Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2011

Comprehensive Income (Loss)

Comprehensive Income (Loss)

9. Comprehensive Income (Loss)

Comprehensive income (loss) consisted of the following amounts on the dates set forth below:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2010			2011			2010			2011
Net income, as reported	$	38,002		$	35,617		$	76,184		$	118,399
Other comprehensive income (loss):
Cumulative translation adjustment		25,867			(26,530	)		(6,585	)		(3,015	)
Change in fair value of hedging transactions, net of tax (expense) benefit of ($2,240), $2,093, ($784) and $1,059, respectively		5,360			(4,455	)		1,376			(2,461	)
Reclassification adjustment for hedging results included in direct costs, net of tax benefit of $673, $609, $1,609 and $1,904, respectively		(1,274	)		(1,198	)		(2,835	)		(3,963	)
Net unrealized gain (loss) on investments, net of tax benefit (expense) of $73, $1,956, ($1,089) and $1,347, respectively		(131	)		(3,598	)		2,102			(2,471	)
Reclassification to net income of other-than- temporary impairment on investments, net of tax expense of $0, ($6,235), $0 and ($6,245), respectively		—			11,467			—			11,457
Total other comprehensive income (loss)		29,822			(24,314	)		(5,942	)		(453	)
Comprehensive income (loss)	$	67,824		$	11,303		$	70,242		$	117,946

Accumulated other comprehensive loss consisted of the following amounts on the dates set forth below:

	December 31, 2010			September 30, 2011
Translation adjustment	$	28		$	(2,987	)
Pension liability, net of tax benefit of $4,865		(11,705	)		(11,705	)
Fair value on hedging transactions, net of tax (expense) benefit of ($1,714) and $1,188, respectively		3,523			(2,901	)
Net unrealized losses on investments, net of tax benefit of $4,899 and $0, respectively		(8,986	)		—
Total	$	(17,140	)	$	(17,593	)

The Company recognized an other-than-temporary impairment on its remaining asset-backed and auction rate securities as of September 30, 2011. As a result, the total accumulated unrealized losses and related tax benefits associated with the investment portfolio were recognized in earnings.