Accumulated other comprehensive loss

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Accumulated other comprehensive loss

6. Accumulated other comprehensive loss

Accumulated other comprehensive loss is comprised of foreign currency translation adjustments, the effective portion of the gain (loss) on the Company’s cross-currency swap, which is designated and accounted for as a cash flow hedge, and the unrealized gain (loss) on warrants. The components of and changes in accumulated other comprehensive loss were as follows:

(U.S. Dollars, in thousands)	Foreign Currency Translation Adjustments			Change in Fair Value		Accumulated Other Comprehensive Loss
Balance at December 31, 2014	$	(482	)	$	100	$	(382	)
Unrealized gain on derivative instruments,    net of tax of $130		—			230		230
Foreign currency translation adjustment (1)		(3,666	)		—		(3,666	)
Balance at September 30, 2015	$	(4,148	)	$	330	$	(3,818	)

(1) As the unremitted earnings generally remain indefinitely reinvested in the non U.S. dollar denominated foreign subsidiaries, no deferred taxes are recognized on the related foreign currency translation adjustment.