Accumulated other comprehensive loss

3 Months Ended

Mar. 31, 2016

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; the unrealized gain (loss) on warrants; and the unrealized loss on the Company’s debt securities. The components of and changes in accumulated other comprehensive loss were as follows:

(U.S. Dollars, in thousands)	Currency Translation Adjustments			Change in Fair Value of Derivatives		Change in Fair Value of Debt Securities			Accumulated Other Comprehensive Loss
Balance at December 31, 2015	$	(4,389	)	$	228	$	(2,071	)	$	(6,232	)
Unrealized gain on derivative instruments,    net of tax of $22		—			26		—			26
Unrealized loss on debt securities, net of tax benefit of $297		—			—		(527	)		(527	)
Foreign currency translation adjustment (1)		1,221			—		—			1,221
Balance at March 31, 2016	$	(3,168	)	$	254	$	(2,598	)	$	(5,512	)

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(1) As 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.