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10-Q
GRAHAM HOLDINGS CO filed this Form 10-Q on 11/01/2017
Entire Document
 


GRAHAM HOLDINGS COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
  
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(in thousands)
2017
 
2016
 
2017
 
2016
Net Income
$
24,844

 
$
33,126

 
$
87,929

 
$
132,540

Other Comprehensive Income, Before Tax
  
 
  
 
 
 
  
Foreign currency translation adjustments:
  
 
  
 
 
 
  
Translation adjustments arising during the period
11,470

 
(353
)
 
34,776

 
(1,629
)
Unrealized gains on available-for-sale securities:
 
 
 
 
 
 
 
Unrealized gains for the period, net
47,836

 
12,154

 
71,370

 
7,190

Reclassification of realized gain on sale of available-for-sale securities included in net income

 

 

 
(6,256
)
  
47,836

 
12,154

 
71,370

 
934

Pension and other postretirement plans:
  
 
  
 
  
 
  
Amortization of net prior service cost included in net income
118

 
105

 
358

 
314

Amortization of net actuarial (gain) loss included in net income
(1,567
)
 
289

 
(4,958
)
 
868

  
(1,449
)
 
394

 
(4,600
)
 
1,182

Cash flow hedge (loss) gain
(72
)
 
49

 
(215
)
 
49

Other Comprehensive Income, Before Tax
57,785

 
12,244

 
101,331

 
536

Income tax expense related to items of other comprehensive income
(18,540
)
 
(5,039
)
 
(26,665
)
 
(866
)
Other Comprehensive Income (Loss), Net of Tax
39,245

 
7,205

 
74,666

 
(330
)
Comprehensive Income
64,089

 
40,331

 
162,595

 
132,210

Comprehensive income attributable to noncontrolling interests
(60
)
 

 
(63
)
 
(868
)
Total Comprehensive Income Attributable to Graham Holdings Company
$
64,029

 
$
40,331

 
$
162,532

 
$
131,342


See accompanying Notes to Condensed Consolidated Financial Statements.

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