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Accumulated Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Note 10 – Accumulated Other Comprehensive Income (Loss) The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows:
|  | Pension and other post-retirement actuarial items |  |  | Currency translation adjustment |  |  | Unrealized gain (loss) on available-for-sale securities |  |  | Total |
Balance at January 1, 2016 |  | $ | (136,422 | ) |  | $ | 4,597 |  |  | $ | 498 |  |  | $ | (131,327 | )
Other comprehensive income before reclassifications |  |  | (32,398 | ) |  |  | (35,863 | ) |  |  | 941 |  |  | $ | (67,320 | )
Tax effect |  |  | 9,815 |  |  |  | - |  |  |  | (329 | ) |  | $ | 9,486 |
Other comprehensive income before reclassifications, net of tax |  |  | (22,583 | ) |  |  | (35,863 | ) |  |  | 612 |  |  | $ | (57,834 | )
Amounts reclassified out of AOCI |  |  | 91,014 |  |  |  | - |  |  |  | - |  |  | $ | 91,014 |
Tax effect |  |  | 3,495 |  |  |  | - |  |  |  | - |  |  | $ | 3,495 |
Amounts reclassified out of AOCI, net of tax |  |  | 94,509 |  |  |  | - |  |  |  | - |  |  | $ | 94,509 |
Net comprehensive income (loss) |  | $ | 71,926 |  |  | $ | (35,863 | ) |  | $ | 612 |  |  | $ | 36,675 |
Balance at December 31, 2016 |  | $ | (64,496 | ) |  | $ | (31,266 | ) |  | $ | 1,110 |  |  | $ | (94,652 | )
Other comprehensive income before reclassifications |  |  | (15,671 | ) |  |  | 124,220 |  |  |  | 1,881 |  |  | $ | 110,430 |
Tax effect |  |  | 4,373 |  |  |  | - |  |  |  | (659 | ) |  | $ | 3,714 |
Other comprehensive income before reclassifications, net of tax |  |  | (11,298 | ) |  |  | 124,220 |  |  |  | 1,222 |  |  | $ | 114,144 |
Amounts reclassified out of AOCI |  |  | 9,147 |  |  |  | - |  |  |  | (817 | ) |  | $ | 8,330 |
Tax effect |  |  | (2,394 | ) |  |  | - |  |  |  | 286 |  |  | $ | (2,108 | )
Amounts reclassified out of AOCI, net of tax |  |  | 6,753 |  |  |  | - |  |  |  | (531 | ) |  | $ | 6,222 |
Net comprehensive income (loss) |  | $ | (4,545 | ) |  | $ | 124,220 |  |  | $ | 691 |  |  | $ | 120,366 |
Balance at December 31, 2017 |  | $ | (69,041 | ) |  | $ | 92,954 |  |  | $ | 1,801 |  |  | $ | 25,714 |
Cumulative effect of accounting for adoption of ASU 2016-01 |  |  | - |  |  |  | - |  |  |  | (1,801 | ) |  |  | (1,801 | )
Other comprehensive income before reclassifications |  |  | 5,617 |  |  |  | (41,454 | ) |  |  | - |  |  | $ | (35,837 | )
Tax effect |  |  | (1,032 | ) |  |  | - |  |  |  | - |  |  | $ | (1,032 | )
Other comprehensive income before reclassifications, net of tax |  |  | 4,585 |  |  |  | (41,454 | ) |  |  | - |  |  | $ | (36,869 | )
Amounts reclassified out of AOCI |  |  | 8,343 |  |  |  | - |  |  |  | - |  |  | $ | 8,343 |
Tax effect |  |  | (2,178 | ) |  |  | - |  |  |  | - |  |  | $ | (2,178 | )
Amounts reclassified out of AOCI, net of tax |  |  | 6,165 |  |  |  | - |  |  |  | - |  |  | $ | 6,165 |
Net comprehensive income (loss) |  | $ | 10,750 |  |  | $ | (41,454 | ) |  | $ | - |  |  | $ | (30,704 | )
Balance at December 31, 2018 |  | $ | (58,291 | ) |  | $ | 51,500 |  |  | $ | - |  |  | $ | (6,791 | )
The Company recognized a cumulative-effect adjustment to retained earnings (accumulated deficit) of $1,801 for the cumulative change in fair value of available-for-sale equity investments previously recognized in other comprehensive income due to the adoption of ASU 2016-01. See Note 1 for further information. The amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI as a result of sales of securities held by the Company's rabbi trust used to fund a deferred compensation plan was $817 and $0 for the years ended December 31, 2017 and 2016, respectively. These reclassifications are recorded as a component of compensation expense within Selling, General, and Administrative expenses on the accompanying consolidated statements of operations. The pre-tax amount of unrealized gains (losses) on available-for-sale securities reclassified out of AOCI as a result of sales of available-for-sale securities was $0 for the years ended December 31, 2017 and 2016. These reclassifications are recorded as a component of Other Income on the accompanying consolidated statements of operations. The tax effect of the reclassifications of unrealized gains (losses) on available-for-sale securities is recorded as a component of Income Tax Expense on the accompanying consolidated statements of operations. Reclassifications of pension and other post-retirement actuarial items out of AOCI, including the recognition of the settlement charge for the termination of the Vishay Retirement Plan in 2016, are included in the computation of net periodic benefit cost (see Note 11). Historically, valuation allowances were recorded against the deferred taxes associated with certain unrecognized pension and other postretirement actuarial items. Changes in estimates related to these valuation allowances are recorded in the statement of operations and do not affect accumulated other comprehensive income until the underlying pension or other postretirement benefit plan is extinguished. As a result of the termination and settlement of the Vishay Retirement Plan, the Company recorded $34,853 of additional income tax expense and the related reclassification adjustment in 2016 within accumulated other comprehensive income related to changes in estimates recorded in 2010. Other comprehensive income (loss) includes Vishay's proportionate share of other comprehensive income (loss) of nonconsolidated subsidiaries accounted for under the equity method.

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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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