COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2011

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

13. COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The table below provides the detail of comprehensive income for the three and nine months ended September 30, 2011 and 2010 (in thousands):

	Three Months Ended						Nine Months Ended
	September 30,2011			September 30,2010			September 30,2011			September 30,2010
Net income applicable tocommon stockholders	$	469,499		$	222,980		$	830,655		$	391,812
Net unrealized gain (loss) on investment securities	665			(163		)	180			87
Currency translation gain (loss)	(79,978		)	75,788			(27,126		)	(16,135		)
Comprehensive income	$	390,186		$	298,605		$	803,709		$	375,764

The table below provides the balances for each classification of accumulated other comprehensive loss as of September 30, 2011 and December 31, 2010 (in thousands):

	September 30, 2011			December 31, 2010
Foreign currency translation adjustments (1)	$	(60,533	)	$	(33,407	)
Net unrealized gain on investment securities (2)	698			518
Accumulated other comprehensive loss	$	(59,835	)	$	(32,889	)

(1)Includes net gains from fair value adjustments at September 30, 2011 of $22,722 after tax ($38,631 before tax) and net gains from fair value adjustments at December 31, 2010 of $15,827 after tax ($27,138 before tax) associated with net investment hedges (see Note 6).  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, 2011 and December 31, 2010 was $985 and $714, respectively.