ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2016

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in accumulated other comprehensive income (loss) were as follows:

	Three Months Ended
	September 30,
	2016			2015
Net foreign currency translation adjustment	$	302		$	375
Net change in postretirement benefit plan (see Note 14 for further information)
Amortization of prior service cost/(credit)		16			(4	)
Amortization of gain		(3	)		-
Total before tax		13			(4	)
Tax		(4	)		1
Net of tax		9			(3	)
Total other comprehensive income	$	311		$	372

	Nine Months Ended
	September 30,
	2016			2015
Net foreign currency translation adjustment	$	850		$	(1,754	)
Net change in postretirement benefit plan (see Note 14 for further information)
Initial adoption of new plan*		(444	)		-
Amortization of prior service cost/(credit)		40			(14	)
Amortization of gain		(8	)		-
Total before tax		(412	)		(14	)
Tax		(9	)		5
Net of tax		(421	)		(9	)
Total other comprehensive income (loss)	$	429		$	(1,763	)

*See Note 14.

Accumulated other comprehensive loss at September 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)		850			(421	)		429
Balance September 30, 2016	$	(4,467	)	$	(218	)	$	(4,685	)