Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

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ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
 12 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
16. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

 

Accumulated other comprehensive income/ (loss) consist of the following (in thousands):

 

    Pension
Liability
Adjustment		     Foreign
Currency
Translation		     Total  
Balance at December 31, 2014   $ (59,975 )   $ (5,513 )   $ (65,488 )
Change during 2015:                        
Before-tax amount     14,796       (14,760 )     36  
Tax benefit     (5,726 )     —       (5,726 )
      9,070       (14,760 )     (5,690 )
Balance at December 31, 2015     (50,905 )     (20,273 )     (71,178 )
Change during 2016                        
Before-tax amount     3,045       (602 )     2,443  
Tax benefit     (1,340 )     —       (1,340 )
      1,705       (602 )     1,103  
Balance at December 31, 2016   $ (49,200 )   $ (20,875 )   $ (70,075 )