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Comprehensive Income
6 Months Ended
Jun. 30, 2011
Comprehensive Income  
Comprehensive Income

Note 11 – Comprehensive Income

 

      Quarter Ended June 30,     Six Months Ended June 30,  
(In thousands)    2011     2010     2011     2010  

Net income

   $ 77,775      $ 94,642      $ 101,977      $ 85,455   

Unrealized foreign currency translation gains (losses)

     (190     175        (885     155   

Change in fair value of available-for-sale investment

     5        (360     263        (170

Change in fair value of derivatives

     5,395        (873     43,440        6,670   

Realization of (gains) losses into net income from OCI

     (13,051     (8,791     (18,461     (14,601

Pension liability adjustments

     251        237        5,403        (3,336
  

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income

   $ 70,185      $ 85,030      $ 131,737      $ 74,173   
  

 

 

   

 

 

   

 

 

   

 

 

 

In June 2011, the FASB issued authoritative guidance requiring entities to report components of other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. Retrospective application will be required beginning in 2012. The company only expects this authoritative guidance to affect the presentation in its consolidated financial statements.