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SEC Filings

10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 08/02/2017
Entire Document
 


GRAHAM HOLDINGS COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
  
Three Months Ended 
 June 30
 
Six Months Ended 
 June 30
(in thousands)
2017
 
2016
 
2017
 
2016
Net Income
$
41,999

 
$
61,199

 
$
63,085

 
$
99,414

Other Comprehensive Income, Before Tax
  
 
  
 
 
 
  
Foreign currency translation adjustments:
  
 
  
 
 
 
  
Translation adjustments arising during the period
9,638

 
(5,121
)
 
23,306

 
(1,276
)
Unrealized gains (losses) on available-for-sale securities:
 
 
 
 
 
 
 
Unrealized gains (losses) for the period, net
13,976

 
(5,307
)
 
23,534

 
(4,964
)
Reclassification of realized gain on sale of available-for-sale securities included in net income

 
(4,502
)
 

 
(6,256
)
  
13,976

 
(9,809
)
 
23,534

 
(11,220
)
Pension and other postretirement plans:
  
 
  
 
  
 
  
Amortization of net prior service cost included in net income
120

 
105

 
240

 
209

Amortization of net actuarial (gain) loss included in net income
(1,568
)
 
289

 
(3,391
)
 
579

  
(1,448
)
 
394

 
(3,151
)
 
788

Cash flow hedge loss
(19
)
 

 
(143
)
 

Other Comprehensive Income (Loss), Before Tax
22,147

 
(14,536
)
 
43,546

 
(11,708
)
Income tax (expense) benefit related to items of other comprehensive income (loss)
(5,008
)
 
3,766

 
(8,125
)
 
4,173

Other Comprehensive Income (Loss), Net of Tax
17,139

 
(10,770
)
 
35,421

 
(7,535
)
Comprehensive Income
59,138

 
50,429

 
98,506

 
91,879

Comprehensive income attributable to noncontrolling interests
(3
)
 
(433
)
 
(3
)
 
(868
)
Total Comprehensive Income Attributable to Graham Holdings Company
$
59,135

 
$
49,996

 
$
98,503

 
$
91,011


See accompanying Notes to Condensed Consolidated Financial Statements.

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