Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(12) Accumulated Other Comprehensive Income

The components and allocated tax effects of accumulated other comprehensive income for the periods ended June 30, 2015 and December 31, 2014 are as follows (dollars in thousands):

	Before Tax Effects			Tax Effects		After Tax Effects
June 30, 2015
Currency translation adjustment	$	(10,914	)	$	—	$	(10,914	)
Total	$	(10,914	)	$	—	$	(10,914	)
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 there is currently no need to repatriate funds from certain foreign subsidiaries to the U.S. by way of dividends.