2013 | 2012 | 2011 | ||||||||||
Net income (loss) | $ | 353,038 | $ | (96,338 | ) | $ | (39,493 | ) | ||||
Other comprehensive income (loss), net of tax: | ||||||||||||
Foreign currency translation adjustments | 4,295 | 9,896 | (18,034 | ) | ||||||||
Unrealized (loss) gain on marketable securities and restricted investments for the period (net of tax of $3,334, $(1,835), and $(4,447), respectively) | (39,685 | ) | 26,829 | 22,356 | ||||||||
Less: reclassification for (gains) included in net income (loss) (net of tax of $0, $0, and $866, respectively) | — | (16 | ) | (3,696 | ) | |||||||
Unrealized (loss) gain on marketable securities and restricted investments | (39,685 | ) | 26,813 | 18,660 | ||||||||
Unrealized (loss) on derivative instruments for the period (net of tax of $(2,387), $2,533, and $(6,357), respectively) | (596 | ) | (7,478 | ) | (25,597 | ) | ||||||
Less: reclassification for (gains) losses included in net income (loss) (net of tax of $3,475, $1,774, and $(11), respectively) | 31 | (14,015 | ) | 47,177 | ||||||||
Unrealized (loss) gain on derivative instruments | (565 | ) | (21,493 | ) | 21,580 | |||||||
Other comprehensive (loss) income, net of tax | (35,955 | ) | 15,216 | 22,206 | ||||||||
Comprehensive income (loss) | $ | 317,083 | $ | (81,122 | ) | $ | (17,287 | ) |
Components of Comprehensive Income (Loss) | Foreign Currency Translation Adjustment | Unrealized Gain (Loss) on Marketable Securities | Unrealized Gain (Loss) on Derivative Instruments | Total | ||||||||||||
Balance as of December 31, 2012 | $ | (38,485 | ) | $ | 51,243 | $ | (2,579 | ) | $ | 10,179 | ||||||
Other comprehensive income (loss) before reclassifications | 4,295 | (39,685 | ) | (596 | ) | (35,986 | ) | |||||||||
Amounts reclassified from accumulated other comprehensive income | — | — | 31 | 31 | ||||||||||||
Net other comprehensive income (loss) | 4,295 | (39,685 | ) | (565 | ) | (35,955 | ) | |||||||||
Balance as of December 31, 2013 | $ | (34,190 | ) | $ | 11,558 | $ | (3,144 | ) | $ | (25,776 | ) |
Components of Comprehensive Income (Loss) | Foreign Currency Translation Adjustment | Unrealized Gain (Loss) on Marketable Securities | Unrealized Gain (Loss) on Derivative Instruments | Total | ||||||||||||
Balance as of December 31, 2011 | $ | (48,381 | ) | $ | 24,431 | $ | 18,913 | $ | (5,037 | ) | ||||||
Other comprehensive income (loss)before reclassifications | 9,896 | 26,828 | (7,477 | ) | 29,247 | |||||||||||
Amounts reclassified from accumulated other comprehensive income | — | (16 | ) | (14,015 | ) | (14,031 | ) | |||||||||
Net other comprehensive income (loss) | 9,896 | 26,812 | (21,492 | ) | 15,216 | |||||||||||
Balance as of December 31, 2012 | $ | (38,485 | ) | $ | 51,243 | $ | (2,579 | ) | $ | 10,179 |
Details of Accumulated Other Comprehensive Income (Loss) | Amount Reclassified | Income Statement Line Item | ||||||||
December 31, | ||||||||||
2013 | 2012 | |||||||||
Gains and (losses) on marketable securities and restricted investments | ||||||||||
$ | — | $ | 16 | Other income (expense), net | ||||||
— | — | Tax expense | ||||||||
$ | — | $ | 16 | Total net of tax | ||||||
Gains and (losses) on derivative contracts | ||||||||||
Foreign Exchange Forward Contracts | $ | 13,115 | $ | 13,731 | Net sales | |||||
Interest Rate and Cross Currency Swap Contracts | (1,245 | ) | (3,118 | ) | Interest expense | |||||
Cross Currency Swap Contracts | (8,426 | ) | 5,176 | Foreign currency gain (loss) | ||||||
3,444 | 15,789 | Total before tax | ||||||||
3,475 | 1,774 | Tax expense | ||||||||
$ | (31 | ) | $ | 14,015 | Total net of tax |