DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Financial Instruments

The following tables summarize our derivative financial instruments:

Asset and Liability Derivatives

	June 30, 2011		December 31, 2010
	(Unaudited)
	(In thousands)
Derivatives Designated as Hedges:
Foreign Exchange Contracts:
Location
Accounts receivable–other	$	15,922	$	6,066
Other assets		2,014		3,225
Total asset derivatives	$	17,936	$	9,291
Accounts payable	$	8,684	$	2,207
Other liabilities		7,792		5,733
Total liability derivatives	$	16,476	$	7,940

Effects of Derivative Instruments on Financial Statements

The Effects of Derivative Instruments on our Financial Statements

	Three Months Ended June 30,					Six Months Ended June 30,
	2011		2010			2011			2010
	(Unaudited) (In thousands)
Derivatives Designated as Hedges:
Foreign Exchange Contracts:
Amount of gain (loss) recognized in other comprehensive income (loss)	$	3,311	$	(7,318	)	$	11,378		$	(12,271	)
Income (loss) reclassified from AOCI into income: effective portion
Location
Cost of operations	$	93	$	2,625		$	(42	)	$	2,887
Loss recognized in income: ineffective portion and amount excluded from effectiveness testing
Location
Other income (expense) – net	$	147	$	(1,717	)	$	(1,823	)	$	(4,066	)