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Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2011
Comprehensive Income (Loss)  
Comprehensive Income (Loss)

Note 9 – Comprehensive Income (Loss)

 

            The components of total comprehensive income (loss) for the three and six-month periods ended June 30, 2011 and 2010 were as follows (in thousands):

 

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

 

 

 

June 30,

 

 

 

June 30,

 

 

 

 

2011

 

 

 

2010

 

 

 

2011

 

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), including noncontrolling interests

 

$

42,109

 

 

$

(85,073

)

 

$

68,744

 

 

$

(102,075

)

Other comprehensive income (loss), net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Foreign currency translation gain (loss)

 

 

(1,416

)

 

 

(3,106

)

 

 

699

 

 

 

(13,808

)

     Unrealized gain on hedges, net

 

 

20,970

 

 

 

2,063

 

 

 

10,403

 

 

 

16,103

 

     Unrealized loss on investment available for sale

 

 

0

 

 

 

(481

)

 

 

0

 

 

 

(556

)

Total other comprehensive income (loss)

 

 $

61,663

 

 

$

(86,597

)

 

$

79,846

 

 

$

(100,336

)

 

            The components of accumulated other comprehensive loss were as follows (in thousands):

 

 

 

June 30,

 

December 31,

 

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Cumulative foreign currency translation adjustment

 

$

(21,563

)

 

$

(22,262

)

Unrealized loss on hedges, net

 

 

(6,393

)

 

 

(16,796

)

     Accumulated other comprehensive loss

 

$

(27,956

)

 

$

(39,058

)