (Loss) | (17) Other Comprehensive Income (Loss) ASC 220, Comprehensive Income, establishes standards for reporting and displaying comprehensive income and its components in the consolidated financial statements. The Company reports the change in pension benefit plan assets/liabilities, cumulative foreign currency translation and change in fair value of investments as components of accumulated other comprehensive income (loss) (“AOCI”). The tax effects of the components of other comprehensive income (loss) for the three and six months ended June 30, 2019 and 2018 were as follows:
| Three Months Ended |  | Three Months Ended
| June 30, 2019 |  | June 30, 2018
(in thousands) | Before-Tax Amount |  | Tax (Expense) Benefit |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax (Expense) Benefit |  | Net-of-Tax Amount
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Defined benefit pension plan adjustments | $ | 464 |  | $ | (133) |  | $ | 331 |  | $ | 494 |  | $ | (140) |  | $ | 354
Foreign currency translation adjustments |  | 1,072 |  |  | (262) |  |  | 810 |  |  | (914) |  |  | 280 |  |  | (634)
Unrealized gain (loss) in fair value of investments |  | 867 |  |  | (181) |  |  | 686 |  |  | (1,176) |  |  | 247 |  |  | (929)
Total other comprehensive income (loss) |  | 2,403 |  |  | (576) |  |  | 1,827 |  |  | (1,596) |  |  | 387 |  |  | (1,209)
Less: Other comprehensive income attributable to noncontrolling interests(a) |  | 157 |  |  | — |  |  | 157 |  |  | — |  |  | — |  |  | —
Total other comprehensive income (loss) attributable to Tutor Perini Corporation | $ | 2,246 |  | $ | (576) |  | $ | 1,670 |  | $ | (1,596) |  | $ | 387 |  | $ | (1,209)
(a)The only component of other comprehensive income attributable to noncontrolling interests is foreign currency translation.
| Six Months Ended |  | Six Months Ended
| June 30, 2019 |  | June 30, 2018
(in thousands) | Before-Tax Amount |  | Tax (Expense) Benefit |  | Net-of-Tax Amount |  | Before-Tax Amount |  | Tax (Expense) Benefit |  | Net-of-Tax Amount
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Defined benefit pension plan adjustments | $ | 926 |  | $ | (265) |  | $ | 661 |  | $ | 1,026 |  | $ | (291) |  | $ | 735
Foreign currency translation adjustment |  | 1,551 |  |  | (393) |  |  | 1,158 |  |  | (2,553) |  |  | 745 |  |  | (1,808)
Unrealized gain (loss) in fair value of investments |  | 1,725 |  |  | (366) |  |  | 1,359 |  |  | (1,295) |  |  | 281 |  |  | (1,014)
Total other comprehensive income (loss) |  | 4,202 |  |  | (1,024) |  |  | 3,178 |  |  | (2,822) |  |  | 735 |  |  | (2,087)
Less: Other comprehensive income (loss) attributable to noncontrolling interests(a) |  | 259 |  |  | — |  |  | 259 |  |  | — |  |  | — |  |  | —
Total other comprehensive income (loss) attributable to Tutor Perini Corporation | $ | 3,943 |  | $ | (1,024) |  | $ | 2,919 |  | $ | (2,822) |  | $ | 735 |  | $ | (2,087)
(a)The only component of other comprehensive income attributable to noncontrolling interests is foreign currency translation. The changes in AOCI balances by component (after tax) attributable to Tutor Perini Corporation during the three and six months ended June 30, 2019 were as follows:
| Three Months Ended June 30, 2019
| Defined |  |  |  | Unrealized |  | Accumulated
| Benefit |  | Foreign |  | Gain (Loss) in |  | Other
| Pension |  | Currency |  | Fair Value of |  | Comprehensive
(in thousands) | Plan |  | Translation |  | Investments, Net |  | Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |  |  |  |  |  |  |  |
Balance as of March 31, 2019 | $ | (38,340) |  | $ | (6,069) |  | $ | 209 |  | $ | (44,200)
Other comprehensive income before reclassifications |  | — |  |  | 653 |  |  | 714 |  |  | 1,367
Amounts reclassified from AOCI |  | 331 |  |  | — |  |  | (28) |  |  | 303
Total other comprehensive income |  | 331 |  |  | 653 |  |  | 686 |  |  | 1,670
Balance as of June 30, 2019 | $ | (38,009) |  | $ | (5,416) |  | $ | 895 |  | $ | (42,530)
| Six Months Ended June 30, 2019
| Defined |  |  |  | Unrealized |  | Accumulated
| Benefit |  | Foreign |  | Gain (Loss) in |  | Other
| Pension |  | Currency |  | Fair Value of |  | Comprehensive
(in thousands) | Plan |  | Translation |  | Investments, Net |  | Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (38,670) |  | $ | (6,315) |  | $ | (464) |  | $ | (45,449)
Other comprehensive income before reclassifications |  | — |  |  | 899 |  |  | 1,379 |  |  | 2,278
Amounts reclassified from AOCI |  | 661 |  |  | — |  |  | (20) |  |  | 641
Total other comprehensive income |  | 661 |  |  | 899 |  |  | 1,359 |  |  | 2,919
Balance as of June 30, 2019 | $ | (38,009) |  | $ | (5,416) |  | $ | 895 |  | $ | (42,530)
The changes in AOCI balances by component (after tax) attributable to Tutor Perini Corporation during the three and six months ended June 30, 2018 were as follows:
| Three Months Ended June 30, 2018
| Defined |  |  |  | Unrealized |  | Accumulated
| Benefit |  | Foreign |  | Gain (Loss) in |  | Other
| Pension |  | Currency |  | Fair Value of |  | Comprehensive
(in thousands) | Plan |  | Translation |  | Investments, Net |  | Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |  |  |  |  |  |  |  |
Balance as of March 31, 2018 | $ | (39,060) |  | $ | (4,765) |  | $ | 229 |  | $ | (43,596)
Other comprehensive loss before reclassifications |  | — |  |  | (634) |  |  | (929) |  |  | (1,563)
Amounts reclassified from AOCI |  | 354 |  |  | — |  |  | — |  |  | 354
Total other comprehensive income (loss) |  | 354 |  |  | (634) |  |  | (929) |  |  | (1,209)
Balance as of June 30, 2018 | $ | (38,706) |  | $ | (5,399) |  | $ | (700) |  | $ | (44,805)
| Six Months Ended June 30, 2018
| Defined |  |  |  | Unrealized |  | Accumulated
| Benefit |  | Foreign |  | Gain (Loss) in |  | Other
| Pension |  | Currency |  | Value of |  | Comprehensive
(in thousands) | Plan |  | Translation |  | Investments, Net |  | Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2017 | $ | (39,441) |  | $ | (3,591) |  | $ | 314 |  | $ | (42,718)
Other comprehensive loss before reclassifications |  | — |  |  | (1,808) |  |  | (1,014) |  |  | (2,822)
Amounts reclassified from AOCI |  | 735 |  |  | — |  |  | — |  |  | 735
Total other comprehensive income (loss) |  | 735 |  |  | (1,808) |  |  | (1,014) |  |  | (2,087)
Balance as of June 30, 2018 | $ | (38,706) |  | $ | (5,399) |  | $ | (700) |  | $ | (44,805)

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- References No definition available. + Details
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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