Equity

Stock Repurchase Activities

As of June 30, 2013, the Company had authority granted by the Board of Directors (the "Board") to repurchase up to $1.0 billion of its common stock under a stock repurchase program. As of June 30, 2013, there was $332.8 million of authorized funds remaining under the Company's stock repurchase program. In addition to repurchases under the Company’s stock repurchase program, the Company can also repurchase common stock from its employees in connection with net issuance of shares to satisfy minimum tax withholding obligations for the vesting of certain stock awards.

The Company repurchased and retired approximately 6.4 million and 12.6 million shares of its common stock at an average price of $16.45 and $18.68 per share for an aggregate purchase price of $105.5 million and $235.4 million during the three and six months ended June 30, 2013, respectively, under its stock repurchase program. The Company repurchased and retired approximately 5.0 million and 7.4 million shares of its common stock at an average price of $18.76 and $19.72 per share for an aggregate purchase price of $94.0 million and $145.6 million during the three and six months ended June 30, 2012, respectively, under its stock repurchase program. Repurchases associated with net issuances were not significant during the three and six months ended June 30, 2013 and June 30, 2012.

All shares of common stock repurchased under the Company's stock repurchase program and from its employees in connection with net issuance have been retired. Future share repurchases under the Company’s stock repurchase program will be subject to a review of the circumstances in place at that time and will be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements. This program may be discontinued at any time. See Note 17, Subsequent Events, for discussion of the Company's stock repurchase activity subsequent to June 30, 2013.

Accumulated Other Comprehensive (Loss) Income, Net of Tax

The components of accumulated other comprehensive (loss) income, net of related taxes, during the six months ended June 30, 2013 were as follows (in millions):



	Unrealized Gains (Losses) on Available-for- Sale Securities⁽¹⁾			Unrealized Gains (Losses) on Cash Flow Hedges⁽²⁾			Foreign Currency Translation Adjustments			Total
Balance as of December 31, 2012	$	2.1		$	3.0		$	(0.4	)	$	4.7
Other comprehensive gain (loss) before reclassifications	5.6			(2.2		)	(9.5		)	(6.1		)
Amount reclassified from accumulated other comprehensive (gain) income	(0.5		)	(1.8		)	—			(2.3		)
Other comprehensive loss	5.1			(4.0		)	(9.5		)	(8.4		)
Balance as of June 30, 2013	$	7.2		$	(1.0	)	$	(9.9	)	$	(3.7	)

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⁽¹⁾	The reclassifications out of accumulated comprehensive income during the six months ended June 30, 2013 for realized gains on available-for-sale securities of $0.5 million are included in other (expense) income, net in the Condensed Consolidated Statements of Operations.

⁽²⁾

The reclassifications out of accumulated comprehensive income during the six months ended June 30, 2013 for realized gains on cash flow hedges are included within cost of revenues of $0.2 million, research and development of $0.8 million, sales and marketing of $0.4 million, and general and administrative of $0.4 million for which the hedged transactions relate in the Condensed Consolidated Statements of Operations.

The following table presents the taxes related to each component of other comprehensive income (loss) (in millions):



	Three Months Ended June 30, 2013									Six Months Ended June 30, 2013
	Gross Amount			Income Tax (Provision) Benefit			Net Amount			Gross Amount			Income Tax (Provision) Benefit			Net Amount
Available-for-sale securities:
Change in unrealized gains (losses) on available-for-sale securities	$	9.7		$	(3.9	)	$	5.8		$	9.6		$	(4.0	)	$	5.6
Reclassification adjustment for realized net gains on available-for-sale securities included in net income	(0.2		)	0.1			(0.1		)	(0.7		)	0.2			(0.5		)
Net change in unrealized gains (losses) on available-for-sale securities	9.5			(3.8		)	5.7			8.9			(3.8		)	5.1
Cash flow hedges:
Change in unrealized (losses) gains on cash flow hedges	(1.7		)	1.6			(0.1		)	(3.8		)	1.6			(2.2		)
Reclassification adjustment for realized net (gains) losses on cash flow hedges included in net income	(0.6		)	0.2			(0.4		)	(2.0		)	0.2			(1.8		)
Net change in unrealized (losses) gains on cash flow hedges	(2.3		)	1.8			(0.5		)	(5.8		)	1.8			(4.0		)
Change in foreign currency adjustments	(3.7		)	—			(3.7		)	(9.5		)	—			(9.5		)
Other comprehensive income (loss)	$	3.5		$	(2.0	)	$	1.5		$	(6.4	)	$	(2.0	)	$	(8.4	)

Taxes related to each component of other comprehensive income (loss) were not material for the three and six months ended June 30, 2012.