Other (Expense) Income, Net

9 Months Ended

Sep. 30, 2011

Other (Expense) Income, Net

Other (Expense) Income, Net

NOTE 10 — OTHER (EXPENSE) INCOME, NET

Other income (expense), net consists of the following (in thousands):

	Three Months Ended September 30						Nine Months Ended September 30
	2011			2010			2011			2010
Interest income	$	450		$	682		$	1,576		$	1,526
Interest expense		(852	)		(1,116	)		(2,621	)		(3,355	)
Foreign currency (losses) gains, net (1)		(7,338	)		5,379			(2,477	)		(3,474	)
Forward foreign currency contracts gains (losses), net (2)		2,225			(3,308	)		(268	)		(803	)
Other income (expense), net		21			106			139			400
Total other (expense) income, net	$	(5,494	)	$	1,743		$	(3,651	)	$	(5,706	)

(1) Our foreign currency (losses) gains, net are predominantly attributable to the re-measurement gains or losses on our net balances of monetary assets and liabilities in our foreign subsidiaries which were primarily denominated in the Euro, and to a lesser extent, the British Pound and Canadian Dollar. The foreign currency re-measurement adjustments to these balance sheet items are calculated by comparing the currency spot rates at the end of a month to the spot rates at the end of the previous month.

(2) Relates to changes in fair value of our forward foreign currency contracts not designated as hedging instruments. See Note 15 — Derivative Instruments for further details.