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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2012
Accounting Policies [Abstract]  
Schedule of Useful Lives

The useful lives are as follows:

 

     Years

Buildings

   25 to 33

Plant, equipment and instrumentation

   2 to 10

Furniture and fixtures

   4 to 8
Components of Changes in Accumulated Other Comprehensive Income

The components of and changes in accumulated other comprehensive income are as follows:

 

(U.S. Dollars, in thousands)

  Foreign Currency
Translation
Adjustments
    Fair Value of
Cross-
Currency Swaps
    Accumulated Other
Comprehensive
Income (Loss)
 

Balance at December 31, 2010 (Restated)

  $ 6,125      $ 305      $ 6,430   

Unrealized loss on cross-currency swaps, net of tax benefit of $256

    —          (437     (437

Foreign currency translation adjustment (1)

    (2,279     —          (2,279
 

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011 (Restated)

    3,846        (132     3,714   

Unrealized gain on cross-currency swaps, net of tax of $153

    —          263        263   

Foreign currency translation adjustment (1)

    768        —          768   
 

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012 (Restated)

  $ 4,614      $ 131      $ 4,745   
 

 

 

   

 

 

   

 

 

 

 

(1) As the cash generally remains permanently invested in the non U.S. dollar denominated foreign subsidiaries, no deferred taxes are recognized on the related foreign currency translation adjustment.