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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Jun. 30, 2016
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]  
Changes in accumulated other comprehensive income (loss)
The changes in accumulated other comprehensive income (loss) were as follows:
 
  
Three Months Ended
June 30,
 
  
2016
  
2015
 
Net foreign currency translation adjustment
 
$
(707
)
 
$
550
 
Net change in postretirement benefit plan (see Note 14 for further information)
        
Initial adoption of new plan*
  
(444
)
  
-
 
Amortization of prior service credit
  
26
   
(5
)
Amortization of gain
  
(2
)
  
-
 
Total before tax
  
(420
)
  
(5
)
Tax
  
(6
)
  
2
 
Net of tax
  
(426
)
  
(3
)
         
Total other comprehensive income (loss)
 
$
(1,133
)
 
$
547
 

*See Note 14.
 
  
Six Months Ended
June 30,
 
  
2016
  
2015
 
Net foreign currency translation adjustment
 
$
548
  
$
(2,130
)
Net change in postretirement benefit plan (see Note 14 for further information)
        
Initial adoption of new plan*
  
(444
)
  
-
 
Amortization of prior service cost/(credit)
  
24
   
(9
)
Amortization of gain
  
(5
)
  
-
 
Total before tax
  
(425
)
  
(9
)
Tax
  
(5
)
  
3
 
Net of tax
  
(430
)
  
(6
)
         
Total other comprehensive income (loss)
 
$
118
  
$
(2,136
)

*See Note 14.

Accumulated other comprehensive loss at June 30, 2016 and December 31, 2015 consisted of the following:

  
Foreign currency
translation
adjustment
  
 
Postretirement
benefit plan
  
 
 
Total
 
Balance December 31, 2015
 
$
(5,317
)
 
$
203
  
$
(5,114
)
Other comprehensive income/(loss)
  
548
   
(430
)
  
118
 
Balance June 30, 2016
 
$
(4,769
)
 
$
(227
)
 
$
(4,996
)