Comprehensive Income and Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2012

Comprehensive Income (Loss) [Abstract]

Comprehensive Income (Loss)

Note 9 – Comprehensive Income and Accumulated Other Comprehensive Loss

The components of total comprehensive income for the three- and nine-month periods ended September 30, 2012 and 2011 were as follows (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2012		2011		2012		2011
Net income, including noncontrolling interests	$	15,675	$	46,826	$	127,641	$	115,570
Other comprehensive income, net of tax
Foreign currency translation gain		3,905		1,588		5,219		2,287
Unrealized gain (loss) on hedges, net		(20,036)		33,888		(21,158)		44,291
Total other comprehensive income (loss)		(16,131)		35,476		(15,939)		46,578
Total comprehensive income (loss)		(456)		82,302		111,702		162,148
Less comprehensive income applicable to noncontrolling interests		(800)		(800)		(2,378)		(2,354)
Total comprehensive income (loss) applicable to Helix		(1,256)		81,502		109,324		159,794
Preferred stock dividends		(10)		(10)		(30)		(30)
Total comprehensive income (loss) applicable to Helix common shareholders	$	(1,266)	$	81,492	$	109,294	$	159,764

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

		September 30,		December 31,
		2012		2011
Cumulative foreign currency translation adjustment	$	(17,739)	$	(22,958)
Unrealized gain (loss) on hedges, net		(8,217)		12,941
Accumulated other comprehensive loss	$	(25,956)	$	(10,017)