ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2012

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

The table below provides the balances for each classification of accumulated other comprehensive loss as of September 30, 2012 and December 31, 2011 (in thousands): 

	September 30, 2012			December 31, 2011
Foreign currency translation adjustments, net of tax (1)	$	(63,058	)	$	(88,312	)
Net unrealized gain on marketable securities, net of tax (2)	186			730
Accumulated other comprehensive loss	$	(62,872	)	$	(87,582	)

(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 September 30, 2012 of $50.1 million after tax ($85.7 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 gain before tax at September 30, 2012 and December 31, 2011 was $0.3 million and $1.0 million, respectively.