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COMPREHENSIVE INCOME (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of Comprehensive Income
Comprehensive income was as follows:
 
 
Three Months Ended March 31,
 
2017
 
2016
 
(In thousands)
Net income
$
6,394

 
$
13,419

Foreign currency translation adjustment
4,064

 
11,244

Change in unrealized gain on derivatives, net of tax
347

 

Unrealized gain on short-term investments
1,292

 

Pension liability adjustment, net of tax
(2
)
 
(7
)
Comprehensive income, net
$
12,095

 
$
24,656



Schedule of Changes in Accumulated Other Comprehensive Income by Component
Changes in Accumulated Other Comprehensive Income by component between December 31, 2016 and March 31, 2017 are presented in the table below, net of tax:
 
 
Gain on Cash Flow Hedges
 
Defined Benefit Pension Items
 
Foreign Currency Items
 
Gain on Short-term Investment
 
Total
 
 
(In thousands)
Beginning balance
 
$
1,071

 
$
(36
)
 
$
(58,189
)
 

 
$
(57,154
)
Other comprehensive (loss) income
 
347

 
(2
)
 
4,064

 
1,292

 
5,701

Ending balance
 
$
1,418

 
$
(38
)
 
$
(54,125
)
 
$
1,292

 
$
(51,453
)