DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Financial Instruments

The following tables summarize our derivative financial instruments:

Asset and Liability Derivatives

	June 30, 2012		December 31, 2011
	(Unaudited)
	(In thousands)
Derivatives Designated as Hedges:
Location
Accounts receivable–other	$	3,582	$	2,765
Other assets		—		66
Total asset derivatives	$	3,582	$	2,831
Accounts payable	$	8,177	$	6,891
Other liabilities		7,186		969
Total liability derivatives	$	15,363	$	7,860

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,
	2012			2011		2012			2011
	(Unaudited) (In thousands)
Derivatives Designated as Hedges:
Amount of gain (loss) recognized in other comprehensive income (loss)	$	(18,164	)	$	3,311	$	(24,204	)	$	11,378
Income (loss) reclassified from AOCI into income: effective portion
Location
Cost of operations	$	676		$	93	$	1,970		$	(42	)
Loss recognized in income: ineffective portion and amount excluded from effectiveness testing
Location
Gain (loss) on foreign currency – net	$	9,115		$	147	$	11,465		$	(1,823	)