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DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2011
Derivative Instruments Not Designated as Hedging Instruments

The following disclosures summarize the fair value of derivative instruments not designated as hedging instruments in the condensed consolidated balance sheets and the effect of changes in fair value related to those derivative instruments not designated as hedging instruments on the condensed consolidated statements of income.

 

Derivative Instruments Not Designated       Fair Value as of  

As Hedging Instruments

 

Balance Sheet Location

  June 30, 2011     December 31, 2010  
        (In thousands)  

Asset Derivatives:

     

Note Hedge

  Other noncurrent assets   $ 88,542      $ 112,400   

Liability Derivatives:

     

Cash Conversion Option

  Long-term debt   $ 90,724      $ 115,994   

Contingent interest features of the Debentures and 3.25% Notes

  Other noncurrent liabilities   $ 0      $ 0   

 

        Amount of Gain or (Loss) Recognized in Income on
Derivative
 

Effect on Income of Derivative

Instruments Not Designated

As Hedging Instruments

 

Location of Gain or (Loss)

Recognized in Income on

Derivatives

  For the  Three
Months
Ended

June 30, 2011
    For the Three
Months  Ended
June 30, 2010
    For the Six
Months Ended
June 30, 2011
    For the Six
Months Ended
June 30, 2010
 
              (In thousands)        

Note Hedge

  Non-cash convertible debt related expense   $ (14,620   $ (7,045   $ (23,857   $ (43,941

Cash Conversion Option

  Non-cash convertible debt related expense     14,758        5,704        25,270        44,523   

Contingent interest features of the Debentures and Notes

  Non-cash convertible debt related expense     —          —          —          —     
                                 

Effect on income of derivative instruments not designated as hedging instruments

  $ 138      $ (1,341   $ 1,413      $ 582