Accumulated Other Comprehensive Loss. The components of accumulated other comprehensive loss as of December 31, 2003 and 2004 are as follows (in thousands): 2003 2004 ------- ------- Unrealized gain on marketable securities, net of taxes...... $ 964 $ 1,199 Cumulative translation adjustment........................... (2,053) (2,931) ------- ------- Total accumulated other comprehensive loss.................. $(1,089) $(1,732) ======= ======= REVENUE RECOGNITION Forrester generates revenues from licensing research, performing advisory services and hosting events. Forrester executes contracts that govern the terms and conditions of each arrangement. Revenues from contracts that contain multiple deliverables are allocated among the separate units based on their relative fair values; however, the amount recognized is limited to the amount that is not contingent on future performance conditions. Research service revenues are recognized ratably over the term of the agreement. Advisory services are recognized during the period in which the services are performed. Events revenues are recognized upon completion of the events. While historical business practice has been to offer contracts with a non-cancelable term, Forrester does from time to time, in response to competitive conditions, offer clients the right to cancel their contracts prior to the end of the contract term. For these cancelable contracts that can be terminated during the contract term, any refund would be issued on a pro-rata basis only. Reimbursed out of pocket expenses are recorded as advisory revenue. XXXXXXXXX RESEARCH, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) STOCK-BASED COMPENSATION SFAS No. 123, Accounting for Stock-Based Compensation, and SFAS No. 148, Accounting for Stock-Based Compensation -- Transition and Disclosure, require the measurement of the fair value of stock options or warrants to be included in the statement of income or disclosed in the notes to financial statements. Forrester has determined for 2004 to continue to account for stock-based compensation for employees under Accounting Principles Board ("APB") Opinion No. 25 and elect the disclosure-only alternative under SFAS No. 123. There is no compensation expense related to option grants reflected in the accompanying consolidated financial statements. If compensation cost for Xxxxxxxxx'x stock option plans had been determined consistent with SFAS No. 123, net income for the years ended December 31, 2002, 2003 and 2004 would have been approx...
Accumulated Other Comprehensive Loss. Income 2008 2007 Deferred Tax Net of Deferred Tax Net of ($ in millions) Net unrealized gains on real estate Pre-Tax Amount (Liability)/ Asset Tax Amount Pre-Tax Amount (Liability)/ Asset Tax Amount investments $ 23 $ (8) $ 15 $ 179 $ (64) $ 115 Net actuarial(loss)/gain and prior service (cost)/credit – pension and postretirement plans(1) (2,339) 910 (1,429) 153 (60) 93 Accumulated other comprehensive (loss)/income $ (2,316) $ 902 $ (1,414) $ 332 $ (124) $ 208
Accumulated Other Comprehensive Loss. To eliminate XxxXxxx’s historical accumulated other comprehensive loss.
Accumulated Other Comprehensive Loss. Accumulated other comprehensive loss consists of foreign currency translation adjustments, benefit plan adjustments, and unrealized gains/losses on equity investments. These components are included in the consolidated statements of shareholders’ equity and comprehensive income. Taxes are not provided on the foreign currency translation gains and losses as deferred taxes are not provided on the unremitted earnings of the foreign subsidiaries to which they relate. The composition of accumulated other comprehensive loss consists of the following at December 31: ($ in thousands) 2010 2009 Foreign currency translation adjustments $ 13,449 $ 9,618 Benefit plan adjustments, net of tax (33,239 ) (43,108 ) Unrealized gain on equity investments, net of tax 1,022 747 $ (18,768 ) $ (32,743 ) Concentrations of Credit Risk Financial instruments which potentially subject CH2M HILL to concentrations of credit risk consist principally of cash and cash equivalents, short term investments and trade receivables. CH2M HILL’s cash and cash equivalents and short term investments are maintained in accounts held primarily in the U.S. with some accounts held by major banks and financial institutions located in Europe, Canada and Asia. Concentrations of credit risk relative to trade receivables are limited due to our diverse client base, which includes the U.S. federal government, various states and municipalities, foreign government agencies, and a variety of U.S. and foreign corporations operating in a broad range of industries and geographic areas. Contracts with the U.S. federal government and its prime contractors usually contain standard provisions for permitting the government to modify, curtail or terminate the contract for convenience of the government or such prime contractors if program requirements or budgetary constraints change. Upon such a termination, CH2M HILL is generally entitled to recover costs incurred, settlement expenses and profit on work completed prior to termination.
