ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2014

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, 2014 and December 31, 2013 (in thousands): 

	September 30, 2014			December 31, 2013
Foreign currency translation adjustments, net of tax (1)	$	(46,399	)	$	84,598
Net unrealized gain (loss) on marketable securities, net of tax (2)	(25,805		)	131
Accumulated other comprehensive income (loss)	$	(72,204	)	$	84,729

(1) Foreign currency translation adjustments, net of tax, includes net losses from fair value adjustments at September 30, 2014 of $37.8 million after tax ($57.8 million before tax) and net losses from fair value adjustments at December 31, 2013 of $58.7 million after tax ($98.8 million before tax) associated with derivatives designated as net investment hedges (see Note 5).

Foreign currency translation adjustments, net of tax, includes foreign currency transaction gains at September 30, 2014 of $17.6 million after tax ($30.8 million before tax) associated with the Company's 2024 Notes, which are Euro denominated debt, designated as a net investment hedge (see Note 8).

The remaining balance in currency translation adjustments excludes income taxes as a result of the Company's intention to indefinitely reinvest the earnings of its non-U.S. subsidiaries outside of the United States.

(2) The unrealized loss before tax at September 30, 2014 was $34.4 million compared to the unrealized gain before tax of $0.2 million at December 31, 2013.