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COMPREHENSIVE INCOME
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME
Comprehensive income was as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands)
Net income
$
3,159

 
$
20,144

 
$
20,388

 
$
46,316

Foreign currency translation adjustment
10,175

 
2,914

 
33,724

 
7,589

Change in unrealized gain (loss) on derivatives, net of tax
207

 
354

 
(331
)
 
9

Pension liability adjustment, net of tax
(7
)
 
(2
)
 
(22
)
 
(6
)
Comprehensive income, net
$
13,534

 
$
23,410

 
$
53,759

 
$
53,908



Changes in Accumulated Other Comprehensive Income by component between December 31, 2016 and September 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
 
(290
)
 
(22
)
 
33,724

 
(3,019
)
 
30,393

Amounts reclassified from accumulated other comprehensive income
 
(41
)
 
—

 
—

 
3,019

 
2,978

Net current-period other comprehensive (loss) income
 
(331
)
 
(22
)
 
33,724

 
—

 
33,371

Ending balance
 
$
740

 
$
(58
)
 
$
(24,465
)
 
$
—

 
$
(23,783
)


For the nine months ended September 30, 2017, the Company reclassified a minimal amount and $3 million from AOCI to interest expense and other expenses, respectively.