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Comprehensive income (loss)
 9 Months Ended
Sep. 30, 2012
Comprehensive income (loss)

9. Comprehensive income (loss)

Accumulated other comprehensive income is comprised of foreign currency translation adjustments and the effective portion of the gain (loss) on the Company’s cross-currency swap, which is designated and accounted for as a cash flow hedge. The components of and changes in accumulated other comprehensive income were as follows:

 

(US$ in thousands)

    Foreign
Currency
Translation
Adjustments		     Fair Value of
Cross-Currency
Swap		     Accumulated
Other
Comprehensive
Income		  

Balance at December 31, 2011

    $ 1,893      $ (132 )    $ 1,761   

Unrealized gain on cross-currency swap, net of tax of $102

      —          177        177   

Foreign currency translation adjustment (1)

      (343 )      —          (343 ) 
  

 

 

    

 

 

    

 

 

  

Balance at September 30, 2012

    $ 1,550      $ 45      $ 1,595   
  

 

 

    

 

 

    

 

 

  

 

(1) As the cash generally remains permanently invested in the non-U.S. dollar denominated foreign subsidiaries, no deferred taxes are recognized on the related foreign currency translation adjustment.

Comprehensive income (loss) was comprised of the following components:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  

(US$ in thousands)

    2012      2011     2012     2011  

Net income (loss)

    $ 7,560       $ 12,378      $ 30,781      $ (13,465 ) 

Other comprehensive income (loss):

          

Unrealized gain (loss) on cross-currency swap, net of tax

      253         (927 )      177        374   

Foreign currency translation adjustment

      1,254         (5,787 )      (343 )      (2,163 ) 
  

 

 

     

 

 

    

 

 

    

 

 

  

Total comprehensive income (loss)

    $ 9,067       $ 5,664      $ 30,615      $ (15,254 )