Henry Schein 2013 Annual Report Download - page 86

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
77
Note 7 – Comprehensive Income
Comprehensive income includes certain gains and losses that, under U.S. GAAP, are excluded from net income
as such amounts are recorded directly as an adjustment to stockholders’ equity. Our comprehensive income is
primarily comprised of net income, foreign currency translation gain (loss), unrealized gain (loss) on foreign
currency hedging activities, unrealized investment gain (loss) and pension adjustment gain (loss).
The following table summarizes our Accumulated other comprehensive income, net of applicable taxes as of:
December 28, December 29, December 31,
2013 2012 2011
Attributable to Redeemable noncontrolling interests:
Foreign currency translation adjustment ..................................................
.
$ (1,503) $ (849) $ (1,753)
Attributable to Henry Schein, Inc.:
Foreign currency translation gain .................................................................
.
$ 82,288 $ 72,160 $ 39,717
Unrealized gain (loss) from foreign currency hedging activities .................
.
1,282 1,187 (1,678)
Unrealized investment loss ...........................................................................
.
(515) (415) (829)
Pension adjustment loss ...............................................................................
.
(15,206) (20,077) (14,626)
Accumulated other comprehensive income .............................................
.
$ 67,849 $ 52,855 $ 22,584
Total Accumulated other comprehensive income ........................................
.
$ 66,346 $ 52,006 $ 20,831
The following table summarizes the components of comprehensive income, net of applicable taxes as follows:
December 28, December 29, December 31,
2013 2012 2011
N
et income ...................................................................................................
.
$ 471,462 $ 423,388 $ 404,656
Foreign currency translation gain (loss) .......................................................
.
9,474 33,347 (2,310)
Tax effect .....................................................................................................
.
- - -
Foreign currency translation gain (loss) .......................................................
.
9,474 33,347 (2,310)
Unrealized gain (loss) from foreign currency hedging activities .................
.
69 3,519 (712)
Tax effect .....................................................................................................
.
26 (654) 94
Unrealized gain (loss) from foreign currency hedging activities .................
.
95 2,865 (618)
Unrealized investment gain (loss) ................................................................
.
(166) 724 562
Tax effect .....................................................................................................
.
66 (310) (215)
Unrealized investment gain (loss) ................................................................
.
(100) 414 347
Pension adjustment gain (loss) .....................................................................
.
6,207 (7,638) (7,772)
Tax effect .....................................................................................................
.
(1,336) 2,187 1,534
Pension adjustment gain (loss) .....................................................................
.
4,871 (5,451) (6,238)
Comprehensive income ................................................................................
.
$ 485,802 $ 454,563 $ 395,837
The following table summarizes our total comprehensive income, net of applicable taxes as follows:
 December 28, December 29, December 31,
2013 2012 2011
Comprehensive income attributable to 
Henry Schein, Inc. ............................................................................... $ 446,548 $ 418,347 $ 359,731
Comprehensive income attributable to
noncontrolling interests ....................................................................... 478 509 481
Comprehensive income attributable to
Redeemable noncontrolling interests ................................................... 38,776 35,707 35,625
Comprehensive income ............................................................................ $ 485,802 $ 454,563 $ 395,837