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Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2011
Comprehensive Income (Loss) [Abstract]  
Comprehensive Income (Loss)
15. COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) comprises net income and certain changes in stockholders' equity that are excluded from net income, such as changes in the fair value of our outstanding effective cash flow hedges, changes in unrealized gains and losses on our available-for-sale securities and changes in our cumulative foreign currency translation account. Comprehensive income (loss) for the years ended December 31, 2011, 2010 and 2009 is included in our Consolidated Statements of Stockholders' Equity. The components of comprehensive income (loss) are shown net of related taxes where the underlying assets or liabilities are held in jurisdictions that are expected to generate a future tax benefit or liability.

The following reclassifications were recorded in connection with net realized gains (losses) on sales of securities and cash flow hedges that were previously included in comprehensive income (loss) (in thousands):

 

     Year Ended December 31,  
     2011     2010      2009  

Net unrealized gain (loss) related to available-for-sale securities, net of tax impact of $(3,305), $(6,624) and $(11,724) for 2011, 2010 and 2009, respectively

    $ (24,067 )    $ 13,450       $ 21,689   

Net unrealized gain (loss) related to cash flow hedges, net of tax impact of $(93), $(9,149) and $10,682 for 2011, 2010 and 2009, respectively

      1,571        105,924         (19,016 ) 

Less reclassification adjustments, net of tax impact of $(6,725), $(9,028) and $(32,532)for 2011, 2010 and 2009, respectively

      (55,049 )      74,289         58,130   
  

 

 

    

 

 

     

 

 

  

Other comprehensive income (loss)

    $ 32,553      $ 45,085       $ (55,457 ) 
  

 

 

    

 

 

     

 

 

  

 

The balance of accumulated other comprehensive income (loss), net of taxes, as reported on our Consolidated Balance Sheets consists of the following components (in thousands):

 

     As of December 31,  
     2011     2010  

Net unrealized gain (loss) on available-for-sale securities

    $ (26,748 )    $ 16,528   

Net unrealized gain on cash flow hedges

      97,444        21,615   

Cumulative foreign currency translation adjustment

      (12,496 )      (7,232 ) 
  

 

 

    

 

 

  

Accumulated other comprehensive income

    $ 58,200      $ 30,911