TOTAL SYSTEM SERVICES INC | 2013 | FY | 3


NOTE 20 Other Comprehensive Income (Loss)

Comprehensive income (loss) for TSYS consists of net income, cumulative foreign currency translation adjustments, unrealized gain on available for sale securities and the recognition of an overfunded or underfunded status of a defined benefit postretirement plan recorded as a component of shareholders’ equity. The income tax effects allocated to and the cumulative balance of each component of accumulated other comprehensive income (loss) are as follows:

 

 

 

(in thousands)    Beginning
Balance
    Pretax
amount
    Tax
effect
    Net-of-tax
Amount
    Ending
Balance
 

As of December 31, 2010

   $ 5,673        (9,747     (1,489     (8,258   $ (2,585
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Foreign currency translation adjustments

   $ (1,242     3,718        2,662        1,056      $ (186

Transfer from noncontrolling interest (NCI)

            28               28        28   

Change in accumulated other comprehensive income (OCI) related to postretirement healthcare plans

     (1,343     1,651        595        1,056        (287
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

As of December 31, 2011

   $ (2,585     5,397        3,257        2,140      $ (445

Foreign currency translation adjustments

   $ (186     4,875        1,357        3,518      $ 3,332   

Transfer from NCI

     28                             28   

Change in accumulated OCI related to postretirement healthcare plans

     (287     (2,603     (938     (1,665     (1,952
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

As of December 31, 2012

   $ (445     2,272        419        1,853      $ 1,408   

Foreign currency translation adjustments

   $ 3,332        (295     1,033        (1,328   $ 2,004   

Transfer from NCI

     28                             28   

Gain on available for sale securities

            2,810        1,037        1,773        1,773   

Change in accumulated OCI related to postretirement healthcare plans

     (1,952     1,926        30        1,896        (56
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

As of December 31, 2013

   $ 1,408        4,441        2,100        2,341      $ 3,749   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

Consistent with its overall strategy of pursuing international investment opportunities, TSYS adopted the permanent reinvestment exception under ASC 740, “Income Taxes,” with respect to future earnings of certain foreign subsidiaries. Its decision to permanently reinvest foreign earnings offshore means TSYS will no longer allocate taxes to foreign currency translation adjustments associated with these foreign subsidiaries accumulated in other comprehensive income.


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