SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The components of accumulated other comprehensive loss as recorded on the accompanying Consolidated Balance Sheets were as follows:


	2014			2013
	(Dollars in thousands)
Foreign currency translation adjustments	$	(2,894	)	$	(934	)
Pension liability, net of tax		(15,136	)		(8,488	)
Total accumulated other comprehensive loss	$	(18,030	)	$	(9,422	)

Changes In Accumulated Other Comprehensive Loss [Table Text Block]

The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the years ended December 31, 2014 and 2013 (dollars in thousands):


	Amounts reclassified from accumulated other comprehensive loss for the year ended December 31,						Affected line item in the statement where net income is presented
	2014			2013
Amortization of defined benefit pension items
Prior service cost	$	(112	)	$	(111	)		⁽¹⁾
Actuarial losses		818			1,813			⁽¹⁾
Total before tax		706			1,702
Tax benefit		(275	)		(664	)
Net of tax	$	431		$	1,038

(1)

These amounts were included in the computation of net periodic pension cost. See Note 11 for additional details.

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the years ended December 31, 2014 and 2013 (dollars in thousands):


	Amounts reclassified from accumulated other comprehensive loss for the year ended December 31,						Affected line item in the statement where net income is presented
	2014			2013
Amortization of defined benefit pension items
Prior service cost	$	(112	)	$	(111	)		⁽¹⁾
Actuarial losses		818			1,813			⁽¹⁾
Total before tax		706			1,702
Tax benefit		(275	)		(664	)
Net of tax	$	431		$	1,038