Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2017

Other Comprehensive Income (Loss)

Schedule of tax effects allocated to component of other comprehensive income (loss)

	For the Years Ended December 31,
	2017						2016						2015
	Before		Tax		Net		Before		Tax		Net		Before		Tax		Net
	Tax		(Expense)		of Tax		Tax		(Expense)		of Tax		Tax		(Expense)		of Tax
	Amount		Benefit		Amount		Amount		Benefit		Amount		Amount		Benefit (1)		Amount
	(In thousands)
Foreign currency translation adjustments	$	1,027	$	—	$	1,027	$	—	$	—	$	—	$	—	$	—	$	—
Unrealized holding gains (losses) on available-for-sale securities		9,671		(3,525)		6,146		3,050		(1,111)		1,939		20,205		(7,476)		12,729
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		(11,129)		4,057		(7,072)		(99,312)		36,173		(63,139)		(99,361)		(25,894)		(125,255)
Other comprehensive income (loss)	$	(431)	$	532	$	101	$	(96,262)	$	35,062	$	(61,200)	$	(79,156)	$	(33,370)	$	(112,526)

(1) Prior to December 31, 2012, we had established a valuation allowance against all deferred tax assets that were capital in nature.  At December 31, 2012, it was determined that these deferred tax assets were realizable and the valuation allowance was released, including the valuation allowance related to a specific portfolio of available-for-sale securities for which changes in fair value had historically been recognized as a separate component of “Accumulated other comprehensive income (loss).”  Under the intra-period tax allocation rules, a credit of $63 million was recorded in “Accumulated other comprehensive income (loss)” on our Consolidated Balance Sheets related to the release of this valuation allowance.

We elected to use the aggregate portfolio method to determine when the $63 million would be released from “Accumulated other comprehensive income (loss)” to “Income tax (provision) benefit, net” on our Consolidated Statements of Operations and Comprehensive Income (Loss).  Under the aggregate portfolio approach, the intra-period tax allocation remaining in “Accumulated other comprehensive income (loss)” is not released to “Income tax (provision) benefit, net” until such time that the specific portfolio of available-for-sale securities that generated the original intra-period allocation is liquidated.  During the first quarter 2015, this specific available-for-sale security portfolio was liquidated and the $63 million credit that was previously recorded in “Accumulated other comprehensive income (loss)” was released to “Income tax (provision) benefit, net.”  This adjustment has no net effect on “Net cash flows from operating activities” or “Total stockholders’ equity (deficit).”

Schedule of accumulated other comprehensive income (loss)

		Foreign		Unrealized/
		Currency		Recognized
		Translation		Gains
Accumulated Other Comprehensive Income (Loss)		Adjustment		(Losses)	Total
	(In thousands)
Balance as of December 31, 2015	$	—	$	61,981	$	61,981
Other comprehensive income (loss) before reclassification		—		1,939		1,939
Amounts reclassified from accumulated other comprehensive income (loss)		—		(63,139)		(63,139)
Balance as of December 31, 2016	$	—	$	781	$	781
Foreign currency translation adjustments		1,027		—		1,027
Other comprehensive income (loss) before reclassification		—		6,146		6,146
Amounts reclassified from accumulated other comprehensive income (loss)		—		(7,072)		(7,072)
Balance as of December 31, 2017	$	1,027	$	(145)	$	882