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COMPREHENSIVE INCOME (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Comprehensive Income
Comprehensive income was as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Net income
$
11,376

 
$
10,835

 
$
22,368

 
$
17,230

Foreign currency translation adjustment
(27,785
)
 
19,484

 
(14,005
)
 
23,548

Change in unrealized (loss) gain on derivatives, net of tax
4,128

 
(884
)
 
13,032

 
(537
)
Unrealized (loss) on short-term investments

 
(1,291
)
 

 

Pension liability adjustment, net of tax
12

 
(13
)
 
6

 
(15
)
Comprehensive income, net
$
(12,269
)
 
$
28,131

 
$
21,401

 
$
40,226



Schedule of Changes in Accumulated Other Comprehensive Income by Component
Changes in Accumulated Other Comprehensive Income by component between December 31, 2017 and June 30, 2018 are presented in the table below, net of tax:
 
 
Cash Flow Hedges
 
Defined Benefit Pension Items
 
Foreign Currency Items
 
Total
 
 
(In thousands)
Balance at December 31, 2017
 
$
(2,979
)
 
$
(93
)
 
$
(20,735
)
 
$
(23,807
)
Reclassification of stranded tax effect
 
(532
)
 

 

 
(532
)
Balance at January 1, 2018
 
(3,511
)
 
(93
)
 
(20,735
)
 
(24,339
)
Other comprehensive income (loss)
 
19,488

 
6

 
(14,005
)
 
5,489

Amounts reclassified from accumulated other comprehensive income
 
6,456

 

 

 
6,456

Net current-period other comprehensive income (loss)
 
13,032

 
6

 
(14,005
)
 
(967
)
Balance at June 30, 2018
 
$
9,521

 
$
(87
)
 
$
(34,740
)
 
$
(25,306
)