Other Comprehensive Income (Loss) and Related Tax Effects

9 Months Ended

Sep. 30, 2018

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income (Loss) and Related Tax Effects

OTHER COMPREHENSIVE INCOME (LOSS) AND RELATED TAX EFFECTS

The changes in the balances of Accumulated other comprehensive loss by component were as follows:

	Cumulative Foreign Currency Translation Losses			Unrealized Gain (Loss) On Available-For-Sale Securities			Accumulated Other Comprehensive Loss
	(In thousands)
Balance, December 31, 2016	$	(135,434	)	$	10,631		$	(124,803	)
Other comprehensive income before reclassifications	33,162			2,369			35,531
Amounts reclassified to net income	—			540			540
Other comprehensive income	33,162			2,909			36,071
Balance, September 30, 2017	$	(102,272	)	$	13,540		$	(88,732	)
Balance, December 31, 2017	$	(119,430	)	$	(10,724	)	$	(130,154	)
Cumulative effect of adoption of ASU No. 2016-01 as of January 1, 2018 (Note 2)	—			10,467			10,467
Balance, January 1, 2018	(119,430		)	(257		)	(119,687		)
Other comprehensive loss before reclassifications	(41,151		)	(105		)	(41,256		)
Amounts reclassified to net income	—			(4		)	(4		)
Other comprehensive loss	(41,151		)	(109		)	(41,260		)
Balance, September 30, 2018	$	(160,581	)	$	(366	)	$	(160,947	)

The amounts reclassified to net income related to unrealized gain (loss) on available-for-sale securities in the table above are included in Gains and losses on investments, net in our Condensed Consolidated Statements of Operations.

Except in unusual circumstances, we do not recognize tax effects on foreign currency translation adjustments because they are not expected to result in future taxable income or deductions. 

Other comprehensive income includes deferred tax benefits for foreign currency translation losses related to assets that were transferred from a foreign subsidiary to a domestic subsidiary of zero and $7.3 million for the three and nine months ended September 30, 2017, respectively.