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Other Comprehensive Income
6 Months Ended
Jun. 30, 2013
Text Block [Abstract]  
Other Comprehensive Income
9. Other Comprehensive Income

The following table is a summary of other comprehensive income (loss) and discloses the tax impact of each component of other comprehensive income (loss) for the three and six months ended June 30, 2013 and 2012 (in thousands):

 

     Three Months Ended
June 30,
    Six Months Ended
June  30,
 
     2013     2012     2013     2012  

Net unrealized (loss) gain on available-for-sale securities, net of income taxes (1)

   $ (216   $ (19   $ (175   $ 120   

Net unrealized gain (loss) on interest rate swaps, net of income taxes (2)

     78        (50     143        (93

Foreign currency translation

     (17     (15     (31     (31
  

 

 

   

 

 

   

 

 

   

 

 

 

Total other comprehensive loss

   $ (155   $ (84   $ (63   $ (4
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Net of income tax benefit of $144 and $13 for the three months ended June 30, 2013 and 2012, respectively, and net of income tax benefit of $118 and income tax expense of $80 for the six months ended June 30, 2013 and 2012, respectively.
(2) Net of income tax expense of $45 and income tax benefit of $29 for the three months ended June 30, 2013 and 2012, respectively, and net of income tax expense of $84 and income tax benefit of $55 for the six months ended June 30, 2013 and 2012, respectively.

 

Accumulated other comprehensive loss, net of tax, was approximately $0.8 million at June 30, 2013 and December 31, 2012. Accumulated other comprehensive loss consisted of adjustments, net of tax, to unrealized gains and losses on available-for-sale securities and an interest rate swap, and adjustments for foreign currency translation.