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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Components of Other Comprehensive Income (Loss) and Associated Income Tax Effects

The following table sets forth the components of “Other comprehensive income (loss)” and the related income tax effects thereon for the three years ended December 31, 2013 and the cumulative balances in AOCGL by component at December 31, 2013, 2012 and 2011 and.

 

     Unrealized Gain (Loss) on        
     Derivative
Financial
Instruments		     Marketable
Securities		     Total
AOCGL		  
     (In thousands)  

Balance at January 1, 2011

    $ 2,733      $ 408      $ 3,141   

Unrealized gain (loss) before reclassifications, after tax of $337 and $15

      (625 )      (46 )      (671 ) 

Reclassification adjustments for items included in Net Income, after tax of $3,623 and $205

      (6,728 )      (384 )      (7,112 ) 
  

 

 

    

 

 

    

 

 

  

Total other comprehensive income (loss)

      (7,353 )      (430 )      (7,783 ) 
  

 

 

    

 

 

    

 

 

  

Balance at December 31, 2011

      (4,620 )      (22 )      (4,642 ) 

Unrealized gain (loss) before reclassifications, after tax of $(2,282) and $(28)

      4,237        124        4,361   

Reclassification adjustments for items included in Net Income, after tax of $(1,472) and $(1)

      2,733        44        2,777   
  

 

 

    

 

 

    

 

 

  

Total other comprehensive income (loss)

      6,970        168        7,138   
  

 

 

    

 

 

    

 

 

  

Balance at December 31, 2012

      2,350        146        2,496   

Unrealized gain (loss) before reclassifications, after tax of $3,682 and $18

      (6,833 )      (6 )      (6,839 ) 

Reclassification adjustments for items included in Net Income, after tax of $(2,608) and $18

      4,840        (147 )      4,693   
  

 

 

    

 

 

    

 

 

  

Total other comprehensive income (loss)

      (1,993 )      (153 )      (2,146 ) 
  

 

 

    

 

 

    

 

 

  

Balance at December 31, 2013

    $ 357      $ (7 )    $ 350   
  

 

 

    

 

 

    

 

 

  
Components of Accumulated Other Comprehensive Gain Loss

The following table presents the line items in our Consolidated Statements of Operations affected by reclassification adjustments out of AOCGL.

 

Major Components of AOCGL

    Year Ended December 31,      Consolidated Statements of
Operations Line Items
     2013      2012      2011       
     (In thousands)       

Derivative financial instruments:

Unrealized (gain) loss on FOREX contracts

    $ (7,449 )     $ (4,205 )     $ 10,351       Contract drilling, excluding
depreciation

Unrealized loss (gain) on Treasury Lock Agreements

      1         —         —       Interest expense
     2,608         1,472         (3,623 )     Income tax expense
  

 

 

     

 

 

     

 

 

     
   $ (4,840 )     $ (2,733 )     $ 6,728       Net of tax
  

 

 

     

 

 

     

 

 

     

Marketable securities:

Unrealized (gain) loss on marketable securities

    $ 165       $ (45 )     $ 589       Other, net
     (18 )       1         (205 )     Income tax expense
  

 

 

     

 

 

     

 

 

     
   $ 147       $ (44 )     $ 384       Net of tax