OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2015

OTHER COMPREHENSIVE LOSS

3. OTHER COMPREHENSIVE LOSS

Other comprehensive loss consists of the foreign currency translation adjustment associated with our Canadian operations’ use of the Canadian dollar as their functional currency and changes in the unrealized gains on cash flow hedging instruments and available-for-sale securities. The tax effects allocated to each component of other comprehensive loss were as follows:

Quarters Ended March 31,	2015			2014
Foreign currency translation adjustment	$	(19,875	)	$	(9,214	)
Unrealized gain on cash flow hedging instruments		2,227			—
Income tax expense		(601	)		—
Unrealized gain on cash flow hedging instruments, net of tax		1,626			—
Reclassification of gain on cash flow hedging instruments into earnings		(188	)		—
Income tax expense		51			—
Reclassification of gain on cash flow hedging instruments into earnings, net of tax		(137	)		—
Unrealized gain on available-for-sale securities		11			2
Income tax expense		(4	)		(1	)
Unrealized gain on available-for-sale securities, net of tax		7			1
Other comprehensive loss	$	(18,379	)	$	(9,213	)

The changes in each component of accumulated other comprehensive loss, net of tax, are as follows:

Quarters Ended March 31,	2015			2014
Foreign currency translation adjustment:
Beginning balance	$	(23,623	)	$	(11,181	)
Current period other comprehensive loss		(11,843	)		(5,374	)
Ending balance		(35,466	)		(16,555	)
Cash flow hedging instruments:
Beginning balance		168			—
Current period other comprehensive income		975			—
Less reclassification adjustment		(82	)		—
Ending balance		1,061			—
Available-for-sale securities:
Beginning balance		(292	)		(293	)
Current period other comprehensive income		7			1
Ending balance		(285	)		(292	)
Accumulated other comprehensive loss, net of tax	$	(34,690	)	$	(16,847	)