NOTE 13—STOCKHOLDERS’ EQUITY

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

	Three Months Ended March 31,
	2018			2017
Shares outstanding
Beginning balance		284,026,820			241,388,277
Common stock issued		2,740,096			2,586,578
Purchase of common stock		(867,203	)		(933,060	)
Ending balance		285,899,713			243,041,795

Shares held as Treasury shares
Beginning balance		8,499,021			8,302,004
Purchase of common stock		867,203			933,060
Retirement of common stock		(858,682	)		(787,267	)
Ending balance		8,507,542			8,447,797

Ordinary shares issued at the end of the period		294,407,255			251,489,592

Accumulated Other Comprehensive Income (Loss)—the components of AOCI included in stockholders’ equity are as follows:


	March 31, 2018			December 31, 2017
	(in thousands)
Foreign currency translation adjustments ("CTA")	$	(49,621	)	$	(49,025	)
Net unrealized gain on investments		400			393
Net unrealized loss on derivative financial instruments		(1,586	)		(1,816	)
Accumulated other comprehensive loss	$	(50,807	)	$	(50,448	)

The following table presents the components of AOCI and the amounts that were reclassified during the periods indicated:

	Foreign currency translation adjustments			Unrealized holding gain (loss) on investments		Gain (loss) on derivative⁽¹⁾				TOTAL
	(In thousands)
Balance, January 1, 2017	$	(42,082	)	$	269	$	(25,082	)		$	(66,895	)
Other comprehensive income before reclassification		239			19		5,602				5,860
Amounts reclassified from AOCI		-			-		(3,449	)	⁽²⁾		(3,449	)
Net current period other comprehensive income		239			19		2,153				2,411
Balance, March 31, 2017	$	(41,843	)	$	288	$	(22,929	)		$	(64,484	)

Balance, January 1, 2018	$	(49,025	)	$	393	$	(1,816	)		$	(50,448	)
Other comprehensive income before reclassification		(596	)		7		481				(108	)
Amounts reclassified from AOCI		-			-		(251	)	⁽²⁾		(251	)
Net current period other comprehensive income		(596	)		7		230				(359	)
Balance, March 31, 2018	$	(49,621	)	$	400	$	(1,586	)		$	(50,807	)

⁽¹⁾	Refer to Note 10, Derivative Financial Instruments, for additional details

⁽²⁾	Reclassified to Cost of operations and Other non-operating income (expense), net