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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net income (loss) $ 14,899 $ 9,504 $ 22,803 $ 1,611
Other comprehensive income (loss):        
Change in net unrealized gains (losses) on investments, net of deferred tax of $2,976 and $8,390 for the three months ended 06/30/2012 and 06/30/2011 and $7,796 and $ 8573 for the six months ended 06/30/2012 and 06/30/2011 respectively 7,604 [1] 16,833 [1] 16,553 [2] 16,871 [2]
Change in foreign currency translation gains (losses), net of deferred tax of $452 and $(4) for the three months ended 06/30/2012 and 06/30/2011 and $1,851 and $359 for the six months ended 06/30/2012 and 06/30/2011 respectively (840) (8) (3,812) 923
Other comprehensive income (loss) 6,764 16,825 12,741 17,794
Comprehensive income (loss) $ 21,663 $ 26,329 $ 35,544 $ 19,405
[1] Disclosure of reclassification amount, net of tax: Unrealized gains (losses) on investments arising during period $ 9,039 $ 15,450 Reclassification adjustment for net realized gains (losses) included in net income (1,607 ) 1,326 Reclassification adjustment for other-than-temporary impairment losses recognized in net income 172 57 Change in net unrealized gains (losses) on investments, net of tax $ 7,604 $ 16,833
[2] Disclosure of reclassification amount, net of tax: Unrealized gains (losses) on investments arising during period $ 17,643 $ 16,011 Reclassification adjustment for net realized gains (losses) included in net income (1,335 ) 830 Reclassification adjustment for other-than-temporary impairment losses recognized in net income 245 30 Change in net unrealized gains (losses) on investments, net of tax $ 16,553 $ 16,871