Other Comprehensive Income

6 Months Ended

Jun. 30, 2013

Other Comprehensive Income

Other Comprehensive Income

(12) Other Comprehensive Income

The components and allocated tax effects of other comprehensive income for the periods ended June 30, 2013 and December 31, 2012 are as follows (dollars in thousands):

	Before Tax Effects		Tax Effects		After Tax Effects
June 30, 2013
Currency translation adjustment	$	3,174	$	—	$	3,174
Total	$	3,174	$	—	$	3,174
December 31, 2012
Currency translation adjustment	$	11,874	$	—	$	11,874
Total	$	11,874	$	—	$	11,874

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.