Accumulated Other Comprehensive Income (Loss) ("OCI")

3 Months Ended

Mar. 31, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss) ("OCI")

Accumulated Other Comprehensive Income (Loss) (“OCI”)

The components of Accumulated OCI are as follows (in thousands): 

	March 31, 2016			December 31, 2015
Cumulative foreign currency translation adjustment	$	(49,295	)	$	(43,010	)
Unrealized loss on hedges, net (1)	(23,392		)	(27,891		)
Accumulated other comprehensive loss	$	(72,687	)	$	(70,901	)

(1) Amounts relate to foreign currency hedges for the Grand Canyon, the Grand Canyon II and the Grand Canyon III charters as well as interest rate swap contracts for the Term Loan and the Nordea Q5000 Loan, and are net of deferred income taxes totaling $12.7 million at March 31, 2016 and $15.1 million at December 31, 2015 (Note 14).