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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2011
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss

3. Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of tax, are as follows (in thousands):

 

       Derivatives      Unrealized Gains
(Losses) on
Investments
     Postretirement
Benefits
     Proportionate
Share of  Telesat
Other
Comprehensive
Loss
     Accumulated
Other
Comprehensive
Loss
 

Balance at January 01, 2009

     $ 18,182       $ 117       $ (65,029    $ —         $ (46,730

Period Change

       (11,900      658         233         (5,139      (16,148
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 31, 2009

     $ 6,282       $ 775       $ (64,796    $ (5,139    $ (62,878

Period Change

       (13,035      340         (17,251      (3,049      (32,995
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 31, 2010

     $ (6,753    $ 1,115       $ (82,047    $ (8,188    $ (95,873

Period Change

       5,447         (535      (50,648      (12,866      (58,602
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 31, 2011

     $ (1,306    $ 580       $ (132,695    $ (21,054    $ (154,475
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

The activity in other comprehensive income (loss) and related income tax effects were as follows (in thousands):

 

       Year Ended December 31,  
       2011      2010      2009  

Derivatives:

          

Unrealized loss on foreign currency hedges, net of tax benefit of $3,549 and $6,368 in 2011 and 2010, respectively

     $ (5,272    $ (9,422    $ (94

Less: reclassification adjustment for loss (gain) included in net income, net of tax provision of $7,216 in 2011 and tax benefit of $2,441 in 2010

       10,719         (3,613      (11,806
    

 

 

    

 

 

    

 

 

 

Unrealized gain (loss) on derivatives, net

       5,447         (13,035      (11,900
    

 

 

    

 

 

    

 

 

 

Unrealized gain (loss) on investments:

          

Unrealized gain (loss) on available-for-sale securities, net of tax benefit of $360 in 2011 and tax provision of $230 in 2010

       (535      340         658   
    

 

 

    

 

 

    

 

 

 

Postretirement benefits:

          

Net actuarial losses and prior service credits, net of tax benefit of $34,424 and $11,254 in 2011 and 2010, respectively

       (51,172      (16,637      (179

Amortization of actuarial gains and prior service credits, net of tax provision of $352 in 2011 and tax benefit of $415 in 2010

       524         (614      412   
    

 

 

    

 

 

    

 

 

 

Postretirement benefits

       (50,648      (17,251      233   
    

 

 

    

 

 

    

 

 

 

Proportionate share of Telesat other comprehensive loss:

          

Proportionate share of Telesat other comprehensive loss, net of tax benefit of $8,651 and $2,052 in 2011 and 2010, respectively

       (12,866      (3,049      (5,139
    

 

 

    

 

 

    

 

 

 

Other comprehensive loss

     $ (58,602    $ (32,995    $ (16,148