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Accumulated other comprehensive income
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Accumulated other comprehensive income

10. Accumulated other comprehensive income

Accumulated other comprehensive income is comprised of foreign currency translation adjustments, the effective portion of the gain (loss) on the Company’s cross-currency swap, which is designated and accounted for as a cash flow hedge and the unrealized gain (loss) on warrants. The components of and changes in accumulated other comprehensive income were as follows:

 

(U.S. Dollars, in thousands)

    Foreign
Currency
Translation
Adjustments		      Change
in
Fair Value		      Accumulated
Other
Comprehensive
Income		  
     (Restated)      (Restated)      (Restated)  

Balance at December 31, 2013

    $ 3,651       $ (148 )     $ 3,503   

Unrealized gain on cross-currency swap and warrants, net of tax of $25

      —           103         103   

Foreign currency translation adjustment (1)

      376         —           376   
  

 

 

     

 

 

     

 

 

  

Balance at March 31, 2014

 $ 4,027    $ (45 )  $ 3,982   
  

 

 

     

 

 

     

 

 

  

 

(1) As the cash generally remains permanently invested in the non-U.S. dollar denominated foreign subsidiaries, no deferred taxes are recognized on the related foreign currency translation adjustment.