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ACCUMULATED OTHER COMPREHENSIVE INCOME
 12 Months Ended
Dec. 31, 2017
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:
 
  
Years Ended
December 31,
 
  
2017
  
2016
  
2015
 
Net foreign currency translation adjustment
 
$
5,404
  
$
(1,390
)
 
$
(2,615
)
             
Net change in postretirement benefit plan (see Note 10 for further information)
            
Initial adoption of new plan
  
-
   
(444
)
  
-
 
Net gain/(loss) arising during the period
  
(49
)
  
101
   
242
 
Amortization of prior service credit/(cost)
  
74
   
57
   
(18
)
 Amortization of (gain)/loss
  
(15
)
  
(10
)
  
-
 
Total before tax
  
10
   
(296
)
  
224
 
Tax
  
(207
)
  
(49
)
  
(72
)
Net of tax
  
(197
)
  
(345
)
  
152
 
Total other comprehensive income (loss)
 
$
5,207
  
$
(1,735
)
 
$
(2,463
)

Accumulated other comprehensive income/(loss) at December 31, 2017 consisted of the following:

  
Foreign currency
translation
adjustment
  
Postretirement
benefit plan
  
Total
 
Balance December 31, 2016
 
$
(6,707
)
 
$
(142
)
 
$
(6,849
)
Other comprehensive (loss)/gain
  
5,404
   
(197
)
  
5,207
 
Balance December 31, 2017
 
$
(1,303
)
 
$
(339
)
 
$
(1,642
)