American Home Shield 2008 Annual Report Download - page 111

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Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 17. Comprehensive Income (Continued)
currency translation is disclosed in the Statements of Shareholder's Equity. The following table summarizes the activity in other comprehensive (loss) income
and the related tax effects.
Successor
Predecessor
(In thousands)
Year ended
Dec. 31, 2008
Jul. 25, 2007 to
Dec. 31, 2007
Jan. 1, 2007 to
Jul. 24, 2007
Year Ended
Dec. 31, 2006
Net unrealized (losses)/gains on securities:
Unrealized (losses)/gains(1) $ (14,859) $ 4,390 $ 10,009 $ 13,673
Reclassification adjustment for net losses/(gains) realized(2) 9,067 246 (12,502) (8,446)
Net unrealized (losses)/gains on securities (5,792) 4,636 (2,493) 5,227
Net unrealized (losses)/gains on derivative instruments:
Unrealized (losses)/gains(3) (45,567) (10,614) 1,897 (1,452)
Reclassification adjustment for net losses/(gains) realized(4) 3,062 159 837 (1,600)
Net unrealized (losses)/gains on derivative instruments (42,505) (10,455) 2,734 (3,052)
Foreign currency translation (3,511) 1,473 1,747 746
Other comprehensive (loss) income $ (51,808) $ (4,346) $ 1,988 $ 2,921
Net of tax effect of $8.5 million in 2008, ($2.3) million from July 25, 2007 to December 31, 2007, ($5.1) million from January 1, 2007 to July 24, 2007
and ($7.1) million in 2006.
Net of tax effect of ($5.3) million in 2008, ($0.1) million from July 25, 2007 to December 31, 2007, $7.3 million from January 1, 2007 to July 24, 2007
and $4.9 million in 2006.
Net of tax effect of $26.9 million in 2008, $7.1 million from July 25, 2007 to December 31, 2007, ($1.3) million from January 1, 2007 to July 24, 2007
and $1.0 million in 2006.
Net of tax effect of ($2.0) million in 2008, ($0.1) million from July 25, 2007 to December 31, 2007, ($0.6) million from January 1, 2007 to July 24,
2007 and $1.1 million in 2006.
Accumulated comprehensive income included the following components as of December 31:
Successor
(In thousands) 2008 2007
Net unrealized (losses) gains on securities, net of tax $ (1,156)$ 4,636
Net unrealized losses on derivative instruments, net of tax (52,960) (10,455)
Foreign currency translation (2,038) 1,473
Total $(56,154)$ (4,346)
107
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