| Comprehensive Income (Loss) |
NOTE 7 – COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income, net of applicable taxes, reported on the Company's Condensed Consolidated Balance Sheets consists of unrealized holding gains and losses on available-for-sale securities, unrealized holding gains and losses on certain derivative transactions and foreign currency translation adjustments. A summary of comprehensive income (loss), net of related tax effects, is as follows (in thousands):
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Three Months Ended
June 30, |
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|
Six Months Ended
June 30,
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2011 |
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2010 |
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|
2011 |
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|
2010 |
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Net loss
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|
$ |
(13,558 |
) |
|
$ |
(10,604 |
) |
|
$ |
(788 |
) |
|
$ |
(1,376 |
) |
|
Other comprehensive income (loss):
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|
|
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Unrealized holding gains (losses) on available-for-sale securities
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|
60 |
|
|
|
17 |
|
|
|
118 |
|
|
|
(5 |
) |
|
Unrealized derivative holding gains (losses) arising during period
|
|
|
(2,651 |
) |
|
|
4,285 |
|
|
|
(5,594 |
) |
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|
5,154 |
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|
Reclassification to net income or loss of previously deferred losses on derivative transactions
|
|
|
328 |
|
|
|
260 |
|
|
|
528 |
|
|
|
1,429 |
|
|
Foreign currency translation adjustments
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|
|
8,114 |
|
|
|
(12,854 |
) |
|
|
21,208 |
|
|
|
(13,359 |
) |
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Other comprehensive income (loss)
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|
5,851 |
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|
|
(8,292 |
) |
|
|
16,260 |
|
|
|
(6,781 |
) |
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|
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|
|
|
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|
|
|
|
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|
Comprehensive income (loss)
|
|
$ |
(7,707 |
) |
|
$ |
(18,896 |
) |
|
$ |
15,472 |
|
|
$ |
(8,157 |
) |
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|
|
|
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Accumulated other comprehensive income, net of related tax effects, consisted of the following (in thousands):
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|
June 30,
2011 |
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|
December 31,
2010 |
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|
June 30,
2010
|
|
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Unrealized holding gains on available-for-sale securities
|
|
$ |
154 |
|
|
$ |
36 |
|
|
$ |
59 |
|
|
Unrealized holding gains (losses) on derivative transactions
|
|
|
(6,737 |
) |
|
|
(1,671 |
) |
|
|
5,425 |
|
|
Foreign currency translation adjustments
|
|
|
69,558 |
|
|
|
48,350 |
|
|
|
31,179 |
|
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|
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|
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|
|
|
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Accumulated other comprehensive income
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|
$ |
62,975 |
|
|
$ |
46,715 |
|
|
$ |
36,663 |
|
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