Other Comprehensive Income (Loss) (Text Block)

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income (Loss) [Text Block]

Other Comprehensive Income (Loss)

OCI is reflected as a net increase (decrease) to shareholders’ equity and is not reflected in our results of operations. Total comprehensive income (loss) during the reporting periods, net of tax, was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(in thousands)
Net income (loss)	$	34,436		$	25,311		$	61,556		$	50,561
Foreign currency translation adjustment, net	23,097			(115,021		)	123,544			(212,499		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges, net	(224		)	(517		)	(164		)	(2,542		)
Net unrealized gain (loss) on a nonderivative net investment hedging instrument, net	(1,452		)	12,908			(9,262		)	24,352
Net hedging (gain) loss reclassified into net income (loss), net	1,332			1,995			2,774			4,197
Pension plan benefits liability adjustment, net	24			(117		)	(528		)	(685		)
Total comprehensive income (loss)	$	57,213		$	(75,441	)	$	177,920		$	(136,616	)

Income tax (provision) benefit related to OCI during the reporting periods was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(in thousands)
Foreign currency translation adjustment	$	(67	)	$	(72	)	$	(412	)	$	(585	)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	137			322			142			1,580
Net unrealized gain (loss) on a nonderivative net investment hedging instrument	891			(8,035		)	5,661			(15,146		)
Net hedging (gain) loss reclassified into net income (loss)	(817		)	(1,243		)	(1,703		)	(2,613		)
Pension plan benefits liability adjustment	(9		)	38			217			221
Total income tax (provision) benefit on other comprehensive income (loss)	$	135		$	(8,990	)	$	3,905		$	(16,543	)

Accumulated other comprehensive income (loss), net of tax, was $81.4 million at June 30, 2011 and $(35.0) million at December 31, 2010. These amounts include adjustments for foreign currency translation, the unrealized gain (loss) on our hedging instruments, the hedging gain (loss), and the pension liability adjustment as indicated above.