Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.0.8
Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME
For the six months ended June 30, 2013, changes in Accumulated other comprehensive income, net of tax, were as follows:
(In thousands)
Foreign
currency
 
Unrealized
gains in
Accumulated
OCI
Balance at December 31, 2012
$
3,196

 
$
4,160

Other comprehensive income before reclassifications, net of tax (1)
(1,762
)
 
1,829

Amounts reclassified from accumulated other comprehensive income, net of tax (1)

 
(4,593
)
Net other comprehensive income
(1,762
)
 
(2,764
)
Balance at June 30, 2013
$
1,434

 
$
1,396

(1)
Effective tax rate of 38.47%.
Amounts reclassified from Accumulated other comprehensive income for the six months ended June 30, 2013 related to $10.8 million realized gain on the sales of certain of our investments available for sale. Of the $10.8 million gain on the sales of our investments available for sale, $5.9 million and $7.5 million gains, respectively, were reclassified from unrealized gains in Accumulated other comprehensive income to Other income (expense), net for the three and six months ended June 30, 2013.