ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2013

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

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The table below provides the balances for each classification of accumulated other comprehensive income (loss) as of September 30, 2013 and December 31, 2012 (in thousands): 

	September 30, 2013		December 31, 2012
Foreign currency translation adjustments, net of tax (1)	$	39,175	$	(23,786	)
Net unrealized gain on marketable securities, net of tax (2)	586		110
Accumulated other comprehensive income (loss)	$	39,761	$	(23,676	)

(1) Foreign currency translation adjustments, net of tax, includes net losses from fair value adjustments at September 30, 2013 of $17.8 million after tax ($30.9 million before tax) and net gains from fair value adjustments at December 31, 2012 of $23.8 million after tax ($38.7 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, 2013 and December 31, 2012 was $0.9 million and $0.2 million, respectively.