ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2017

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS).

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 2.     ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss) (“AOCI”) consisted of the following:

	Foreign		Unrealized Loss
	Currency		on Interest Rate
	Translation		Hedge		Total
Balance at December 31, 2016	$	(12,649)	$	(2,076)	$	(14,725)
Other comprehensive income (loss) before reclassifications, net of tax		4,427		(593)		3,834
Amounts reclassified out of AOCI, net of tax (1)		—		1,181		1,181
Other comprehensive income, net		4,427		588		5,015
Balance at September 30, 2017	$	(8,222)	$	(1,488)	$	(9,710)

(1) Before-tax reclassifications of $474,000  ($308,000 after-tax) and $1.8 million ($1.2 million after-tax) for the three and nine months ended September 30, 2017, respectively, and before-tax reclassifications of $798,000  ($519,000 after-tax) and $2.4 million ($1.6 million after-tax) for the three and nine months ended September 30, 2016, were included in Interest expense in the Company’s consolidated statements of operations. Amounts relate to the Company’s interest rate swap which is designated as a cash flow hedge. Changes in fair value of the swap recognized in AOCI are reclassified to interest expense when hedged interest payments on the underlying long-term debt are made. Amounts in AOCI expected to be recognized in interest expense over the next 12 months total approximately $1.9 million ($1.2 million after-tax).