Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Loss)

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Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2011
Comprehensive Income (Loss)  
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):

 

     Three Months Ended
June 30,
    Six Months Ended
June 30,
 
     2011     2010     2011     2010  

Net loss

   $ (13,558   $ (10,604   $ (788   $ (1,376

Other comprehensive income (loss):

        

Unrealized holding gains (losses) on available-for-sale securities

     60        17        118        (5

Unrealized derivative holding gains (losses) arising during period

     (2,651     4,285        (5,594     5,154   

Reclassification to net income or loss of previously deferred losses on derivative transactions

     328        260        528        1,429   

Foreign currency translation adjustments

     8,114        (12,854     21,208        (13,359
  

 

 

   

 

 

   

 

 

   

 

 

 

Other comprehensive income (loss)

     5,851        (8,292     16,260        (6,781
  

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income (loss)

   $ (7,707   $ (18,896   $ 15,472      $ (8,157
  

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income, net of related tax effects, consisted of the following (in thousands):

 

     June 30,
2011
    December 31,
2010
    June 30,
2010
 

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   
  

 

 

   

 

 

   

 

 

 

Accumulated other comprehensive income

   $ 62,975      $ 46,715      $ 36,663