ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2018

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 4.     ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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

	Foreign		Unrealized Gain
	Currency		(Loss) on Interest
$s in thousands	Translation		Rate Hedge		Total
Balance at December 31, 2017	$	(8,603)	$	(501)	$	(9,104)
Other comprehensive income before reclassifications, net of tax		(1,878)		2,310		432
Amounts reclassified out of AOCI, net of tax (1)		—		341		341
Other comprehensive income, net		(1,878)		2,651		773
Balance at September 30, 2018	$	(10,481)	$	2,150	$	(8,331)

(1) Before-tax reclassifications of $40,000  ($31,000 after-tax) and $432,000 ($341,000 after-tax) for the three and nine months ended September 30, 2018, respectively, and before-tax reclassifications of $474,000  ($308,000 after-tax) and $1.8 million ($1.2  a million after-tax) for the three and nine months ended September 30, 2017,  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 $159,000  ($126,000 after-tax).