INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2011

INCOME TAXES

Schedule of components of income (loss) before income taxes

The components of income (loss) before income taxes were as follows:

	Years Ended
	December 31, 2011		December 31, 2010		December 31, 2009
	(In thousands)
U.S.	$	125,905	$	102,590	$	(119,143	)
Foreign		255,285		13,762		(16,896	)
Income (loss) before income taxes	$	381,190	$	116,352	$	(136,039	)

Schedule of provision for (benefit from) income taxes

The provision for (benefit from) income taxes consists of the following:

		Years Ended
		December 31, 2011			December 31, 2010			December 31, 2009
		(In thousands)
Federal	Current	$	2,454		$	(142,191	)	$	9,300
	Deferred		5,982			(88,291	)		—
State	Current		172			58			52
	Deferred		(2,064	)		(20,041	)		—
Foreign	Current		18,979			8,495			(20,761	)
	Deferred		40,677			(64,753	)		(15,132	)
Provision for (benefit from) income taxes		$	66,200		$	(306,723	)	$	(26,541	)

Schedule of effective tax rate reconciliation

The Company's effective tax rate differs from the U.S. Federal statutory income tax rate as follows:

	Years Ended
	December 31, 2011			December 31, 2010			December 31, 2009
U.S. Federal statutory income tax rate		35.00	%		35.00	%		35.00	%
State tax		0.22			0.65			(2.61	)
Effect of foreign operations		(15.52	)		(40.37	)		(29.00	)
Recognition of tax credits		(2.95	)		(56.22	)		72.68
Net operating loss and future deductions not currently benefited		—			27.82			(40.18	)
Release of valuation allowance		(0.09	)		(100.33	)		—
Audit settlements and IRS refunds		0.20			(129.42	)		(11.89	)
Other		0.51			(0.75	)		(4.50	)
Effective tax provision rate		17.37	%		(263.62	)%		19.50	%

Schedule of significant portions of the deferred tax assets and deferred tax liabilities

			December 31, 2011			December 31, 2010
			(In thousands)
Deferred income tax assets:
	Net operating losses		$	33,324		$	89,944
	Research and development, foreign tax and other tax credits			45,327			67,224
	Accrued liabilities			33,124			47,867
	Fixed assets			42,501			37,182
	Intangible assets			12,356			13,359
	Deferred income			8,391			8,252
	Stock-based compensation			6,830			7,335
	Unrealized foreign exchange translation			4,651			—
	Other			4,832			5,803
		Total deferred income tax assets		191,336			276,966
Deferred income tax liabilities:
	Fixed assets			(57	)		(138	)
	Unrealized foreign exchange translation			—			(2,506	)
	Deferred income			(693	)		(590	)
	Unremitted earnings of foreign subsidiaries			(5,075	)		(11,931	)
	Foreign losses subject to recapture			(15,170	)		—
	Other			—			(214	)
		Total deferred tax liabilities		(20,995	)		(15,379	)
	Less valuation allowance			(38,742	)		(85,755	)
		Net deferred income tax assets	$	131,599		$	175,832
Reported as:
		Current deferred tax assets(1)	$	10,239		$	39,295
		Current deferred tax liabilities(2)		—			(3,968	)
		Non-current deferred tax assets(3)		121,417			140,562
		Non-current deferred tax liabilities(4)		(57	)		(57	)
Net deferred income tax assets			$	131,599		$	175,832

(1)

Included within Prepaids and other current assets on the consolidated balance sheets.

(2)

Included within Accrued and other liabilities on the consolidated balance sheets.

(3)

Included within Other assets on the consolidated balance sheets.

(4)

Included within Other long-term liabilities on the consolidated balance sheets.

Schedule of tax attribute carryforwards

The Company's tax attribute carryforwards as of December 31, 2011 consist of the following (in thousands):

Tax Attribute	December 31, 2011		Nature of Expiration
Foreign net operating loss carry forwards	$	129,095	beginning 2012
State net operating loss carry forwards		549,694	2012-2031
Federal R&D credits, net of those related to stock option deductions		4,971	beginning 2020
Federal R&D credits related to stock option deductions		28,249	beginning 2020
State R&D credits		11,837	indefinite
Foreign tax credits		50,882	beginning 2020
State investment tax credits		11,644	beginning 2012
Foreign R&D credits		21,274	refundable

Schedule of reconciliation of the beginning and ending amount of gross unrecognized tax benefits ("UTB")

		Years Ended
		December 31, 2011			December 31, 2010			December 31, 2009
		(In thousands)
Balance at January 1		$	63,593		$	182,552		$	215,978
Tax Positions Related to Current Year:
	Additions		8,794			35,810			12,619
Tax Positions Related to Prior Years:
	Additions		—			—			10,899
	Reductions		(568	)		(34	)		(5,731	)
Lapse of Statute of Limitation			(1,672	)		(2,239	)		(401	)
Settlements			(2,180	)		(152,496	)		(50,812	)
Balance at December 31		$	67,967		$	63,593		$	182,552