Accumulated other comprehensive income

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Accumulated other comprehensive income

10. Accumulated other comprehensive income

Accumulated other comprehensive income is comprised of foreign currency translation adjustments, the effective portion of the gain (loss) on the Company’s cross-currency swap, which is designated and accounted for as a cash flow hedge and the unrealized gain (loss) on warrants. The components of and changes in accumulated other comprehensive income were as follows:

(U.S. Dollars, in thousands)	Foreign Currency Translation Adjustments		Change in Fair Value			Accumulated Other Comprehensive Income
	(Restated)		(Restated)			(Restated)
Balance at December 31, 2013	$	3,651	$	(148	)	$	3,503
Unrealized gain on cross-currency swap and warrants, net of tax		—		72			72
Foreign currency translation adjustment (1)		574		—			574
Balance at June 30, 2014	$	4,225	$	(76	)	$	4,149

(1) As undistributed earnings of non-U.S. dollar denominated foreign subsidiaries are indefinitely reinvested, no deferred taxes are recognized on the related foreign currency translation adjustment.