Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Other Comprehensive Income (Loss) Net of Tax Activity

. The activity included in other comprehensive income (loss), net of tax, in the Company’s consolidated statements of comprehensive income for each period reported is summarized below.

	Year ended December 31,
	2017			2016			2015
Foreign currency translation adjustments	$	4,177		$	(4,321	)	$	(5,676	)
Foreign currency realized losses reclassified into earnings		—			(3	)		666
Change in fair value of derivative designated as cash flow hedge		441			—			—
Gain on sale of interest rate hedging agreement, net of tax⁽¹⁾		(17	)		2,175			—
Other comprehensive income (loss), net of tax⁽²⁾	$	4,601		$	(2,149	)	$	(5,010	)

⁽¹⁾

On December 1, 2016, the Company sold the interest rate hedge agreement. The fair value of the interest rate hedge was recorded in other comprehensive income (loss), net of tax, and will be reclassified to earnings when earnings are impacted by the cash flows of the hedged items, the interest payments on the Credit Facility or its replacement from January 31, 2018 to January 31, 2023. See additional details on the hedge agreement in Note 9—Derivative Instruments and Hedging Activities.

⁽²⁾	Net of tax of $1.0 million, $2.2 million, and $1.0 million for the years ended December 31, 2017, 2016, and 2015, respectively.

Summary of Previously Reported Consolidated Statement of Cash Flows

The impact of the adoption on the Company’s previously reported consolidated statements of cash flows is summarized as follows:

	Year Ended December 31, 2016						Year Ended December 31, 2015
	As Reported			As Adjusted			As Reported			As Adjusted
Restricted cash	$	(494	)	$	—		$	116		$	—
Net Cash Provided by Operating Activities		79,563			80,057			76,319			76,203
Effect of exchange rate changes on cash		(403	)		(416	)		(1,746	)		(1,746	)
(Decrease) Increase in Cash and Cash Equivalents		(1,705	)		—			(4,375	)		—
Increase in Cash, Cash Equivalents, and Restricted Cash		—			(1,224	)		—			(4,491	)
Cash and Cash Equivalents, Beginning Period		7,747			—			12,122			—
Cash, Cash Equivalents, and Restricted Cash, Beginning Period		—			9,109			—			13,600
Cash and Cash Equivalents, End of Period		6,042			—			7,747			—
Cash, Cash Equivalents, and Restricted Cash, End of Period		—			7,885			—			9,109