Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Other Comprehensive Income (Loss)

Note 19 Other Comprehensive Income (Loss)

Stockholders’ equity contains certain items classified as other comprehensive income (loss), including:

• Foreign currency translation adjustments related to our non-U.S. subsidiary companies that have designated a functional currency other than the dollar. We are required to translate the subsidiary functional currency financial statements to dollars using a combination of historical, month-end, and average foreign exchange rates. This combination of rates creates the foreign currency translation adjustments component of other comprehensive income (loss).

• Unrealized holding gains (losses) on foreign currency hedging activities relate to derivative instruments used to hedge the currency exchange rates for forecasted euro sales. These hedges are designated as cash flow hedges, and we have deferred income statement recognition of gains and losses until the hedged transaction occurs. See Note 11 for more details.

• Unrealized gains (losses) on investments classified as available-for-sale are deferred from income statement recognition. See Note 4 for more details.

The components of other comprehensive income (loss) included in the Consolidated Statements of Comprehensive Income (Loss) are as follows (in thousands):

	As of December 31, 2012		Gain (Loss) recognized in OCI		Gain (Loss) reclassified from AOCI to income		Twelve Months ended December 31, 2013		As of December 31, 2013
Unrealized gains (losses) on hedging transactions:
Gross		$    (2,581)		$3,297		$(3,089)(1)		$    208		$    (2,373)
Income tax (benefit)		(599)		862		(772)		90		(509)
Net		(1,982)		2,435		(2,317)		118		(1,864)
Unrealized gains (losses) on investments:
Gross		540		(1,294)		603(2)		(691)		(151)
Income tax (benefit)		162		(423)		188		(235)		(73)
Net		378		(871)		415		(456)		(78)
Foreign currency translation adjustments		(8,721)		566		316(3)		882		(7,839)
Total accumulated other comprehensive gains (losses)		$(10,325)		$2,130		$(1,586)		$    544		$(9,781)
	As of December 31, 2011		Gain (Loss) recognized in OCI		Gain (Loss) reclassified from AOCI to income		Twelve Months ended December 31, 2012		As of December 31, 2012
Unrealized gains (losses) on hedging transactions:
Gross		$    7,355		$  (14,757)		$  4,821(1)		$  (9,936)		$  (2,581)
Income tax (benefit)		2,096		(3,900)		1,205		(2,695)		(599)
Net		5,259		(10,857)		3,616		(7,241)		(1,982)
Unrealized gains (losses) on investments:
Gross		(797)		1,052		285(2)		1,337		540
Income tax (benefit)		(288)		349		101		450		162
Net		(509)		703		184		887		378
Foreign currency translation adjustments		(8,963)		321		(79)(3)		242		(8,721)
Total accumulated other comprehensive gains (losses)		$    (4,213)		$    (9,833)		$  3,721		$  (6,112)		$  (10,325)
	As of December 31, 2010		Gain (Loss) recognized in OCI		Gain (Loss) reclassified from AOCI to income		Twelve Months ended December 31, 2011		As of December 31, 2011
Unrealized gains (losses) on hedging transactions:
Gross		$    (1,523)		$    12,196		$  (3,318)(1)		$    8,878		$    7,355
Income tax (benefit)		(573)		3,615		(946)		2,669		2,096
Net		(950)		8,581		(2,372)		6,209		5,259
Unrealized gains (losses) on investments:
Gross		(200)		(756)		159(2)		(597)		(797)
Income tax (benefit)		(76)		(269)		57		(212)		(288)
Net		(124)		(487)		102		(385)		(509)
Foreign currency translation adjustments		(8,275)		178		(866)(3)		(688)		(8,963)
Total accumulated other comprehensive gains (losses)		$    (9,349)		$    8,272		$    (3,136)		$    5,136		$    (4,213)

(1) Transfer of unrealized gains and (losses) from AOCI to income on hedging transactions are included in net sales of tangible products.

(2) Transfer of unrealized gains and (losses) from AOCI to income on investments are included in investment income.

(3) Transfer of foreign currency translation gains and (losses) from AOCI to income, are included in foreign exchange.