Foreign Currencies, Foreign Currency Translation and Comprehensive Income

9 Months Ended

Sep. 30, 2011

Functional Currencies Foreign Currency Translation And Comprehensive Income Loss [Abstract]

Functional Currencies, Foriegn Currency Translation and Comprehensive Income [TextBlock]

NOTE B – Functional Currencies, Foreign Currency Translation and Comprehensive Income (Loss)

Functional Currencies and Foreign Currency Translation – The functional currency for the Company's China subsidiaries is the U.S. dollar, while other subsidiaries, including subsidiaries in Taiwan and the United Kingdom (“U.K.”), use their local currency as their functional currency. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are recorded as other income (expense) in the consolidated condensed statements of operations. The Company had foreign exchange transaction gain of approximately$1million and loss of approximately $0 million for the three months ended September 30, 2011 and 2010, respectively, and gain of approximately $2 million and loss of approximately $1 million for the nine months ended September 30, 2011 and 2010, respectively.

Comprehensive Income (Loss)– U.S. GAAP generally requires that recognized revenues, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as separate components of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income or loss.

Total comprehensive income (loss) for the three and ninemonths ended September 30, 2011 and 2010 is as follows (in thousands):

Total Comprehensive Income (Loss)
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2011		2010		2011		2010
Net income	$	10,707	$	22,069	$	49,694	$	55,299
Translation adjustment		(6,852)		7,361		(621)		(3,552)
Unrealized gain/(loss) on defined benefit plan, net of tax		(3,783)		1,802		1,347		(4,068)
Comprehensive income		72		31,232		50,420		47,679
Less: Comprehensive income attributable to noncontrolling interest		(750)		(907)		(2,072)		(2,532)
Total comprehensive income (loss) attributable to common stockholders	$	(678)	$	30,325	$	48,348	$	45,147