Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2019

Accumulated Other Comprehensive Income [Abstract]

NOTE 7. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (“AOCI”) primarily consists of foreign currency translation adjustments and changes in our forward foreign exchange contracts. The components of AOCI, net of tax, were as follows:


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Cash Flow Hedges		Total

Balance as of December 31, 2018	$	73	$	404	$	477
Other comprehensive (loss) income before reclassifications		(869)		954		85
Amounts reclassified from other comprehensive income (loss)		-		(783)		(783)
Net current period other comprehensive (loss) income		(869)		171		(698)
Balance as of September 30, 2019	$	(796)	$	575	$	(221)

The effects on net income of amounts reclassified from unrealized gains (losses) on cash flow hedges for foreign exchange contracts for the nine months ended September 30, 2019, were as follows:


	Gains reclassified from AOCI to the Condensed Consolidated Statements of Comprehensive Income
Affected line item in the Condensed Consolidated Statements of Comprehensive Income	For the Three Months Ended September 30, 2019		For the Nine Months Ended September 30, 2019
Foreign exchange contracts:
Sales	$	261	$	844
Less: Income tax expense		(95)		61
Amount reclassified, net of tax	$	356	$	783

Total reclassifications from AOCI	$	356	$	783

The Company’s policy is to classify reclassifications of cumulative foreign currency translation from AOCI to Other, net.