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OTHER COMPREHENSIVE GAIN (LOSS)
 12 Months Ended
Dec. 31, 2016
OTHER COMPREHENSIVE GAIN (LOSS)

3. OTHER COMPREHENSIVE GAIN (LOSS)

Other comprehensive gain (loss) consists of the foreign currency translation adjustment associated with our Canadian operations’ use of the Canadian dollar as its functional currency and changes in the unrealized gains (losses) on cash flow hedging instruments and available-for-sale securities. The tax effects allocated to each component of other comprehensive loss were as follows:

 

Years Ended December 31,

    2016      2015      2014  

Foreign currency translation adjustment

    $ 6,211       $ (39,378 )     $ (21,117 ) 

Unrealized (loss) gain on cash flow hedging instruments

      (1,321 )       3,716         384   

Income tax benefit (expense)

      356         (1,003 )       (104 ) 
  

 

 

     

 

 

     

 

 

  

Unrealized (loss) gain on cash flow hedging instruments, net of tax

      (965 )       2,713         280   
  

 

 

     

 

 

     

 

 

  

Reclassification of loss (gain) on cash flow hedging instruments into earnings

      442         (2,730 )       —     

Income tax (benefit) expense

      (119 )       737         —     
  

 

 

     

 

 

     

 

 

  

Reclassification of loss (gain) on cash flow hedging instruments into earnings, net of tax

      323         (1,993 )       —     
  

 

 

     

 

 

     

 

 

  

Unrealized gain (loss) on available-for-sale securities

      27         (12 )       1   

Income tax (expense) benefit

      (13 )       4         —     
  

 

 

     

 

 

     

 

 

  

Unrealized gain (loss) on available-for-sale securities, net of tax

      14         (8 )       1   
  

 

 

     

 

 

     

 

 

  

Other comprehensive gain (loss)

    $ 5,583       $ (38,666 )     $ (20,836 ) 
  

 

 

     

 

 

     

 

 

  

The changes in each component of accumulated other comprehensive loss, net of tax, were as follows:

 

Years Ended December 31,

    2016      2015      2014  

Foreign currency translation adjustment:

         

Beginning balance

    $ (47,204 )     $ (23,623 )     $ (11,181 ) 

Current period other comprehensive gain (loss)

      3,745         (23,581 )       (12,442 ) 
  

 

 

     

 

 

     

 

 

  

Ending balance

      (43,459 )       (47,204 )       (23,623 ) 
  

 

 

     

 

 

     

 

 

  

Cash flow hedging instruments:

         

Beginning balance

      600         168         —     

Current period other comprehensive (loss) income

      (579 )       1,628         168   

Less reclassification adjustment

      194         (1,196 )       —     
  

 

 

     

 

 

     

 

 

  

Ending balance

      215         600         168   
  

 

 

     

 

 

     

 

 

  

Available-for-sale securities:

         

Beginning balance

      (300 )       (292 )       (293 ) 

Current period other comprehensive income (loss)

      14         (8 )       1   
  

 

 

     

 

 

     

 

 

  

Ending balance

      (286 )       (300 )       (292 ) 
  

 

 

     

 

 

     

 

 

  

Accumulated other comprehensive loss, net of tax

    $ (43,530 )     $ (46,904 )     $ (23,747 )