DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2015

The following table summarizes our asset and liability derivative financial instruments:

	December 31, 2015		December 31, 2014
	(In thousands)
Derivatives Designated as Hedges:
Location:
Accounts receivable-other	$	1,668	$	1,173
Other assets		215		16
Total asset derivatives	$	1,883	$	1,189

Accounts payable	$	26,649	$	32,431
Other liabilities		4,018		15,670
Total liability derivatives	$	30,667	$	48,101

The following table summarizes the effects of derivative instruments on our financial statements:

	December 31,
	2015			2014
	(In thousands)
Derivatives Designated as Hedges:
Amount of gain/(loss) recognized in other comprehensive income (loss)	$	(57,459	)	$	(65,503	)

Income (loss) reclassified from AOCI into income: effective portion
Location: Cost of operations		76,034			26,418

Gain(loss) recognized in income (loss): ineffective portion and amount excluded from effectiveness testing
Location: Gain (loss) on foreign currency—net		6,238			6,910