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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table sets forth the changes in the components of accumulated other comprehensive income for 2015, 2014 and 2013:
In thousands
 
 
Currency Translation Adjustments
 
Unrealized Gains (Losses) on Cash Flow Hedges
 
Accumulated Other Comprehensive Income/ (Loss)
Beginning balance at January 1, 2013
 
$
(37,292
)
 
$
(1,772
)
 
$
(39,064
)
Period change
 
(17,718
)
 
314

 
(17,404
)
Ending balance at December 31, 2013
 
$
(55,010
)
 
$
(1,458
)
 
$
(56,468
)
Period change
 
(80,221
)
 
(1,730
)
 
(81,951
)
Ending balance at December 31, 2014
 
$
(135,231
)
 
$
(3,188
)
 
$
(138,419
)
Period change
 
(140,809
)
 
(3,403
)
 
(144,212
)
Ending balance at December 31, 2015
 
$
(276,040
)
 
$
(6,591
)
 
$
(282,631
)

The net tax impact of the unrealized gains/ (losses) on cash flow hedges in accumulated other comprehensive income at December 31, 2015, 2014 and 2013 was $2.2 million, $0.6 million, and $0.2 million, respectively. Translation adjustments are not tax-effected as the Company’s net investment in foreign subsidiaries and all related foreign earnings are deemed permanently invested.