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COMPREHENSIVE INCOME
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME
Comprehensive income was as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Net income
$
11,376

 
$
10,835

 
$
22,368

 
$
17,230

Foreign currency translation adjustment
(27,785
)
 
19,484

 
(14,005
)
 
23,548

Change in unrealized (loss) gain on derivatives, net of tax
4,128

 
(884
)
 
13,032

 
(537
)
Unrealized (loss) on short-term investments
—

 
(1,291
)
 
—

 
—

Pension liability adjustment, net of tax
12

 
(13
)
 
6

 
(15
)
Comprehensive income, net
$
(12,269
)
 
$
28,131

 
$
21,401

 
$
40,226



Changes in Accumulated Other Comprehensive Income by component between December 31, 2017 and June 30, 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
 
(3,511
)
 
(93
)
 
(20,735
)
 
(24,339
)
Other comprehensive income (loss)
 
19,488

 
6

 
(14,005
)
 
5,489

Amounts reclassified from accumulated other comprehensive income
 
6,456

 
—

 
—

 
6,456

Net current-period other comprehensive income (loss)
 
13,032

 
6

 
(14,005
)
 
(967
)
Balance at June 30, 2018
 
$
9,521

 
$
(87
)
 
$
(34,740
)
 
$
(25,306
)


For the six months ended June 30, 2018, the Company reclassified $0.4 million loss and $6.8 million gain of loss from AOCI to interest expense and other income (expenses), net, respectively.