Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss) [Abstract]

COMPREHENSIVE INCOME (LOSS)

6. COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) is the change in equity of a business enterprise from transactions and other events and circumstances from non-owner sources. Excluding net income (loss), the Company’s sources of comprehensive income (loss) were from changes in fair value of available-for-sale securities.

The following summarizes the components of comprehensive income (loss):

	Three Months ended June 30,						Six Months ended June 30,
	2011			2010			2011			2010
	(In thousands)
	(unaudited)
Net income (loss)	$	121,815		$	2,723		$	112,805		$	(19,128	)
Other comprehensive income (loss), before taxes:
Unrealized net loss on available-for-sale securities		(1,939	)		(754	)		(5,235	)		(754	)
Reclassification adjustment for other than temporary impairment of available-for-sale securities included in net income (loss)		795			—			1,131			—
Total comprehensive income (loss)	$	120,671		$	1,969		$	108,701		$	(19,882	)

The Company accounts for its holdings in NuPathe and Tengion as available-for-sale securities. The Company recorded unrealized net losses of $1.1 million and $4.1 million associated with available-for-sale securities as a separate component of equity in the three and six months ended June 30, 2011, respectively. The Company reclassified $0.8 million and $1.1 million in unrealized losses associated with Tengion in the three and six months ended June 30, 2011, respectively, as a result of management’s determination that the security was impaired on an other than temporary basis.