COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

Comprehensive income was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(In thousands)
Net income	$	10,835		$	12,755		$	17,230		$	26,173
Foreign currency translation adjustment	19,484			(6,569		)	23,548			4,675
Change in unrealized gain on derivatives, net of tax	(884		)	(345		)	(537		)	(345		)
Unrealized gain on short-term investments	(1,291		)	—			—			—
Pension liability adjustment, net of tax	(13		)	3			(15		)	(4		)
Comprehensive income, net	$	28,131		$	5,844		$	40,226		$	30,499

Changes in Accumulated Other Comprehensive Income by component between December 31, 2016 and June 30, 2017 are presented in the table below, net of tax:

	Cash Flow Hedges			Defined Benefit Pension Items			Foreign Currency Items			Short-term Investment			Total
	(In thousands)
Beginning balance	$	1,071		$	(36	)	$	(58,189	)	—			$	(57,154	)
Other comprehensive (loss) income	(559		)	(15		)	23,548			(3,019		)	19,955
Amounts reclassified from accumulated other comprehensive income	22			—			—			3,019			3,041
Net current-period other comprehensive (loss) income	(537		)	(15		)	23,548			—			22,996
Ending balance	$	534		$	(51	)	$	(34,641	)	$	—		$	(34,158	)