Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2016

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, 2016 and December 31, 2015 are as follows (dollars in thousands):

Year Ended December 31, 2016
Balance at December 31, 2015	$	(19,495)
Other comprehensive loss before reclassifications		(13,416)
Amounts reclassified from accumulated other comprehensive loss (1)		(1,066)
Net current-period other comprehensive loss		(14,482)
Balance at December 31, 2016	$	(33,977)
Year Ended December 31, 2015
Balance at December 31, 2014	$	(5,894)
Other comprehensive loss before reclassifications		(13,601)
Amounts reclassified from accumulated other comprehensive loss		—
Net current-period other comprehensive loss		(13,601)
Balance at December 31, 2015	$	(19,495)

(1) In the third quarter of 2016, the Company substantially completed the liquidation of its investment in its Israel entity that ceased operations in December 2013. During the Company’s period of ownership and through December 2013, the Company had $1.1 million in accumulated foreign exchange translation gains as a component of equity, which have been reclassified during the year ended December 31, 2016 as a gain that reduced other general and administrative expenses in the Consolidated Statement of Operations.

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.