Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

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, 2014 and December 31, 2013 are as follows (dollars in thousands):

	Before Tax Effects		Tax Effects		After Tax Effects
June 30, 2014
Currency translation adjustment	$	10,718	$	—	$	10,718
Total	$	10,718	$	—	$	10,718
December 31, 2013
Currency translation adjustment	$	8,536	$	—	$	8,536
Total	$	8,536	$	—	$	8,536

Deferred taxes have not been provided on the cumulative undistributed earnings of foreign subsidiaries or the cumulative translation adjustment related to those investments since there is currently no need to repatriate funds from certain foreign subsidiaries to the U.S. by way of dividends.