XML 40 R23.htm IDEA: XBRL DOCUMENT
v3.20.1

Other Comprehensive Income (Loss) | 3 Months Ended
--- | ---
Mar. 31, 2020
Other Comprehensive Income (Loss) [Abstract] |
Other Comprehensive Income (Loss) | (17) Other Comprehensive Income (Loss) ASC 220, Comprehensive Income, establishes standards for reporting 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 components of other comprehensive income (loss) and the related tax effects for the three months ended March 31, 2020 and 2019 were as follows:
| Three Months Ended |  | Three Months Ended
| March 31, 2020 |  | March 31, 2019
(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 | $ | 591 |  | $ | (168) |  | $ | 423 |  | $ | 463 |  | $ | (133) |  | $ | 330
Foreign currency translation adjustments |  | (4,927) |  |  | 914 |  |  | (4,013) |  |  | 479 |  |  | (131) |  |  | 348
Unrealized gain in fair value of investments |  | 757 |  |  | (215) |  |  | 542 |  |  | 858 |  |  | (185) |  |  | 673
Total other comprehensive income (loss) |  | (3,579) |  |  | 531 |  |  | (3,048) |  |  | 1,800 |  |  | (449) |  |  | 1,351
Less: Other comprehensive income (loss) attributable to noncontrolling interests(a) |  | (2,020) |  |  | — |  |  | (2,020) |  |  | 102 |  |  | — |  |  | 102
Total other comprehensive income (loss) attributable to Tutor Perini Corporation | $ | (1,559) |  | $ | 531 |  | $ | (1,028) |  | $ | 1,698 |  | $ | (449) |  | $ | 1,249
(a)The only component of other comprehensive income (loss) 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 months ended March 31, 2020 and 2019 were as follows:
| Three Months Ended March 31, 2020
| 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, 2019 | $ | (37,826) |  | $ | (5,371) |  | $ | 1,097 |  | $ | (42,100)
Other comprehensive income (loss) before reclassifications |  | — |  |  | (1,993) |  |  | 546 |  |  | (1,447)
Amounts reclassified from AOCI |  | 423 |  |  | — |  |  | (4) |  |  | 419
Total other comprehensive income (loss) |  | 423 |  |  | (1,993) |  |  | 542 |  |  | (1,028)
Balance as of March 31, 2020 | $ | (37,403) |  | $ | (7,364) |  | $ | 1,639 |  | $ | (43,128)
Attributable to Tutor Perini Corporation: |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (38,670) |  | $ | (6,315) |  | $ | (464) |  | $ | (45,449)
Other comprehensive income before reclassifications |  | — |  |  | 246 |  |  | 665 |  |  | 911
Amounts reclassified from AOCI |  | 330 |  |  | — |  |  | 8 |  |  | 338
Total other comprehensive income |  | 330 |  |  | 246 |  |  | 673 |  |  | 1,249
Balance as of March 31, 2019 | $ | (38,340) |  | $ | (6,069) |  | $ | 209 |  | $ | (44,200)

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration