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COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
9 Months Ended
Sep. 30, 2011
COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS 
Detail of comprehensive income

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 
2011

 

September 30, 
2010

 

September 30, 
2011

 

September 30, 
2010

 

Net income applicable to common 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

 

Balances for each classification of accumulated other comprehensive loss

 

 

 

 

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.