Other comprehensive

income

(loss) consists of the foreign currency translation adjustment associated with our Canadian operations’ use of the Canadian dollar as their functional currency and changes in the unrealized (losses)

gains

on cash flow hedging instruments.

The tax effects allocated to each component of other comprehensive income (loss) were as follows:


	Quarter Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Foreign currency translation adjustment	$	5,297		$	(5,046	)	$	10,302		$	(11,691	)
Unrealized (loss) gain on cash flow hedging instruments		(709	)		520			(1,444	)		727
Income tax benefit (expense)		192			(140	)		391			(196	)

Unrealized (loss) gain on cash flow hedging instruments, net of tax		(517	)		380			(1,053	)		531

Reclassification of (gain) loss on cash flow hedging instruments into earnings		(176	)		144			(551	)		1,175
Income tax expense (benefit)		48			(39	)		149			(317	)

Reclassification of (gain) loss on cash flow hedging instruments into earnings, net of tax		(128	)		105			(402	)		858
Other comprehensive income (loss)	$	4,652		$	(4,561	)	$	8,847		$	(10,302	)

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


Six Months Ended June 30,	2019			2018
Foreign currency translation adjustment:
Beginning balance	$	(46,604	)	$	(33,499	)
Current period other comprehensive income (loss)		6,695			(7,373	)

Ending balance		(39,909	)		(40,872	)

Cash flow hedging instruments:
Beginning balance		636			(421	)
Current period other comprehensive (loss) income		(631	)		319
Reclassification adjustment		(242	)		515

Ending balance		(237	)		413

Equity securities:
Beginning balance		—			(301	)
Cumulative-effect adjustment to retained earnings		—			301

Ending balance		—			—

Accumulated other comprehensive loss, net of tax	$	(40,146	)	$	(40,459	)