COMPREHENSIVE INCOME |
(18) COMPREHENSIVE INCOME
The following table summarizes amounts reclassified out of Accumulated Other Comprehensive Income (AOCI) and their effect on the Company’s Consolidated Statements of Operations for the years ended December 31, 2017 and 2016.
|
|
Amount Reclassified from AOCI (Gain) Loss |
|
|
|
|
|
Years Ended December 31, |
|
|
Consolidated Statement of |
Details about AOCI Components |
|
2017 |
|
|
2016 |
|
|
Operations Classification |
Gains (losses) on cash flow hedges: |
|
|
|
|
|
|
|
|
|
|
Forward foreign currency exchange
contracts |
|
$ |
(5,377 |
) |
|
$ |
6,112 |
|
|
Net product revenues |
Forward foreign currency exchange
contracts |
|
|
264 |
|
|
|
4,161 |
|
|
Selling, general and administrative |
Total gain (loss) on cash flow
hedges |
|
|
(5,113 |
) |
|
|
10,273 |
|
|
|
Gain (loss) on sale of available-for-sale
debt securities |
|
|
3,252 |
|
|
|
(115 |
) |
|
Other income (expense) |
Less income tax effect of the above |
|
|
1,191 |
|
|
|
42 |
|
|
Provision for (benefit from) income taxes |
|
|
$ |
(3,052 |
) |
|
$ |
10,116 |
|
|
Net loss |
The following table summarizes changes in the accumulated balances for each component of other comprehensive loss, including current period reclassifications out of AOCI and other amounts of current-period other comprehensive income, for the years ended December 31, 2017 and 2016.
|
|
Year Ended Balance at December 31, 2017 |
|
|
|
Gains and Losses on Cash Flow Hedges |
|
|
Unrealized Gains on Available-for-Sale Debt Securities |
|
|
Foreign Currency Items |
|
|
Total |
|
AOCI balance at December 31, 2016 |
|
|
13,006 |
|
|
|
(178 |
) |
|
|
(12 |
) |
|
|
12,816 |
|
Other comprehensive income (loss) before
reclassifications |
|
|
(38,351 |
) |
|
|
(755 |
) |
|
|
5 |
|
|
|
(39,101 |
) |
Less: gain (loss) reclassified from AOCI |
|
|
(5,113 |
) |
|
|
3,252 |
|
|
|
|
|
|
|
(1,861 |
) |
Tax effect |
|
|
— |
|
|
|
1,463 |
|
|
|
— |
|
|
|
1,463 |
|
Net current-period other comprehensive income (loss) |
|
|
(33,238 |
) |
|
|
(2,544 |
) |
|
|
5 |
|
|
|
(35,777 |
) |
AOCI balance at December 31, 2017 |
|
$ |
(20,232 |
) |
|
$ |
(2,722 |
) |
|
$ |
(7 |
) |
|
$ |
(22,961 |
) |
|
|
Year Ended Balance at December 31, 2016 |
|
|
|
Gains and Losses on Cash Flow Hedges |
|
|
Unrealized Gains on Available-for-Sale Debt Securities |
|
|
Foreign Currency Items |
|
|
Total |
|
AOCI balance at December 31, 2015 |
|
|
13,602 |
|
|
|
7,441 |
|
|
|
(10 |
) |
|
|
21,033 |
|
Other comprehensive income (loss) before
reclassifications |
|
|
9,677 |
|
|
|
(12,104 |
) |
|
|
(2 |
) |
|
|
(2,429 |
) |
Less: net gain (loss) reclassified from AOCI |
|
|
10,273 |
|
|
|
(115 |
) |
|
|
|
|
|
|
10,158 |
|
Tax effect |
|
|
— |
|
|
|
4,370 |
|
|
|
— |
|
|
|
4,370 |
|
Net current-period other comprehensive loss |
|
|
(596 |
) |
|
|
(7,619 |
) |
|
|
(2 |
) |
|
|
(8,217 |
) |
AOCI balance at December 31, 2016 |
|
|
13,006 |
|
|
|
(178 |
) |
|
|
(12 |
) |
|
|
12,816 |
|
|