Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2017

Components of Accumulated Other Comprehensive Loss

Changes in the balances of each component included in AOCI are presented in the tables below. All amounts are net of tax and exclude non-controlling interest.

(In thousands)	Foreign Currency Translation Adjustments			Unrealized Net (Losses) Gains on Available for Sale Securities			Unrealized Net Gains on Foreign Exchange Contracts			Total
Balance as of December 31, 2016 ⁽¹⁾	$	(6,028	)	$	(56,420	)	$	619		$	(61,829	)
Other comprehensive income (loss) before reclassifications		2,347			(85,652	)		1,411			(81,894	)
Net losses (gains) reclassified from accumulated other comprehensive loss ⁽²⁾		0			142,165			(777	)		141,388
Net other comprehensive income		2,347			56,513			634			59,494
Balance as of June 30, 2017 ⁽³⁾	$	(3,681	)	$	93		$	1,253		$	(2,335	)

⁽¹⁾

Net of taxes of $402 thousand for unrealized net gains on foreign exchange contract derivatives and $61 thousand for unrealized net gains on available for sale securities.

⁽²⁾

Reclassification adjustment related to other-than-temporary impairment of our investment in NantHealth. Refer to Note 3, “Fair Value Measurements and Long-term Investments” and Note 7, “Asset and Long-term Investment Impairment Charges,” for further information regarding this impairment. Refer to Note 15, “Subsequent Events,” for information regarding our agreement to divest our investment in NantHealth common stock.

⁽³⁾

Net of taxes of $801 thousand for unrealized net gains on foreign exchange contract derivatives and $59 thousand for unrealized net gains on available for sale securities.

(In thousands)	Foreign Currency Translation Adjustments			Unrealized Net Losses on Available for Sale Securities			Unrealized Net Gains on Foreign Exchange Contracts		Total
Balance as of December 31, 2015 ⁽¹⁾	$	(4,500	)	$	0		$	258	$	(4,242	)
Other comprehensive (loss) income before reclassifications		(199	)		(18,115	)		121		(18,193	)
Net losses reclassified from accumulated other comprehensive loss		0			0			8		8
Net other comprehensive (loss) income		(199	)		(18,115	)		129		(18,185	)
Balance as of June 30, 2016⁽²⁾	$	(4,699	)	$	(18,115	)	$	387	$	(22,427	)

⁽¹⁾ Net of taxes of $166 thousand for unrealized net gains on foreign exchange contract derivatives.

⁽²⁾ Net of taxes of $251 thousand for unrealized net gains on foreign exchange contract derivatives.

Income Tax Effects Related to Components of Other Comprehensive Income (Loss)

The following tables reflect the tax effects allocated to each component of other comprehensive income (loss) (“OCI”):

	Three Months Ended June 30,
	2017									2016
(In thousands)	Before-Tax Amount			Tax Effect			Net Amount			Before-Tax Amount			Tax Effect		Net Amount
Foreign currency translation adjustments	$	832		$	0		$	832		$	(943	)	$	0	$	(943	)
Available for sale securities:
Net loss arising during the period		(10,952	)		1			(10,951	)		(18,115	)		0		(18,115	)
Net loss reclassified into income ⁽¹⁾		142,165			0			142,165			0			0		0
Net change in unrealized gains (losses) on available for sale securities		131,213			1			131,214			(18,115	)		0		(18,115	)
Derivatives qualifying as cash flow hedges:
Foreign exchange contracts:
Net gains (losses) arising during the period		434			(169	)		265			(141	)		55		(86	)
Net (gains) losses reclassified into income		(749	)		292			(457	)		(86	)		34		(52	)
Net change in unrealized (losses) gains on foreign exchange contracts		(315	)		123			(192	)		(227	)		89		(138	)
Net (loss) gain on cash flow hedges		(315	)		123			(192	)		(227	)		89		(138	)
Other comprehensive income (loss)	$	131,730		$	124		$	131,854		$	(19,285	)	$	89	$	(19,196	)

⁽¹⁾

	Six Months Ended June 30,
	2017									2016
(In thousands)	Before-Tax Amount			Tax Effect			Net Amount			Before-Tax Amount			Tax Effect			Net Amount
Foreign currency translation adjustments	$	2,347		$	0		$	2,347		$	(199	)	$	0		$	(199	)
Available for sale securities:
Net loss arising during the period		(85,654	)		2			(85,652	)		(18,115	)		0			(18,115	)
Net loss reclassified into income ⁽¹⁾		142,165			0			142,165			0			0			0
Net change in unrealized gains (losses) on available for sale securities		56,511			2			56,513			(18,115	)		0			(18,115	)
Derivatives qualifying as cash flow hedges:
Foreign exchange contracts:
Net gains (losses) arising during the period		2,307			(896	)		1,411			201			(80	)		121
Net (gains) losses reclassified into income		(1,274	)		497			(777	)		13			(5	)		8
Net change in unrealized gains (losses) on foreign exchange contracts		1,033			(399	)		634			214			(85	)		129
Net gain (loss) on cash flow hedges		1,033			(399	)		634			214			(85	)		129
Other comprehensive income (loss)	$	59,891		$	(397	)	$	59,494		$	(18,100	)	$	(85	)	$	(18,185	)

⁽¹⁾