XML 31 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMPREHENSIVE INCOME
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME
Comprehensive income was as follows:
 
 
Three Months Ended March 31,
 
2018
 
2017
 
(In thousands)
Net income
$
10,992

 
$
6,394

Foreign currency translation adjustment
13,780

 
4,064

Change in unrealized gain on derivatives, net of tax
7,838

 
347

Unrealized gain on short-term investments
—

 
1,292

Pension liability adjustment, net of tax
(6
)
 
(2
)
Comprehensive income, net
$
32,604

 
$
12,095



Changes in Accumulated Other Comprehensive Income by component between December 31, 2017 and March 31, 2018 are presented in the table below, net of tax:
 
 
Cash Flow Hedges
 
Defined Benefit Pension Items
 
Foreign Currency Items
 
Total
 
 
(In thousands)
Balance at December 31, 2017
 
$
(2,979
)
 
$
(93
)
 
$
(20,735
)
 
$
(23,807
)
Reclassification of stranded tax effect
 
532

 
—

 
—

 
532

Balance at January 1, 2018
 
(2,447
)
 
(93
)
 
(20,735
)
 
(23,275
)
Other comprehensive income (loss)
 
3,957

 
(6
)
 
13,780

 
17,731

Amounts reclassified from accumulated other comprehensive income
 
(3,881
)
 
—

 
—

 
(3,881
)
Net current-period other comprehensive income (loss)
 
7,838

 
(6
)
 
13,780

 
21,612

Balance at March 31, 2018
 
$
5,391

 
$
(99
)
 
$
(6,955
)
 
$
(1,663
)


For the three months ended March 31, 2018, the Company reclassified $0.5 million and $3.4 million of loss from AOCI to interest expense and other income (expenses), net, respectively.

For the three months ended March 31, 2018, income tax benefit related to comprehensive losses from cash flow hedges was $1.2 million.