ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2016

ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 14 – ACCUMULATED OTHER COMPREHENSIVE INCOME

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

	2016			Years Ended December 31, 2015			2014
Net foreign currency translation adjustment	$	(1,390	)	$	(2,615	)	$	(2,972	)
Net change in postretirement benefit plan (see Note 10 for further information)
Initial adoption of new plan		(444	)		-			-
Net gain arising during the period		101			242			191
Amortization of prior service credit/(cost)		57			(18	)		(18	)
Amortization of (gain)/loss		(10	)		-			6
Total before tax		(296	)		224			179
Tax		(49	)		(72	)		(56	)
Net of tax		(345	)		152			123
Total other comprehensive income (loss)	$	(1,735	)	$	(2,463	)	$	(2,849	)

Accumulated other comprehensive income/(loss) at December 31, 2016 consisted of the following:

	Foreign currency translation adjustment			Postretirement benefit plan			Total
Balance December 31, 2015	$	(5,317	)	$	203		$	(5,114	)
Other comprehensive (loss)/gain		(1,390	)		(345	)		(1,735	)
Balance December 31, 2016	$	(6,707	)	$	(142	)	$	(6,849	)