Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2011

Comprehensive Income (Loss)

12. Comprehensive Income (Loss)

The Company’s components of other comprehensive income (loss) were as follows (in thousands):

		September 30,			September 30,		September 30,			September 30,
	Three Months Ended September 30,					Nine Months Ended September 30,
	2011			2010		2011			2010
Net income	$	10,539		$	2,336	$	21,961		$	97
Foreign currency translation adjustments		(5,265	)		7,769		(908	)		1,070
Net unrealized gains on available-for-sale securities		151			—		151			—
Comprehensive income	$	5,425		$	10,105	$	21,204		$	1,167

Of the $15.9 million accumulated other comprehensive loss included in the Company’s consolidated balance sheets $16.1 million represents the accumulated foreign currency translation adjustment. Since the undistributed earnings of the Company’s foreign subsidiaries are considered to be permanently reinvested, the components of accumulated other comprehensive income (loss) have not been tax effected. The accumulated other comprehensive loss is partially offset by the $0.2 million unrealized gain on available-for-sale securities.