Comprehensive Income

9 Months Ended

Sep. 30, 2011

Comprehensive Income [Abstract]

Comprehensive Income

13.	Comprehensive Income
	Other Comprehensive Income — The differences between net income (loss) and comprehensive income (loss) for each of the comparable periods presented are as follows:

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2011			2010			2011			2010
	(In thousands)
Net income (loss)	$	4,472		$	(27,719	)	$	(55,932	)	$	(47,671	)
Unrealized net gain (loss) on derivatives		(55	)		883			(150	)		(531	)
Unrealized net gain (loss) on marketable securities		(37	)		—			(23	)		—
Reclassification of loss on auction rate securities		—			—			—			83
Reclassification of cumulative foreign currency translation adjustment due to sale of investment in subsidiaries		697			—			697			—
Deferred tax benefit (expense)		31			(309	)		60			186
Comprehensive income (loss)		5,108			(27,145	)		(55,348	)		(47,933	)
Less: Comprehensive income attributable to noncontrolling interest		—			139			714			139
Comprehensive income (loss) attributable to Global Industries, Ltd.	$	5,108		$	(27,284	)	$	(56,062	)	$	(48,072	)

Accumulated Other Comprehensive Income (Loss) — A roll-forward of the amounts included in accumulated other comprehensive income (loss), net of taxes, is shown below.

	Cumulative
	Foreign			Forward						Accumulated
	Currency			Foreign						Other
	Translation			Currency			Marketable			Comprehensive
	Adjustment			Contracts			Securities			Income (Loss)
	(In thousands)
Balance at December 31, 2010	$	(8,978	)	$	208		$	—		$	(8,770	)
Change in value		—			(826	)		(15	)		(841	)
Reclassification to earnings		—			728			—			728
Reclassification due to sale of investment in subsidiaries		697			—			—			697
Balance at September 30, 2011	$	(8,281	)	$	110		$	(15	)	$	(8,186	)

The amount of cumulative foreign currency translation adjustment included in accumulated other comprehensive income (loss) relates to prior translations of subsidiaries whose functional currency was not the U.S. dollar. The amount of gain (loss) on forward foreign currency contracts included in accumulated other comprehensive income (loss) hedges our exposure to changes in Norwegian kroners for commitments of a long-term vessel charter. The amount of gain (loss) on marketable securities included in accumulated other comprehensive income (loss) relates to the difference in the fair value and the amortized cost of the investments.