Changes in Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

Note 15. Changes in Accumulated Other Comprehensive Income (Loss)

Accumulated elements of other comprehensive income (loss) (“AOCI”) is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in each component of AOCI in the three and nine months ended September 30, 2015 were as follows (in thousands):

	Cash Flow Hedge, Net of Tax			Foreign Currency Translation Adjustments			Total
Balance, June 30, 2015	$	(543	)	$	(926	)	$	(1,469	)
Current period activity:
Net unrealized losses		(56	)		—			(56	)
Reclassification of gains into earnings		(579	)		—			(579	)
Net translation of investments in foreign operations		—			(32,549	)		(32,549	)
Net translation of intra-entity loans		—			7,320			7,320
Net change in Accumulated other comprehensive income (loss)		(635	)		(25,229	)		(25,864	)
Balance, September 30, 2015	$	(1,178	)	$	(26,155	)	$	(27,333	)

	Cash Flow Hedge, Net of Tax			Foreign Currency Translation Adjustments			Total
Balance, December 31, 2014	$	(429	)	$	(5,160	)	$	(5,589	)
Current period activity:
Net unrealized losses		(484	)		—			(484	)
Reclassification of gains into earnings		(265	)		—			(265	)
Net translation of investments in foreign operations		—			(30,585	)		(30,585	)
Net translation of intra-entity loans		—			9,590			9,590
Net change in Accumulated other comprehensive income (loss)		(749	)		(20,995	)		(21,744	)
Balance, September 30, 2015	$	(1,178	)	$	(26,155	)	$	(27,333	)

The translation impact of the intra-entity loans included in AOCI relates to those intercompany loans which the Company deems to be of a long-term investment nature.