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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Net Gain (Losses) Recorded in Accumulated Other Comprehensive Income (Loss) Relating to Foreign Exchange Contracts Designated as Net Investment Hedges

The following table presents the net gains (losses) recorded in accumulated other comprehensive income (loss) relating to the foreign exchange contracts designated as net investment hedges for the periods ending December 31, 2014, 2013 and 2012.

Gains (Losses) on derivatives

 

     2014      2013      2012  
     (In thousands)  

Gains/(losses) recognized in other comprehensive income (loss)

   $ 724    $ (6,796    $ (1,558

 

* For and up to three months ended March 31, 2014
Net Gains (Losses) Recorded in Other Income and Consolidated Statements of Income (Expense), Net Relating to Foreign Exchange Contracts Not Designated as Hedges

The following table presents the net gains (losses) recorded in other income relating to the foreign exchange contracts not designated as hedges for the periods ending December 31, 2014, 2013 and 2012.

Gains (Losses) recognized in other income, net:

 

     2014      2013      2012  
     (In thousands)  

Gains/(Losses) recognized in other income, net

   $ 3,836       $ (11,258    $ (2,815

Change in Balances of Accumulated Comprehensive Income (Loss)

The change in balances of accumulated comprehensive loss for the year ended December 31, 2014 is as follows:

 

                          (In thousands)  
     Foreign
Currency
Translation
Adjustments
     Unrealized
Gains
(Losses)
on
Securities
     Defined
Benefit
Pension
Plans
     Accumulated
Other
Comprehensive
Loss
 

Beginning balance

   $ (157,416    $ 3,808       $ (695    $ (154,303

Other comprehensive income (loss) before reclassifications

     (28,994      3,853         (758      (25,899

Amounts reclassified from accumulated other comprehensive income (loss)

     —           (3,061      19         (3,042

Out-of-period adjustment

     (3,000      —           —           (3,000
  

 

 

    

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive income (loss)

$ (31,994 $ 792    $ (739 $ (31,941
  

 

 

    

 

 

    

 

 

    

 

 

 

Ending balance

$ (189,410 $ 4,600    $ (1,434 $ (186,244
  

 

 

    

 

 

    

 

 

    

 

 

 

 

The change in balances of accumulated comprehensive loss for the year ended December 31, 2013 is as follows:

 

                          (In thousands)  
     Foreign
Currency
Translation
Adjustments
     Unrealized
Gains
(Losses) on
Securities
     Defined
Benefit
Pension
Plans
     Accumulated
Other
Comprehensive
Loss
 

Beginning balance

   $ (85,979    $ 846       $ (1000    $ (86,133

Other comprehensive income (loss) before reclassifications

     (71,437      3,660         186         (67,591

Amounts reclassified from accumulated other comprehensive income (loss)

     —           (698      119         (579
  

 

 

    

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive income (loss)

$ (71,437 $ 2,962    $ 305    $ (68,170
  

 

 

    

 

 

    

 

 

    

 

 

 

Ending balance

$ (157,416 $ 3,808    $ (695 $ (154,303
  

 

 

    

 

 

    

 

 

    

 

 

 

 

The change in balances of accumulated comprehensive income (loss) for the year ended December 31, 2012 is as follows:

(In thousands)

 

     Foreign
Currency
Translation
Adjustments
     Unrealized
Gains
(Losses)
on
Securities
     Defined
Benefit
Pension
Plans
     Accumulated
Other
Comprehensive
Income (Loss)
 

Beginning balance

   $ (72,511    $ 164       $ (87    $ (72,434

Other comprehensive income (loss) before reclassifications

     (13,468      776         (939      (13,631

Amounts reclassified from accumulated other comprehensive income (loss)

     —           (94      26         (68
  

 

 

    

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive income (loss)

$ (13,468 $ 682    $ (913 $ (13,699
  

 

 

    

 

 

    

 

 

    

 

 

 

Ending balance

$ (85,979 $ 846    $ (1,000 $ (86,133
  

 

 

    

 

 

    

 

 

    

 

 

 

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

Reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2014 is as follows:

 

                 (In thousands)  

Details about Accumulated Other Comprehensive Income (Loss) Components

   Affected Line
Item in the
Statement
Where Net
Income Is
Presented
   Before
Tax
Amount
     Tax
(Expense)
Benefit
     Net
of Tax
 

Unrealized gains on available for sale securities realized in current year

   Other income    $ (4,555    $ 1,494       $ (3,061

Amortization of prior service cost included in net periodic pension cost

   Direct cost    $ 29       $ (10    $ 19   

 

Reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2013 is as follows:

(In thousands)

 

Details about Accumulated Other Comprehensive Income (Loss) Components

   Affected Line
Item in the
Statement
Where Net
Income Is
Presented
   Before
Tax
Amount
     Tax
(Expense)
Benefit
     Net
of Tax
 

Unrealized gains on available for sale securities realized in the current year

   Other income    $ (942    $ 244       $ (698

Amortization of prior service cost included in net periodic pension cost

   Direct cost    $ 146       $ (27    $ 119  

 

Reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2012 is as follows:

(In thousands)

 

Details about Accumulated Other Comprehensive Income (Loss) Components

   Affected Line
Item in the
Statement
Where Net
Income Is
Presented
   Before
Tax
Amount
     Tax
(Expense)
Benefit
     Net
of Tax
 

Unrealized gains and losses on available for sale securities

   Other income    $ (269    $ 175       $ (94

Amortization of prior service cost included in net periodic pension cost

   Direct cost    $ 32       $ (6    $ 26   
Total (Taxes) Benefit on Other Comprehensive Income (Loss)

Total (taxes) benefit on other comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012 is as follows:

 

     2014      2013      2012  
     (In thousands)  

(Tax) benefit on Foreign currency translation adjustments

   $ (337    $ —         $ —     

(Taxes) benefit on unrealized gains (losses) on securities

     (430      (1,556      35   

(Tax) benefit on defined benefit pension plans

     379         (121      106   
  

 

 

    

 

 

    

 

 

 

Total (taxes) benefit on other comprehensive income (loss)

$ (388 $ (1,677 $ 141   
  

 

 

    

 

 

    

 

 

 

Schedule of Estimated Useful Lives

Depreciation is computed primarily using the straight-line method over the estimated useful lives as follows:

 

     Years

Office building

   30

Residential property

   20

Computer equipment and software

   3

Furniture, fixtures and other equipment

   5-7

Vehicles

   3-5

Leasehold improvements

   Shorter of economic life or life of lease

Leasehold land

   Shorter of economic life or life of lease