Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2012

Other Comprehensive Income [Abstract]

Other comprehensive income

Our other comprehensive income for the three and nine months ended September 30, 2012 and 2011 was as follows:

	Three Months Ended
	September 30, 2012
						Valuation
	Before tax		Tax effect			allowance		Net of tax
	(In thousands)
Other comprehensive income (loss):
Change in unrealized gains and losses on investments	$	47,368	$	(16,552	)	$	13,671	$	44,487
Unrealized foreign currency translation adjustment		1,709		(600	)		-		1,109
Other comprehensive income (loss)	$	49,077	$	(17,152	)	$	13,671	$	45,596

	Nine Months Ended
	September 30, 2012
						Valuation
	Before tax		Tax effect			allowance		Net of tax
	(In thousands)
Other comprehensive income (loss):
Change in unrealized gains and losses on investments	$	10,243	$	(3,462	)	$	-	$	6,781
Unrealized foreign currency translation adjustment		2,260		(792	)		-		1,468
Other comprehensive income (loss)	$	12,503	$	(4,254	)	$	-	$	8,249

	Three Months Ended
	September 30, 2011
							Valuation
	Before tax			Tax effect			allowance		Net of tax
	(In thousands)
Other comprehensive income (loss):
Change in unrealized gains and losses on investments	$	74,142		$	(25,705	)	$	-	$	48,437
Unrealized foreign currency translation adjustment		(15,422	)		5,401			-		(10,021	)
Other comprehensive income (loss)	$	58,720		$	(20,304	)	$	-	$	38,416

	Nine Months Ended
	September 30, 2011
							Valuation
	Before tax			Tax effect			allowance		Net of tax
	(In thousands)
Other comprehensive income (loss):
Change in unrealized gains and losses on investments	$	111,355		$	(38,601	)	$	-	$	72,754
Unrealized foreign currency translation adjustment		(8,459	)		2,962			-		(5,497	)
Other comprehensive income (loss)	$	102,896		$	(35,639	)	$	-	$	67,257

Accumulated other comprehensive income (loss)

Our total accumulated other comprehensive income was as follows:

	September 30,			December 31,
	2012			2011
	(In thousands)
Unrealized gains (losses) on investments	$	130,330		$	120,087
Defined benefit plans		(70,582	)		(70,582	)
Foreign currency translation adjustment		32,554			30,294
Accumulated other comprehensive income, before tax		92,302			79,799
Tax effect (1)		(53,929	)		(49,675	)
Total accumulated other comprehensive (loss) income	$	38,373		$	30,124

(1) Tax effect does not approximate 35% due to amounts of tax benefits not provided in various periods due to our tax valuation allowance.