 |
Notes to Consolidated Financial Statements
|
|
|
Other Comprehensive (Loss) Income |
The components of Accumulated other comprehensive loss were as follows:
| |
2005 |
2004 |
|
| Foreign currency translation adjustments |
$ |
(90,413 |
) |
$ |
(72,671 |
) |
| Minimum pension liability adjustment |
|
(89,145 |
) |
|
(93,639 |
) |
| Unrealized gains on investments |
|
8,851 |
|
|
9,963 |
|
| Unrealized losses on cash flow hedges |
|
(12,488 |
) |
|
(12,353 |
) |
|
| |
$ |
(183,195 |
) |
$ |
(168,700 |
) |
|
The income tax (benefit) provision recorded in fiscal years 2005 and 2004 for the unrealized gains on investments were $(631) and $285, respectively. The income tax provision (bene-fit) recorded in fiscal years 2005 and 2004 for cash flow hedges were $534 and $(3,130), respectively. The income tax provision (benefit) recorded in fiscal years 2005 and 2004 for the minimum pension liability adjustment were $2,139 and $(4,042), respectively. Income taxes are generally not provided for translation adjustments.
The unrealized losses on cash flow hedges included in other comprehensive (loss) income for 2005 and 2004 are net of reclassification adjustments of $11,880 and $15,025, net of tax, respectively, for realized net hedge losses recorded to revenues. These amounts had been included in Accumulated other comprehensive loss in prior periods. The tax benefits associated with these reclassification adjustments in 2005 and 2004 were $7,282 and $9,209, respectively.
|
