| Other Comprehensive Income (Loss) |
OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive income (loss) represents a measure of all changes in equity that result from recognized transactions and other economic events other than transactions with owners in their capacity as owners. Other comprehensive income (loss) includes foreign currency translations and gains (losses) on hedging instruments. The following table presents the changes in each component of accumulated other comprehensive loss: | | | | | | | | | | | | | | (In thousands) | | Foreign Currency Translation Adjustments | | Hedging Activities | | Accumulated Other Comprehensive Loss | Balance, December 31, 2013 | | $ | (8,213 | ) | | $ | 2,762 |
| | $ | (5,451 | ) | Other comprehensive loss | | (8,167 | ) | | (12,903 | ) | | (21,070 | ) | Amounts reclassified from accumulated other comprehensive loss | | — |
| | — |
| | — |
| Other comprehensive loss | | (8,167 | ) | | (12,903 | ) | | (21,070 | ) | Less: other comprehensive loss attributable to non-controlling interests | | — |
| | — |
| | — |
| Balance, December 31, 2014 | | $ | (16,380 | ) | | $ | (10,141 | ) | | $ | (26,521 | ) | Other comprehensive income (loss) before reclassifications | | (9,634 | ) | | 15,149 |
| | 5,515 |
| Amounts reclassified from accumulated other comprehensive income (loss) | | — |
| | — |
| | — |
| Other comprehensive income (loss) | | (9,634 | ) | | 15,149 |
| | 5,515 |
| Less: other comprehensive (loss) income attributable to non-controlling interests | | (13,123 | ) | | 3,370 |
| | (9,753 | ) | Balance, December 31, 2015 | | $ | (12,891 | ) | | $ | 1,638 |
| | $ | (11,253 | ) |
The following table presents the changes in each component of accumulated other comprehensive loss and the related tax effects for the year ended December 31, 2015: | | | | | | | | | | | | | | (In thousands) | | Before Tax | | Tax Effect | | Net of Tax | Foreign currency translation adjustments: | | | | | | | Other comprehensive loss arising during the period | | $ | (9,634 | ) | | $ | 271 |
| | $ | (9,363 | ) | Hedging activities: | | | | | | | Other comprehensive gain arising during the period | | 15,149 |
| | (1,402 | ) | | 13,747 |
| Other comprehensive income (loss) | | $ | 5,515 |
| | $ | (1,131 | ) | | $ | 4,384 |
| Less: other comprehensive loss attributable to non-controlling interests | | | | | | | Foreign currency translation adjustments | | (13,123 | ) | | 133 |
| | (12,990 | ) | Unrealized gain on hedging instruments | | 3,370 |
| | (944 | ) | | 2,426 |
| Other comprehensive income (loss) | | $ | (9,753 | ) | | $ | (811 | ) | | $ | (10,564 | ) | Less: predecessor other comprehensive income prior to initial public offering on August 5, 2015 | | | | | | (4,100 | ) | Other comprehensive income attributable to TerraForm Global, Inc. Class A stockholders | | | | | | $ | 19,048 |
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