ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]

Components of accumulated other comprehensive loss

The components of accumulated other comprehensive income at June 30, 2014 and December 31, 2013 are summarized below (dollars in thousands):

	June 30,			December 31,
	2014			2013
Foreign currency translation adjustment, net of taxes of $200 and $77
at June 30, 2014 and December 31, 2013	$	2,441		$	1,904
Unrealized holding gains on available-for-sale
securities, net of taxes of $234 and $169 as of
June 30, 2014 and December 31, 2013		388			282
Unfunded SERP liability, net of taxes of ($665) and ($693) as
of June 30, 2014 and December 31, 2013		(1,478	)		(1,541	)
Accumulated other comprehensive income	$	1,351		$	645

Changes in accumulated other comprehensive loss by component

Changes in accumulated other comprehensive loss by component during the six months ended June 30, 2014 are as follows.  All amounts are net of tax (dollars in thousands).

			Unrealized Holding
	Foreign Currency		Gains on
	Translation		Available-for-		Unfunded
	Adjustment		Sale Securities		SERP Liability				Total
Balance at January 1, 2014	$	1,904	$	282	$	(1,541	)		$	645
Other comprehensive income (loss) before reclassifications		537		106		-				643
Amounts reclassified from accumulated other
comprehensive income (loss)		-		-		63		(a)		63
Net current period other comprehensive income (loss)		537		106		63				706
Balance at June 30, 2014	$	2,441	$	388	$	(1,478	)		$	1,351
(a) This reclassification relates to the amortization of prior service costs associated with the Company's SERP.
This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment classification of the plan participants