Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Other Comprehensive Income (Loss)

OTHER COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) represents a measure of all changes in equity that result from recognized transactions and other economic events other than transactions with owners in their capacity as owners. Other comprehensive income (loss) includes foreign currency translations and gains (losses) on hedging instruments.

The following table presents the changes in each component of accumulated other comprehensive loss:

(In thousands)	Foreign Currency Translation Adjustments			Hedging Activities			Accumulated Other Comprehensive Income (loss)
Balance as of December 31, 2015	$	(12,819	)	$	1,638		$	(11,181	)
Other comprehensive income (loss)	38,511			(17,116		)	21,395
Less: other comprehensive income (loss) attributable to non-controlling interests	15,189			(11,456		)	3,733
Balance as of June 30, 2016	10,503			(4,022		)	6,481

The following tables present the changes in each component of accumulated other comprehensive loss and the related tax effects for the three and six months ended June 30, 2016:

	Three Months Ended June 30,
	2016
(In thousands)	Before Tax			Tax Effect		Net of Tax
Foreign currency translation adjustments	$	33,954		$	271	$	34,225
Unrealized (loss) gain on hedging instruments	(2,653		)	4,792		2,139
Net other comprehensive income (loss)	$	31,301		$	5,063	$	36,364
Less: Other comprehensive income attributable to non-controlling interests, net of tax						14,886
Other comprehensive income (loss) attributable to Class A stockholders						$	21,478

	Six Months Ended June 30,
	2016
(In thousands)	Before Tax			Tax Effect		Net of Tax
Foreign currency translation adjustments	$	38,511		$	271	$	38,782
Unrealized (loss) gain on hedging instruments	(17,116		)	4,792		(12,324		)
Net other comprehensive income (loss)	$	21,395		$	5,063	$	26,458
Less: Other comprehensive income attributable to non-controlling interests, net of tax						7,036
Other comprehensive income (loss) attributable to Class A stockholders						$	19,422

The following tables present the changes in each component of accumulated other comprehensive loss, net of tax for the three and six months ended June 30, 2015:

	2015
(In thousands)	Three Months Ended June 30,		Six Months Ended June 30,
Foreign currency translation adjustments	(2,338	)	2,139
Unrealized (loss) gain on hedging instruments	(4.147	)	(4,250	)
Net other comprehensive income (loss)	(6.485	)	(2,111	)
Less: Other comprehensive income attributable to non-controlling interests, net of tax	—		—
Other comprehensive income (loss) attributable to Class A stockholders	(6.485	)	(2,111	)