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COMPREHENSIVE INCOME (LOSS)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
COMPREHENSIVE INCOME (LOSS)
COMPREHENSIVE INCOME (LOSS)
Comprehensive income (loss) was as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
Net income (loss)
$
20,144

 
$
(31,881
)
 
$
46,316

 
$
(18,499
)
Foreign currency translation adjustment
2,914

 
(393
)
 
7,589

 
(17,621
)
Unrealized currency translation adjustment recognized upon spin

 
(1,884
)
 

 
(1,884
)
Change in unrealized gain on derivatives, net of tax
354

 
92

 
9

 
512

Pension liability adjustment, net of tax
(2
)
 
751

 
(6
)
 
758

Comprehensive income (loss)
$
23,410

 
$
(33,315
)
 
$
53,908

 
$
(36,734
)


Changes in Accumulated Other Comprehensive Loss by component between December 31, 2015 and September 30, 2016 are presented in the table below, net of tax:
 
 
Gain on Cash Flow Hedges
 
Defined Benefit Pension Items
 
Foreign Currency Items
 
Total
 
 
(In thousands)
Beginning balance
 
$

 
$
9

 
$
(47,911
)
 
$
(47,902
)
Other comprehensive (loss) income
 
9

 
(6
)
 
7,589

 
7,592

Ending balance
 
$
9

 
$
3

 
$
(40,322
)
 
$
(40,310
)