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Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2019 and 2018 were as follows:
| Three Months Ended |  | Three Months Ended
| September 30, 2019 |  | September 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 |  | $ | 513 |  | $ | (148) |  | $ | 365
Foreign currency translation adjustments |  | (590) |  |  | 140 |  |  | (450) |  |  | 519 |  |  | (143) |  |  | 376
Unrealized gain (loss) in fair value of investments |  | 328 |  |  | (72) |  |  | 256 |  |  | (173) |  |  | 44 |  |  | (129)
Total other comprehensive income (loss) |  | 202 |  |  | (65) |  |  | 137 |  |  | 859 |  |  | (247) |  |  | 612
Less: Other comprehensive income attributable to noncontrolling interests(a) |  | (99) |  |  | — |  |  | (99) |  |  | — |  |  | — |  |  | —
Total other comprehensive income (loss) attributable to Tutor Perini Corporation | $ | 301 |  | $ | (65) |  | $ | 236 |  | $ | 859 |  | $ | (247) |  | $ | 612
____________________________________________________________________________________________________ (a)The only component of other comprehensive income attributable to noncontrolling interests is foreign currency translation.
| Nine Months Ended |  | Nine Months Ended
| September 30, 2019 |  | September 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 | $ | 1,390 |  | $ | (398) |  | $ | 992 |  | $ | 1,539 |  | $ | (439) |  | $ | 1,100
Foreign currency translation adjustment |  | 961 |  |  | (253) |  |  | 708 |  |  | (2,034) |  |  | 602 |  |  | (1,432)
Unrealized gain (loss) in fair value of investments |  | 2,053 |  |  | (438) |  |  | 1,615 |  |  | (1,468) |  |  | 325 |  |  | (1,143)
Total other comprehensive income (loss) |  | 4,404 |  |  | (1,089) |  |  | 3,315 |  |  | (1,963) |  |  | 488 |  |  | (1,475)
Less: Other comprehensive income (loss) attributable to noncontrolling interests(a) |  | 160 |  |  | — |  |  | 160 |  |  | — |  |  | — |  |  | —
Total other comprehensive income (loss) attributable to Tutor Perini Corporation | $ | 4,244 |  | $ | (1,089) |  | $ | 3,155 |  | $ | (1,963) |  | $ | 488 |  | $ | (1,475)
____________________________________________________________________________________________________ (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 nine months ended September 30, 2019 were as follows:
| Three Months Ended September 30, 2019
| Defined |  |  |  | Unrealized |  | Accumulated
| Benefit |  | Foreign |  | Gain in |  | Other
| Pension |  | Currency |  | Fair Value of |  | Comprehensive
(in thousands) | Plan |  | Translation |  | Investments, Net |  | Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |  |  |  |  |  |  |  |
Balance as of June 30, 2019 | $ | (38,009) |  | $ | (5,416) |  | $ | 895 |  | $ | (42,530)
Other comprehensive income (loss) before reclassifications |  | — |  |  | (351) |  |  | 254 |  |  | (97)
Amounts reclassified from AOCI |  | 331 |  |  | — |  |  | 2 |  |  | 333
Total other comprehensive income |  | 331 |  |  | (351) |  |  | 256 |  |  | 236
Balance as of September 30, 2019 | $ | (37,678) |  | $ | (5,767) |  | $ | 1,151 |  | $ | (42,294)
| Nine Months Ended September 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 |  | — |  |  | 548 |  |  | 1,633 |  |  | 2,181
Amounts reclassified from AOCI |  | 992 |  |  | — |  |  | (18) |  |  | 974
Total other comprehensive income |  | 992 |  |  | 548 |  |  | 1,615 |  |  | 3,155
Balance as of September 30, 2019 | $ | (37,678) |  | $ | (5,767) |  | $ | 1,151 |  | $ | (42,294)
The changes in AOCI balances by component (after tax) attributable to Tutor Perini Corporation during the three and nine months ended September 30, 2018 were as follows:
| Three Months Ended September 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 June 30, 2018 | $ | (38,706) |  | $ | (5,399) |  | $ | (700) |  | $ | (44,805)
Other comprehensive income (loss) before reclassifications |  | — |  |  | 376 |  |  | (145) |  |  | 231
Amounts reclassified from AOCI |  | 365 |  |  | — |  |  | 16 |  |  | 381
Total other comprehensive income (loss) |  | 365 |  |  | 376 |  |  | (129) |  |  | 612
Balance as of September 30, 2018 | $ | (38,341) |  | $ | (5,023) |  | $ | (829) |  | $ | (44,193)
| Nine Months Ended September 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 |  | — |  |  | (1,432) |  |  | (1,159) |  |  | (2,591)
Amounts reclassified from AOCI |  | 1,100 |  |  | — |  |  | 16 |  |  | 1,116
Total other comprehensive income (loss) |  | 1,100 |  |  | (1,432) |  |  | (1,143) |  |  | (1,475)
Balance as of September 30, 2018 | $ | (38,341) |  | $ | (5,023) |  | $ | (829) |  | $ | (44,193)

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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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