Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(14) Accumulated Other Comprehensive Income

The components and allocated tax effects of accumulated other comprehensive income for the three months ended March 31, 2018 and 2017 are as follows (dollars in thousands):

Three Months Ended March 31, 2018
Balance at December 31, 2017	$	(21,397)
Other comprehensive income		1,069
Balance at March 31, 2018	$	(20,328)
Three Months Ended March 31, 2017
Balance at December 31, 2016	$	(33,977)
Other comprehensive income		2,026
Balance at March 31, 2017	$	(31,951)

Deferred taxes have not been provided on the cumulative undistributed earnings of foreign subsidiaries or the cumulative translation adjustment related to those investments due to the internal capital structure for the Company’s foreign subsidiaries and the inclusion of foreign earnings and profits in U.S. taxable income pursuant to the Tax Cuts and Jobs Act.