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Accumulated other comprehensive loss
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Accumulated other comprehensive loss

7. Accumulated other comprehensive loss

Accumulated other comprehensive loss 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 loss were as follows:

 

(U.S. Dollars, in thousands)

 

Foreign Currency

Translation Adjustments

 

 

Change

in

Fair Value

 

 

Accumulated Other

Comprehensive Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

(482

)

 

$

100

 

 

$

(382

)

Unrealized gain on derivative instruments,

   net of tax of $529

 

 

—

 

 

 

936

 

 

 

936

 

Foreign currency translation adjustment (1)

 

 

(3,301

)

 

 

—

 

 

 

(3,301

)

Balance at June 30, 2015

 

$

(3,783

)

 

$

1,036

 

 

$

(2,747

)

 

(1)

As the unremitted earnings generally remain indefinitely reinvested in the non U.S. dollar denominated foreign subsidiaries, no deferred taxes are recognized on the related foreign currency translation adjustment.