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Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Components of Other Comprehensive Income (Loss) and Related Tax Effects | The components of other comprehensive income (loss) and the related tax effects for the three and nine months ended September 30, 2022 and 2021 were as follows:
| Three Months Ended September 30, 2022 |  | Three Months Ended September 30, 2021
(in thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount |  | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount
Other comprehensive loss: |  |  |  |  |  |  |
Defined benefit pension plan adjustments | $ | 639 |  | $ | (181) |  | $ | 458 |  |  | $ | 683 |  | $ | (191) |  | $ | 492 |
Foreign currency translation adjustments | (3,016) |  | 489 |  | (2,527) |  |  | (1,389) |  | 264 |  | (1,125) |
Unrealized loss in fair value of investments | (3,188) |  | 678 |  | (2,510) |  |  | (581) |  | 133 |  | (448) |
Total other comprehensive loss | (5,565) |  | 986 |  | (4,579) |  |  | (1,287) |  | 206 |  | (1,081) |
Less: Other comprehensive loss attributable to noncontrolling interests | (1,525) |  | — |  | (1,525) |  |  | (447) |  | — |  | (447) |
Total other comprehensive loss attributable to Tutor Perini Corporation | $ | (4,040) |  | $ | 986 |  | $ | (3,054) |  |  | $ | (840) |  | $ | 206 |  | $ | (634) |
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
(in thousands) | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount |  | Before-Tax Amount | Tax (Expense) Benefit | Net-of-Tax Amount
Other comprehensive loss: |  |  |  |  |  |  |
Defined benefit pension plan adjustments | $ | 1,916 |  | $ | (543) |  | $ | 1,373 |  |  | $ | 2,049 |  | $ | (574) |  | $ | 1,475 |
Foreign currency translation adjustments | (4,458) |  | 798 |  | (3,660) |  |  | (541) |  | 188 |  | (353) |
Unrealized loss in fair value of investments | (11,086) |  | 2,314 |  | (8,772) |  |  | (1,828) |  | 416 |  | (1,412) |
Total other comprehensive loss | (13,628) |  | 2,569 |  | (11,059) |  |  | (320) |  | 30 |  | (290) |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | (2,677) |  | — |  | (2,677) |  |  | 129 |  | — |  | 129 |
Total other comprehensive loss attributable to Tutor Perini Corporation | $ | (10,951) |  | $ | 2,569 |  | $ | (8,382) |  |  | $ | (449) |  | $ | 30 |  | $ | (419) |
Schedule of Changes in AOCI Balances by Component (After-Tax) | The changes in AOCI balances by component (after tax) attributable to Tutor Perini Corporation and attributable to noncontrolling interests during the three and nine months ended September 30, 2022 were as follows:
| Three Months Ended September 30, 2022
(in thousands) | Defined Benefit Pension Plan | Foreign Currency Translation | Unrealized Gain (Loss) in Fair Value of Investments, Net | Accumulated Other Comprehensive Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |
Balance as of June 30, 2022 | $ | (36,951) |  | $ | (6,568) |  | $ | (5,444) |  | $ | (48,963) |
Other comprehensive loss before reclassifications | — |  | (1,238) |  | (2,337) |  | (3,575) |
Amounts reclassified from AOCI | 458 |  | — |  | 63 |  | 521 |
Total other comprehensive income (loss) | 458 |  | (1,238) |  | (2,274) |  | (3,054) |
Balance as of September 30, 2022 | $ | (36,493) |  | $ | (7,806) |  | $ | (7,718) |  | $ | (52,017) |
Attributable to Noncontrolling Interests: |  |  |  |
Balance as of June 30, 2022 | $ | — |  | $ | 190 |  | $ | (800) |  | $ | (610) |
Other comprehensive loss | — |  | (1,289) |  | (236) |  | (1,525) |
Balance as of September 30, 2022 | $ | — |  | $ | (1,099) |  | $ | (1,036) |  | $ | (2,135) |
| Nine Months Ended September 30, 2022
(in thousands) | Defined Benefit Pension Plan | Foreign Currency Translation | Unrealized Gain (Loss) in Fair Value of Investments, Net | Accumulated Other Comprehensive Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |
Balance as of December 31, 2021 | $ | (37,866) |  | $ | (5,787) |  | $ | 18 |  | $ | (43,635) |
Other comprehensive loss before reclassifications | — |  | (2,019) |  | (7,832) |  | (9,851) |
Amounts reclassified from AOCI | 1,373 |  | — |  | 96 |  | 1,469 |
Total other comprehensive income (loss) | 1,373 |  | (2,019) |  | (7,736) |  | (8,382) |
Balance as of September 30, 2022 | $ | (36,493) |  | $ | (7,806) |  | $ | (7,718) |  | $ | (52,017) |
Attributable to Noncontrolling Interests: |  |  |  |
Balance as of December 31, 2021 | $ | — |  | $ | 542 |  | $ | — |  | $ | 542 |
Other comprehensive loss | — |  | (1,641) |  | (1,036) |  | (2,677) |
Balance as of September 30, 2022 | $ | — |  | $ | (1,099) |  | $ | (1,036) |  | $ | (2,135) |
The changes in AOCI balances by component (after tax) attributable to Tutor Perini Corporation and attributable to noncontrolling interests during the three and nine months ended September 30, 2021 were as follows:
| Three Months Ended September 30, 2021
(in thousands) | Defined Benefit Pension Plan | Foreign Currency Translation | Unrealized Gain (Loss) in Fair Value of Investments, Net | Accumulated Other Comprehensive Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |
Balance as of June 30, 2021 | $ | (43,104) |  | $ | (5,126) |  | $ | 1,704 |  | $ | (46,526) |
Other comprehensive loss before reclassifications | — |  | (678) |  | (391) |  | (1,069) |
Amounts reclassified from AOCI | 492 |  | — |  | (57) |  | 435 |
Total other comprehensive income (loss) | 492 |  | (678) |  | (448) |  | (634) |
Balance as of September 30, 2021 | $ | (42,612) |  | $ | (5,804) |  | $ | 1,256 |  | $ | (47,160) |
Attributable to Noncontrolling Interests: |  |  |  |
Balance as of June 30, 2021 | $ | — |  | $ | 978 |  | $ | — |  | $ | 978 |
Other comprehensive loss | — |  | (447) |  | — |  | (447) |
Balance as of September 30, 2021 | $ | — |  | $ | 531 |  | $ | — |  | $ | 531 |
| Nine Months Ended September 30, 2021
(in thousands) | Defined Benefit Pension Plan | Foreign Currency Translation | Unrealized Gain (Loss) in Fair Value of Investments, Net | Accumulated Other Comprehensive Income (Loss)
Attributable to Tutor Perini Corporation: |  |  |  |
Balance as of December 31, 2020 | $ | (44,087) |  | $ | (5,322) |  | $ | 2,668 |  | $ | (46,741) |
Other comprehensive loss before reclassifications | — |  | (482) |  | (1,218) |  | (1,700) |
Amounts reclassified from AOCI | 1,475 |  | — |  | (194) |  | 1,281 |
Total other comprehensive income (loss) | 1,475 |  | (482) |  | (1,412) |  | (419) |
Balance as of September 30, 2021 | $ | (42,612) |  | $ | (5,804) |  | $ | 1,256 |  | $ | (47,160) |
Attributable to Noncontrolling Interests: |  |  |  |
Balance as of December 31, 2020 | $ | — |  | $ | 402 |  | $ | — |  | $ | 402 |
Other comprehensive income | — |  | 129 |  | — |  | 129 |
Balance as of September 30, 2021 | $ | — |  | $ | 531 |  | $ | — |  | $ | 531 |
The significant items reclassified out of AOCI and the corresponding location and impact on the Condensed Consolidated Statements of Operations during the three and nine months ended September 30, 2022 and 2021 were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2022 | 2021 |  | 2022 | 2021
Component of AOCI: |  |  |  |  |
Defined benefit pension plan adjustments(a) | $ | 639 |  | $ | 683 |  |  | $ | 1,916 |  | $ | 2,049 |
Income tax benefit(b) | (181) |  | (191) |  |  | (543) |  | (574) |
Net of tax | $ | 458 |  | $ | 492 |  |  | $ | 1,373 |  | $ | 1,475 |
Unrealized (gain) loss in fair value of investment adjustments(a) | $ | 79 |  | $ | (73) |  |  | $ | 121 |  | $ | (246) |
Income tax expense (benefit)(b) | (16) |  | 16 |  |  | (25) |  | 52 |
Net of tax | $ | 63 |  | $ | (57) |  |  | $ | 96 |  | $ | (194) |
___________________________________________________________________________________________________ (a)Amount included in other income (expense) on the Condensed Consolidated Statements of Operations. (b)Amounts included in income tax (expense) benefit on the Condensed Consolidated Statements of Operations.

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580 + Details
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