ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

9 Months Ended

Sep. 30, 2014

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME [Abstract]

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

12.ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The components of accumulated other comprehensive (loss) income at September 30, 2014 and December 31, 2013 are summarized below (dollars in thousands):

	September 30,			December 31,
	2014			2013
Foreign currency translation adjustment, net of taxes of ($20) and $77
at September 30, 2014 and December 31, 2013	$	(4,350	)	$	1,904
Unrealized holding gains on available-for-sale
securities, net of taxes of $227 and $169 as of
September 30, 2014 and December 31, 2013		377			282
Unfunded SERP liability, net of taxes of ($652) and ($693) as
of September 30, 2014 and December 31, 2013		(1,446	)		(1,541	)
Accumulated other comprehensive (loss) income	$	(5,419	)	$	645

Changes in accumulated other comprehensive loss by component during the nine months ended September 30, 2014 are as follows.  All amounts are net of tax (dollars in thousands).

				Unrealized Holding
	Foreign Currency			Gains on
	Translation			Available-for-		Unfunded
	Adjustment			Sale Securities		SERP Liability				Total
Balance at January 1, 2014	$	1,904		$	282	$	(1,541	)		$	645
Other comprehensive income (loss) before reclassifications		(6,254	)		95		-				(6,159	)
Amounts reclassified from accumulated other
comprehensive income (loss)		-			-		95		(a)		95
Net current period other comprehensive income (loss)		(6,254	)		95		95				(6,064	)
Balance at September 30, 2014	$	(4,350	)	$	377	$	(1,446	)		$	(5,419	)
(a) This reclassification relates to the amortization of prior service costs associated with the Company's SERP.
This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment
classification of the plan participants.