Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(15) Accumulated Other Comprehensive Income

        The components and allocated tax effects of other comprehensive income for the periods ended December 31, 2015 and December 31, 2014 are as follows (dollars in thousands):

	Before Tax Effects			Tax Effects		After Tax Effects
December 31, 2015
Currency translation adjustment	$	(19,495	)	$	—	$	(19,495	)
Total	$	(19,495	)	$	—	$	(19,495	)
December 31, 2014
Currency translation adjustment	$	(5,894	)	$	—	$	(5,894	)
Total	$	(5,894	)	$	—	$	(5,894	)

        Deferred taxes have not been provided on the cumulative undistributed earnings of foreign subsidiaries or the cumulative translation adjustment related to those investments since the Company recognized a current tax expense in 2015 on the deemed dividend on all such cumulative undistributed earnings and translation adjustments as part of the amendment to the capital structure of its operations outside of North America.