Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income, Net of Income Taxes

The components of accumulated other comprehensive income as of March 31, 2018, by component, net of income taxes consisted of the following (in thousands):

 

     Unrealized
gains and
(losses) of
available-for-
sale securities
     Foreign
currency
translation (3)
     Total  

Beginning balance, December 31, 2017

   $ (62    $ 1,002      $ 940  

Cumulative effect of change in accounting principle (1)

     (13      —          (13
  

 

 

    

 

 

    

 

 

 

Balance at January 1, 2018, as adjusted

     (75      1,002        927  
  

 

 

    

 

 

    

 

 

 

Other comprehensive (loss) income before reclassifications

     (492      39        (453

Amounts reclassified from accumulated other comprehensive (loss) income (2)

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive (loss) income

     (492      39        (453
  

 

 

    

 

 

    

 

 

 

Ending balance, March 31, 2018

   $ (567    $ 1,041      $ 474  
  

 

 

    

 

 

    

 

 

 

 

(1) Relates to reclassification of stranded tax effects from accumulated other comprehensive income to retained earnings as a result of adoption of ASU 2018-02. See Note 2 – “Accounting Policies and Recent Accounting Pronouncements” for additional information.
(2) Included as a component of other income (expense), net in the condensed consolidated statements of net and comprehensive income. The reclassifications were determined on a specific identification basis.
(3) The Company has not provided for U.S. taxes on unremitted earnings of its foreign subsidiary as it is operating at a loss and has no earnings and profits to remit. As a result, deferred taxes were not provided related to the cumulative foreign currency translation adjustments.