STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2015

Stockholders Equity Note [Abstract]

Stockholders' Equity

NOTE 16— STOCKHOLDERS’ EQUITY

The changes in the number of ordinary shares outstanding and treasury shares held by the Company are as follows:

	Year Ended December 31,
	2015			2014
Ordinary shares outstanding
Beginning balance		237,809,823			237,141,071
Common stock issued		1,672,923			938,485
Purchase of common stock		(465,822	)		(269,733	)
Ending balance		239,016,924			237,809,823
Ordinary shares held as Treasury shares
Beginning balance		7,400,027			7,130,294
Purchase of common stock		465,822			269,733
Cancellation of shares under 2014 LTIP		(41,645	)		-
Ending balance		7,824,204			7,400,027
Ordinary shares issued at the end of the period		246,841,128			245,209,850

Accumulated Other Comprehensive Income (Loss) (AIOC)

The components of AOCI included in stockholders’ equity are as follows:

	December 31, 2015			December 31, 2014
	(In thousands)
Foreign currency translation adjustments	$	(29,925	)	$	(15,212	)
Net gain on investments		247			241
Net loss on derivative financial instruments		(64,277	)		(82,837	)
Accumulated other comprehensive loss	$	(93,955	)	$	(97,808	)

The following table presents the components of AOCI and the amounts that were reclassified during 2015 and 2014:

	Foreign Currency Translation adjustments			Unrealized holding gain (loss) on investments		Gain (loss) on derivatives(1)			TOTAL
	(In thousands)
Balance, January 1, 2014	$	(2,562	)	$	238	$	(45,386	)	$	(47,710	)
Other comprehensive income (loss) before reclassification		(9,250	)		3		(65,503	)		(74,750	)
Amounts reclassified from AOCI		(3,400	)		-		28,052	(2)		24,652
Net current period other comprehensive income (loss)		(12,650	)		3		(37,451	)	$	(50,098	)
Balance, December 31, 2014	$	(15,212	)	$	241	$	(82,837	)	$	(97,808	)
Other comprehensive income (loss) before reclassification		(12,470	)		6		(57,459	)		(69,923	)
Amounts reclassified from AOCI		(2,243	)		-		76,019	(2)		73,776
Net current period other comprehensive income (loss)		(14,713	)		6		18,560			3,853
Balance, December 31, 2015	$	(29,925	)	$	247	$	(64,277	)	$	(93,955	)

⁽¹⁾ Refer to Note 11, Derivative Financial Instruments, for additional details

⁽²⁾ Reclassified to cost of operations and gain on foreign currency, net