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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Schedule of changes in accumulated other comprehensive income (loss)

 

 

 

Foreign
Currency
Translation

 

Unrealized Loss
on Interest Rate
Hedge

 

Total

 

Balance at December 31, 2014

 

$

(5,648

)

$

(2,038

)

$

(7,686

)

Other comprehensive income (loss) before reclassifications, net of tax

 

(3,171

)

(1,318

)

(4,489

)

Amounts reclassified out of AOCI, net of tax (1)

 

 

1,149

 

1,149

 

 

 

 

 

 

 

 

 

Other comprehensive loss

 

(3,171

)

(169

)

(3,340

)

 

 

 

 

 

 

 

 

Balance at June 30, 2015

 

$

(8,819

)

$

(2,207

)

$

(11,026

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Before-tax reclassifications of $879,000 ($572,000 after-tax) and $1.8 million ($1.1 million after-tax) for the three and six months ended June 30, 2015, respectively, were included in Interest expense in the Company’s consolidated statements of operations. Amount relates to interest rate swap which is designated as a cash flow hedge. Changes in fair value of the swap recognized in AOCI are reclassified to interest expense when hedged interest payments on the underlying debt are made. Amounts in AOCI expected to be recognized in interest expense over the next 12 months total approximately $3.5 million ($2.3 million after tax).