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Equity
9 Months Ended
Sep. 30, 2015
Equity  
Equity

 

Note 6 - Equity

 

Accumulated Other Comprehensive Income (“AOCI”)

 

The following table presents the changes in the balances of each component of AOCI, net of tax:

 

 

 

Currency
translation
gain (loss)

 

Minimum
Pension Liability

 

Unrealized
Gains on
Available-for-
sale Securities

 

Total

 

 

 

(in thousands)

 

Balance at December 31, 2014

 

$

2,333

 

$

(881

)

$

17

 

$

1,469

 

Other comprehensive income (loss) before reclassifications

 

(93

)

 

9

 

(84

)

Amounts reclassified from AOCI

 

 

 

(1

)

(1

)

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

 

(93

)

 

8

 

(85

)

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2015

 

$

2,240

 

$

(881

)

$

25

 

$

1,384

 

 

Veeco did not allocate tax expense to other comprehensive income for the nine months ended September 30, 2015 as Veeco is in a full valuation allowance position such that a deferred tax asset related to amounts recognized in other comprehensive income is not regarded as realizable on a more-likely-than-not basis.