ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2017

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 2.        ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss) (“AOCI”) consisted of the following:

	Foreign Currency Translation			Unrealized Loss on Interest Rate Hedge			Total
Balance at December 31, 2016	$	(12,649	)	$	(2,076	)	$	(14,725	)
Other comprehensive income before reclassifications, net of tax	439			53			492
Amounts reclassified out of AOCI, net of tax (1)	—			481			481
Other comprehensive income	439			534			973
Balance at March 31, 2017	$	(12,210	)	$	(1,542	)	$	(13,752	)

(1) Before-tax reclassifications of $740,000 ($481,000 after-tax) and $826,000 ($536,000 after-tax) for the three months ended March 31, 2017 and 2016, respectively, were included in Interest expense in the Company’s consolidated statements of operations. Amounts relate to the Company’s 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 long-term debt are made. Amounts in AOCI expected to be recognized in interest expense over the next 12 months total approximately $3.0 million ($1.9 million after-tax).