Stockholders' Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Stockholders' Equity

13. STOCKHOLDERS’ EQUITY

Share Repurchase Program

From time to time, the Company’s Board of Directors has approved plans under which the Company may at its discretion purchase shares of its common stock in the open market or via privately negotiated transactions. In July 2014, the Company announced that its Board of Directors had approved a share repurchase plan (the “2014 repurchase plan”) under which the Company may at its discretion purchase shares in the open market with an aggregate value of up to $200.0 million. The Company expects to execute this new authorization over the next two years and to fund the share repurchases through cash on hand and future cash flow from operations. During the three months ended March 31, 2015, the Company purchased approximately 2.9 million shares of common stock in the open market for approximately $40.0 million. The Company did not purchase any shares of common stock in the open market during the three months ended March 31, 2014. The purchase price for the shares of the Company’s stock repurchased is recorded as a reduction to stockholders’ equity. The excess of the cost of treasury stock that is retired over its par value and the portion allocated to additional paid-in capital based on the calculated average price in equity is recorded as a charge to retained earnings. The repurchased shares of common stock have been retired and reclassified as authorized and unissued shares. As of March 31, 2015, the Company had a remaining authorization to purchase up to an additional $110.0 million of shares in the open market under the 2014 repurchase plan.

Accumulated Other Comprehensive Income

The following table summarizes the changes in accumulated other comprehensive income, net of tax, by component (in thousands). The tax effects were not shown separately, as the impacts were not material.

Three Months Ended March 31, 2015	Unrealized Gains and Losses on Cash Flow Hedges			Unrealized Gains and Losses on Available-for- Sale Securities			Foreign Currency Translation		Total
Balance as of December 31, 2014	$	1,366		$	(52	)	$	2,797	$	4,111
Other comprehensive income (loss) before reclassifications		6,298			89			183		6,570
Amounts reclassified from accumulated      other comprehensive income (a)		(2,558	)		(3	)		—		(2,561	)
Net current-period other comprehensive income (loss)		3,740			86			183		4,009
Balance as of March 31, 2015	$	5,106		$	34		$	2,980	$	8,120

(a) See Note 12 for details of gains and losses, net of taxes, reclassified out of accumulated other comprehensive income into net income related to cash flow hedges and each line item of net income affected by the reclassification. Gains and losses related to available-for-sale securities were reclassified into “Other income (expense), net” in the condensed consolidated statement of operations for the three months ended March 31, 2015, net of taxes.