Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.0.6
Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
ACCUMULATED OTHER COMPREHENSIVE INCOME
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 gains and losses on certain derivative transactions and foreign currency translation adjustments. The following table sets forth the changes in accumulated other comprehensive income, net of tax, for the three months ended March 31, 2013 (in thousands):
 
 
Unrealized gains (losses) on available for sale securities
 
Unrealized holding gains (losses) on derivative transactions
 
Foreign currency translation adjustments
 
Total
Balance at December 31, 2012
 
$
(9
)
 
$
2,505

 
$
44,167

 
$
46,663

Other comprehensive income before reclassifications
 
9

 
2,153

 
(12,657
)
 
(10,495
)
Amounts reclassified from other comprehensive income
 
—

 
(723
)
 
—

 
(723
)
Net other comprehensive income during the period
 
9

 
1,430

 
(12,657
)
 
(11,218
)
Balance at March 31, 2013
 
$
—

 
$
3,935

 
$
31,510

 
$
35,445

The following table sets forth the changes in accumulated other comprehensive income, net of tax, for the three months ended March 31, 2012 (in thousands):
 
 
Unrealized gains (losses) on available for sale securities
 
Unrealized holding gains (losses) on derivative transactions
 
Foreign currency translation adjustments
 
Total
Balance at December 31, 2011
 
$
(2
)
 
$
7,250

 
$
39,649

 
$
46,897

Other comprehensive income before reclassifications
 
(1
)
 
(1,170
)
 
4,607

 
3,436

Amounts reclassified from other comprehensive income
 
—

 
(707
)
 
—

 
(707
)
Net other comprehensive income during the period
 
(1
)
 
(1,877
)
 
4,607

 
2,729

Balance at March 31, 2012
 
$
(3
)
 
$
5,373

 
$
44,256

 
$
49,626


All reclassification adjustments related to derivative transactions are recorded in cost of sales on the Condensed Consolidated Statements of Operations. See Note 10 for further information regarding derivative instrument reclassification adjustments.