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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2015, 2014 and 2013.

Gains (Losses) on derivatives

 

                                
     2015      2014      2013  
     (In thousands)  

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

    $ —         $ 724 *     $ (6,796 ) 

 

* 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, 2015, 2014 and 2013.

Gains (Losses) recognized in other income, net:

 

                                
     2015      2014      2013  
     (In thousands)  

Gains/ (Losses) recognized in other income, net

    $ —         $ 3,836       $ (11,258 ) 
Change in Balances of Accumulated Comprehensive Income (Loss)

The change in balances of accumulated comprehensive loss for the year ended December 31, 2015 is as follows:

 

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

Beginning balance

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

Other comprehensive income (loss) before reclassifications

      (45,736 )       50         524         (45,162 ) 

Amounts reclassified from accumulated other comprehensive income (loss)

      —           (4,318 )       115         (4,203 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive income (loss)

    $ (45,736 )     $ (4,268 )     $ 639       $ (49,365 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Ending balance

    $ (235,146 )     $ 332       $ (795 )     $ (235,609 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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 income (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
Income (Loss)		  

Beginning balance

    $ (85,979 )     $ 846       $ (1,000 )     $ (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 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  
Reclassifications out of Accumulated Other Comprehensive Income (Loss)

Reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2015 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    $ (6,580 )     $ 2,262       $ (4,318 ) 

Amortization of prior service cost included in net periodic pension cost

    Direct cost    $ 149       $ (34 )     $ 115   

 

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 the 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 and losses on available for sale securities

    Other income    $ (942 )     $ 244       $ (698 ) 

Amortization of prior service cost included in net periodic pension cost

    Direct cost    $ 146       $ (27 )     $ 119   
Total (Tax) Benefit on Other Comprehensive Income (Loss)

Total tax (expense) benefit on other comprehensive income (loss) for the years ended December 31, 2015, 2014 and 2013 is as follows:

 

     2015      2014      2013  
     (In thousands)  

Tax expense on Foreign currency translation adjustments

    $ (308 )     $ (337 )     $ —     

Tax expense on unrealized gains on securities

      2,196         (430 )       (1,556 ) 

Tax (expense) benefit on defined benefit pension plans

      (312 )       379         (121 ) 
  

 

 

     

 

 

     

 

 

  

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

    $ 1,576       $ (388 )     $ (1,677 ) 
  

 

 

     

 

 

     

 

 

  
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