Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2013

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

4.             Other Comprehensive Income (Loss)

The following table presents the tax effects on each component of “Other comprehensive income (loss).”  A full valuation allowance was established against any deferred tax assets that were capital in nature during 2012.

	For the Three Months
	Ended March 31,
	2013							2012
	Before		Tax			Net		Before			Tax		Net
	Tax		(Expense)			of Tax		Tax			(Expense)		of Tax
	Amount		Benefit			Amount		Amount			Benefit		Amount
	(In thousands)
Foreign currency translation adjustments	$	2,737	$	—		$	2,737	$	3,253		$	—	$	3,253
Unrealized holding gains (losses) on available-for-sale securities	17,783		(6,996		)	10,787		51,021			—		51,021
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)	1,362		—			1,362		(80,887		)	—		(80,887		)
Other comprehensive income (loss)	$	21,882	$	(6,996	)	$	14,886	$	(26,613	)	$	—	$	(26,613	)

The “Accumulated other comprehensive income (loss)” is detailed in the following table.

	Foreign			Unrealized/
	Currency			Recognized
	Translation			Gains
Accumulated Other Comprehensive Income (Loss)	Adjustment			(Losses)			Total
	(In thousands)
Balance as of December 31, 2012	$	(5,033	)	$	193,836		$	188,803
Other comprehensive income (loss) before reclassification	2,737			17,783			20,520
Amounts reclassified from accumulated other comprehensive income (loss)	—			1,362			1,362
Tax (expense) benefit	—			(6,996		)	(6,996		)
Balance as of March 31, 2013	$	(2,296	)	$	205,985		$	203,689