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ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]    
Foreign currency translation adjustments, net of tax (1) $ (107,589,000) [1] $ (88,312,000) [1]
Net unrealized (loss) gain on marketable securities, net of tax (2) (58,000) [2] 730,000 [2]
Accumulated other comprehensive loss (107,647,000) (87,582,000)
Net gains from fair value adjustments associated with net investment hedges, after tax 60,900,000 46,200,000
Net gains from fair value adjustments associated with net investment hedges, before tax 104,500,000 79,100,000
Net unrealized gain (loss) on investment securities, before tax $ (100,000) $ 1,000,000
[1] The foreign currency translation adjustments relate primarily to the strengthening of the U.S. Dollar relative to the local currencies our subsidiaries, principally the Euro and British Pound Sterling. Foreign currency translation adjustments, net of tax, includes net gains from fair value adjustments at June 30, 2012 of $60.9 million after tax ($104.5 million before tax) and net gains from fair value adjustments at December 31, 2011 of $46.2 million after tax ($79.1 million before tax) associated with net investment hedges (See Note 5). The remaining balance in currency translation adjustments excludes income taxes due to the Company’s practice and intention to reinvest the earnings of its foreign subsidiaries in those operations.
[2] The unrealized loss before tax at June 30, 2012 was $0.1 million and the unrealized gain before tax at December 31, 2011 was $1.0 million.