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OTHER INCOME, NET (Tables)
 12 Months Ended
Dec. 31, 2012
OTHER INCOME, NET  
Schedule of components of other income, net

 

 

 
   Years ended December 31,  
 
   2012   2011   2010  
 
   (in thousands)
  

Foreign exchange (losses) gains

   $ (4,675 ) $ (8,942 ) $ 8,004  

Settlement with MRV Communications(1)

     —     —     481  

Tax reversal for expiration of the statute of limitations(2)

     1,499     —     —  

Other

     203     777     1,323  
               

Total

   $ (2,973 ) $ (8,165 ) $ 9,808  
               
(1)
Previously, the Company held an 8% ownership interest in Fiberxon, which was acquired by MRV in 2007. In connection with the acquisition, Fiberxon shareholders received cash and stock as well as the right to potential deferred consideration. In December 2009, MRV entered into a settlement agreement for dismissal of legal proceedings between MRV and the former shareholders of Fiberxon regarding the amount of contingent consideration owed related to its acquisition. Proceeds received in the first quarter of 2010 represented the Company's proportionate share of the settlement amounts.

(2)
Previously, when the company divested its Korean subsidiary, the Company provided a tax reserve as it offered indemnification to the buyer for the uncertain tax position arising in the periods before the divestiture. In April 2012, approximately $1.5 million of such tax reserve was released due to the expiration of the statute of limitations, which is five years after the filing of the tax return.