Note 12 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

NOTE

12

—

ACCUMULATED OTHER COMPREHENSIVE LOSS

As of

December

31,

2016

and

2015,

accumulated other comprehensive loss, net of tax, included the following:

	2016			2015
Foreign currency translation adjustments	$	11,815		$	7,491
Gain on sale of interest rate hedge agreement (1)		(2,175	)		—
Total	$	9,640		$	7,491

(1) Represents the fair value of interest rate hedge agreements, designated as a cash flow hedge, which was sold on December 1, 2016. The fair value of the interest rate hedge agreement was recorded in other comprehensive income and will be reclassified to earnings when earnings are impacted by the hedged items, the interest payments on the Credit Facility or its replacement from January 31, 2018 to January 31, 2023 (See Note 10 Derivative Instruments).