Note 15 - Accumulated Other Comprehensive Income ("AOCI")

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

15.

Accumulated Other Comprehensive Income (“AOCI”)

The following tables display the change in the components of accumulated other comprehensive income for the

six

months ended

June 30, 2017

and

2016:

	Foreign Currency Translation Adjustments		Unrealized Gain /(Loss) on Available-for- Sale Investments			Unrealized Loss on Interest Rate Swaps			Total
Balance as of January 1, 2017	$	6,335	$	406		$	(975	)	$	5,766
Other comprehensive income before reclassifications		1,721		(1,619	)		205			307
Amounts reclassified from AOCI		-		-			-			-
Net current-period other comprehensive income		1,721		(1,619	)		205			307
Balance as of June 30, 2017	$	8,056	$	(1,213	)	$	(770	)	$	6,073

	Foreign Currency Translation Adjustments		Unrealized Gains on Available-for- Sale Investments			Unrealized Loss on Interest Rate Swaps			Total
Balance as of January 1, 2016	$	6,616	$	398		$	(1,426	)	$	5,588
Other comprehensive income before reclassifications		2,354		(33	)		(759	)		1,562
Amounts reclassified from AOCI		-		-			-			-
Net current-period other comprehensive income		2,354		(33	)		(759	)		1,562
Balance as of June 30, 2016	$	8,970	$	365		$	(2,185	)	$	7,150

At

June 30, 2017,

the Company had a net

$8.1

million of unrealized cumulative foreign currency translation adjustment (“CTA”) gains relating to its foreign entity investments in Canada. CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under generally accepted accounting principles in the United States (“GAAP”), the Company is required to release CTA balances into earnings when the Company has substantially liquidated its investment in a foreign entity. During

2015,

the Company began selling properties within its Canadian portfolio and as such, the Company

may,

in the near term, substantially liquidate its remaining investment in Canada, which will require the then unrealized gain on foreign currency translation to be recognized as a benefit to earnings.