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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2015
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

Software

 

3 to 7

 

Components of Changes in Accumulated Other Comprehensive Income (Loss)

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

 

(U.S. Dollars in thousands)

 

Currency

Translation

Adjustments

 

 

Change in

Fair Value

 

 

Accumulated Other

Comprehensive Income (Loss)

 

Balance at December 31, 2013

 

$

3,651

 

 

$

(148

)

 

$

3,503

 

Unrealized gain on derivative instruments, net of tax

   expense of $59

 

 

 

 

 

248

 

 

 

248

 

Currency translation adjustment (1)

 

 

(4,133

)

 

 

 

 

 

(4,133

)

Balance at December 31, 2014

 

$

(482

)

 

$

100

 

 

$

(382

)

Unrealized gain on cross-currency swaps, net of tax

   expense of $74

 

 

 

 

 

128

 

 

 

128

 

Unrealized loss on debt securities (net of tax benefit

    of $1,277)

 

 

 

 

 

(2,071

)

 

 

(2,071

)

Currency translation adjustment (1)

 

 

(3,907

)

 

 

 

 

 

(3,907

)

Balance at December 31, 2015

 

$

(4,389

)

 

$

(1,843

)

 

$

(6,232

)

 

 

 

(1)

As the earnings generally remain indefinitely reinvested in the non U.S. dollar denominated foreign subsidiaries, no deferred taxes are recognized on the related currency translation adjustment.