Annual report pursuant to Section 13 and 15(d)

Comprehensive Income

v2.4.0.6
Comprehensive Income
 12 Months Ended
Dec. 31, 2011
Comprehensive Income [Abstract]  
Comprehensive Income

NOTE 17—COMPREHENSIVE INCOME

 

Accumulated other comprehensive income, net of applicable taxes, reported on the Company's Consolidated Balance Sheets consists of unrealized gains and losses on available-for-sale securities, unrealized gains and losses on derivative transactions and foreign currency translation adjustments. A summary of comprehensive income, net of related tax effects, for the years ended December 31, is as follows (in thousands):

 

     2011     2010     2009  

Net income

    $ 103,479      $ 77,037      $ 67,021   

Other comprehensive income:

       

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

      (38 )      (28 )      64   

Unrealized derivative holding gains (losses) arising during period (net of tax expense (benefit)) of $351, ($725) and ($1,054) in 2011, 2010 and 2009, respectively)

      3,489        1,167        (3,024 ) 

Reclassification to net income of previously deferred (gains) losses on derivative transactions (net of tax benefit of $1,507, $269 and $227 in 2011, 2010 and 2009, respectively)

      5,432        (1,680 )      (616 ) 

Foreign currency translation adjustments

      (8,701 )      3,812        13,854   
  

 

 

    

 

 

    

 

 

  

Other comprehensive income

      182        3,271        10,278   
  

 

 

    

 

 

    

 

 

  

Comprehensive income

    $ 103,661      $ 80,308      $ 77,299   
  

 

 

    

 

 

    

 

 

  

 

Accumulated other comprehensive income, net of related tax effects, is as follows (in thousands):

 

     December 31,  
     2011     2010  

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

    $ (2 )    $ 36   

Unrealized holding gains (losses) on derivative transactions

      7,250        (1,671 ) 

Foreign currency translation adjustments

      39,649        48,350   
  

 

 

    

 

 

  

Accumulated other comprehensive income

    $ 46,897      $ 46,715