 |
|
|
 |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
|
|
5. COMPREHENSIVE NET INCOME (LOSS)
SFAS 130, "Reporting Comprehensive Income," establishes standards for reporting and displaying comprehensive net income (loss) and its components
in stockholders' equity. SFAS 130 requires the components of other comprehensive income (loss), such as changes in the fair value of available-for-sale securities and foreign translation adjustments, to be added to our net income (loss) to arrive at comprehensive income (loss). Other comprehensive income (loss) items have no impact on our net income (loss) as presented on our statement of operations.
The components of accumulated other comprehensive income (loss), net of income taxes, were as follows:
| |
UNREALIZED GAIN (LOSS) ON |
|
|
| (In thousands) |
MARKETABLE
SECURITIES |
SHORT-TERM
INVESTMENTS |
FOREIGN
CURRENCY
TRANSLATION |
TOTAL |
|
| Balance at July 31, 2001 |
$ |
23,958 |
|
$ |
4,686 |
|
$ |
(464 |
) |
$ |
28,180 |
|
 |
Unrealized losses, net of income tax benefits of
$18,082 and $1,065 |
|
(27,123 |
) |
|
(1,598 |
) |
|
- |
|
|
(28,721 |
) |
|
Reclassification adjustment for realized gain included in net
income, net of income tax benefit of $1,120 and $687 |
|
(1,680 |
) |
|
(1,030 |
) |
|
- |
|
|
(2,710 |
) |
|
| Translation adjustment |
|
- |
|
|
- |
|
|
(424 |
) |
|
(424 |
) |
|
| Other comprehensive loss |
|
(28,803 |
) |
|
(2,628 |
) |
|
(424 |
) |
|
(31,855 |
) |
|
| Balance at July 31, 2002 |
|
(4,845 |
) |
|
2,058 |
|
|
(888 |
) |
|
(3,675 |
) |
|
Unrealized gain (loss), net of income tax provision of
$8,582 and benefit of $496 |
|
12,873 |
|
|
(743 |
) |
|
- |
|
|
12,130 |
|
|
Reclassification adjustment for realized gain included in net
income, net of income tax benefit of $5,282 and $734 |
|
(7,923 |
) |
|
(1,102 |
) |
|
- |
|
|
(9,025 |
) |
|
| Translation adjustment |
|
- |
|
|
- |
|
|
(219 |
) |
|
(219 |
) |
|
| Other comprehensive income (loss) |
|
4,950 |
|
|
(1,845 |
) |
|
(219 |
) |
|
2,886 |
|
|
| Balance at July 31, 2003 |
|
105 |
|
|
213 |
|
|
(1,107 |
) |
|
(789 |
) |
|
Unrealized gain (loss), net of income tax provision of $180
and benefit of $987 |
|
270 |
|
|
(1,481 |
) |
|
- |
|
|
(1,211 |
) |
|
Reclassification adjustment for realized gain included in net
income, net of income tax benefit of $156 |
|
- |
|
|
(234 |
) |
|
- |
|
|
(234 |
) |
|
| Translation adjustment |
|
- |
|
|
- |
|
|
(1,141 |
) |
|
(1,141 |
) |
|
| Other comprehensive income (loss) |
|
270 |
|
|
(1,715 |
) |
|
(1,141 |
) |
|
(2,586 |
) |
|
| Balance at July 31, 2004 |
$ |
375 |
|
$ |
(1,502 |
) |
$ |
(2,248 |
) |
$ |
(3,375 |
) |
|
|
|
|
|
|
