ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [ABSTRACT]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

(12)ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

In 2013, the Company adopted new accounting guidance that requires an entity to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The following table presents changes in the accumulated balance for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss) (amounts in thousands):

			Foreign Currency Translation Adjustment		Derivative Valuation, Net of Tax		Other, Net of Tax		Totals
Accumulated other comprehensive income
	(loss) at December 31, 2012		$	15,673	$	9,559	$	(2,251)	$	22,981
	Other comprehensive income before reclassifications			(16,263)		(8,702)		7		(24,958)
	Amounts reclassified from accumulated other
		comprehensive income (loss)		-		(3,501)		292		(3,209)
		Net current period other comprehensive income (loss)		(16,263)		(12,203)		299		(28,167)
Accumulated other comprehensive income
	(loss) at June 30, 2013		$	(590)	$	(2,644)	$	(1,952)	$	(5,186)
Accumulated other comprehensive income
	(loss) at December 31, 2011		$	3,156	$	(5,852)	$	(2,778)	$	(5,474)
	Other comprehensive income (loss) before reclassifications			3,205		9,095		242		12,542
	Amounts reclassified from accumulated other
		comprehensive income (loss)		-		(279)		408		129
		Net current period other comprehensive income (loss)		3,205		8,816		650		12,671
Accumulated other comprehensive income
	(loss) at June 30, 2012		$	6,361	$	2,964	$	(2,128)	$	7,197

The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the statement of comprehensive income (loss) (in thousands):

			For the Three Months Ended June 30,
			2013		2012		Statement of Comprehensive Income (Loss) Classification
Derivative valuation
	Gain (loss) on foreign currency forward
		exchange contracts	$	2,850	$	692	Revenue
	Loss on interest rate swaps			(257)		(183)	Interest expense
	Tax effect			(1,011)		(204)	Provision for income taxes
			$	1,582	$	305	Net income (loss)
Other
	Actuarial loss on defined benefit plan		$	(154)	$	(218)	Cost of services
	Tax effect			9		13	Provision for income taxes
			$	(145)	$	(205)	Net income (loss)
			For the Six Months Ended June 30,
			2013		2012		Statement of Comprehensive Income (Loss) Classification
Derivative valuation
	Gain (loss) on foreign currency forward
		exchange contracts	$	6,310	$	649	Revenue
	Loss on interest rate swaps			(514)		(183)	Interest expense
	Tax effect			(2,295)		(187)	Provision for income taxes
			$	3,501	$	279	Net income (loss)
Other
	Actuarial loss on defined benefit plan		$	(311)	$	(434)	Cost of services
	Tax effect			19		26	Provision for income taxes
			$	(292)	$	(408)	Net income (loss)