Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(16) Accumulated Other Comprehensive Income

        The components and allocated tax effects of accumulated other comprehensive income for the periods ended December 31, 2011 and 2010 are as follows (dollars in thousands):

	Before Tax Effects			Tax Effects			After-Tax Effects
December 31, 2011
Currency translation adjustment	$	8,341		$	—		$	8,341
Unrealized holding gain on securities, available-for-sale
Beginning balance		144			(58	)		86
Less: Reclassification adjustment for gains recognized in net income		(144	)		58			(86	)
Net unrealized holding gain/(loss) on securities, available-for-sale		—			—			—
Total	$	8,341		$	—		$	8,341
December 31, 2010
Currency translation adjustment	$	10,407		$	—		$	10,407
Unrealized holding gain on securities, available-for-sale		144			(58	)		86
Total	$	10,551		$	(58	)	$	10,493

        Deferred taxes have not been provided on the cumulative undistributed earnings of foreign subsidiaries or the cumulative translation adjustment related to those investments since such amounts are expected to be reinvested indefinitely.