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NTG » Topics » (17) Comprehensive Income

These excerpts taken from the NTG 10-K filed Mar 2, 2009.

(12) Comprehensive Income

Comprehensive income includes all changes in stockholders’ equity during the period except those resulting from investments by owners and distributions to owners.

Comprehensive income included the following:

 

     For the Year Ended December 31,  
     2008      2007  
     (in thousands)  

Net income

    $ 35,097      $ 46,325  

Foreign currency translation adjustment, net of tax

      (12,196 )      3,534  

Postretirement benefit, net of tax

      (564 )      (404 )

Adjustment related to postretirement benefit plan amendments, net of tax

      734        1,223  
                 

Total comprehensive income

    $ 23,071      $ 50,678  
                 

The actuarially determined postretirement benefit to be amortized from AOCI associated with the adoption of FAS 158 was:

 

     For the Year
2008		  
     (in thousands)  

Prior service cost

    $ (1,775 )

Unrecognized net actuarial gain

      889  
        

Total postretirement benefit amortized

    $ (886 )

Tax effect

      322  
        

Total postretirement benefit amortized, net of tax

    $ (564 )
        

 

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Index to Financial Statements

AOCI consisted of the following:

 

     December 31,
2008		     December 31,
2007
     (in thousands)

Cumulative translation adjustment, net of tax

    $ (7,387 )   $ 4,809

Postretirement benefit liability, net of tax

      2,464       2,294
              

Total AOCI

    $ (4,923 )   $ 7,103
              

(12) Comprehensive Income

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Comprehensive income includes all changes in stockholders’ equity during the period except those resulting from investments by owners and
distributions to owners.

Comprehensive income included the following:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






































































































   For the Year Ended December 31, 
   2008   2007 
   (in thousands) 

Net income

  $35,097   $46,325 

Foreign currency translation adjustment, net of tax

   (12,196)   3,534 

Postretirement benefit, net of tax

   (564)   (404)

Adjustment related to postretirement benefit plan amendments, net of tax

   734    1,223 
          

Total comprehensive income

  $23,071   $50,678 
          

The actuarially determined postretirement benefit to be amortized from AOCI associated with the
adoption of FAS 158 was:

 




































































   For the Year
2008		 
   (in thousands) 

Prior service cost

  $(1,775)

Unrecognized net actuarial gain

   889 
     

Total postretirement benefit amortized

  $(886)

Tax effect

   322 
     

Total postretirement benefit amortized, net of tax

  $(564)
     

 


70






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Index to Financial Statements


AOCI consisted of the following:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 





































































   December 31,
2008		  December 31,
2007
   (in thousands)

Cumulative translation adjustment, net of tax

  $(7,387) $4,809

Postretirement benefit liability, net of tax

   2,464   2,294
        

Total AOCI

  $(4,923) $7,103
        
This excerpt taken from the NTG 10-K filed Mar 17, 2008.

(12) Comprehensive Income

Comprehensive income includes all changes in stockholders’ equity during the period except those resulting from investments by owners and distributions to owners.

Comprehensive income included the following:

 

     For the Year Ended December 31,
     2007     2006
     (in thousands)
           (As Adjusted, Note3)

Net income

    $ 46,325     $ 37,712

Foreign currency translation adjustment, net of tax

      3,534       839

Postretirement benefit, net of tax

      (404 )     —  

Adjustment related to postretirement benefit plan amendments, net of tax

      1,223       —  
              

Total comprehensive income

    $ 50,678     $ 38,551
              

The actuarially determined postretirement benefit to be amortized from AOCI associated with the adoption of FAS 158 was:

 

     For the Year
2007		  
     (in thousands)  

Prior service cost

    $ (1,576 )

Unrecognized net actuarial gain

      942  
        

Total postretirement benefit amortized

    $ (634 )

Tax effect

      230  
        

Total postretirement benefit amortized, net of tax

    $ (404 )
        

AOCI consisted of the following:

 

     December 31,
2007		    December 31,
2006
     (in thousands)

Cumulative translation adjustment, net of tax

    $ 4,809    $ 1,275

Postretirement benefit liability, net of tax

      2,294      1,475
             

Total AOCI

    $ 7,103    $ 2,750
             

 

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Index to Financial Statements
This excerpt taken from the NTG 10-Q filed Aug 9, 2007.

(17) Comprehensive Income

Comprehensive income includes all changes in stockholders’ equity during the period except those resulting from investments by owners and distributions to owners.

Other comprehensive income (OCI) included the following:

 

     Three Months Ended
June 30,		    Six Months Ended
June 30,
     2007     2006    2007     2006
    

(As Adjusted,

Note 3)

     (As Adjusted,
Note 3)
     (unaudited, in thousands)

Net income

    $ 12,142     $ 9,627    $ 20,919     $ 17,456

Foreign currency translation adjustment

      1,955       1,231      2,149       1,275

Postretirement benefit

      (317 )     —        (317 )     —  
                             

Total comprehensive income

    $ 13,780     $ 10,858    $ 22,751     $ 18,731
                             

Postretirement benefit to be amortized from accumulated OCI:

 

     Six Months Ended
June 30, 2007		     For the Year
2007		  
     (unaudited)        
     (in thousands)  

Prior service cost

    $ (788 )   $ (1,576 )

Unrecognized net actuarial gain (loss)

      471       942  
                

Total postretirement benefit amortized

    $ (317 )   $ (634 )
                

 

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Table of Contents

Accumulated other comprehensive income consisted of the following:

 

     June 30,
2007		    December 31,
2006
     (unaudited)     
     ( in thousands)

Cumulative translation adjustment

    $ 3,424    $ 1,275

Postretirement benefit liability

      1,158      1,475
             

Total accumulated other comprehensive income

    $ 4,582    $ 2,750
             

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 2, 2009
10-K
Mar 17, 2008
10-Q
Aug 9, 2007

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