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In accordance with SFAS No.133, the Company recognizes hedge ineffectiveness on both fair value and cash flow hedge relationships.

These amounts are reflected in fair value adjustments of financial derivatives in the consolidated statements of income. The following

table summarizes the income (expense) recognized by the Company as fair value and cash flow hedge ineffectiveness (in thousands):

Year Ended December31,

2005

2004

2003

Fair value hedges

$

(4,937

)

$

(3,895

)

$

(19,711

)

Cash flow hedges

45

6,194

4,373

Total fair value adjustments of financial derivatives

$

(4,892

)

$

2,299

$

(15,338

)

104



2006. EDGAR Online, Inc.