Ingram Micro 2000 Annual Report Download - page 45

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.3 8 |INGRAM MICRO
Comprehensive income (loss)
Statement of Financial Accounting Standards No. 130,“Reporting Comprehensive Income” (“FAS 130”) establishes standards
for reporting and displaying comprehensive income and its components in the Company’s consolidated financial statements.
Comprehensive income is defined in FAS 130 as the change in equity (net assets) of a business enterprise during a period from
transactions and other events and circumstances from nonowner sources and is comprised of net income and other comprehensive
income (loss).
The components of accumulated other comprehensive income (loss) are as follows:
Foreign Unrealized Accumulated
Currency Gain on Other
Translation Available-for-Sale Comprehensive
Adjustment Securities Income (Loss)
Balance at January 3, 1998 $ ( 1 4, 2 3 6 ) $ — $ (1 4, 2 3 6 )
Change in fo reign currency tra n s l ation adjustment 2, 6 5 6 — 2, 6 5 6
U n rea l i zed holding gain arising during the period — 6, 6 6 6 6, 6 6 6
B a l a n ce at January 2, 1999 ( 1 1, 5 8 0 ) 6,666 ( 4, 9 1 4 )
Change in fo reign currency tra n s l ation adjustment ( 1 7, 0 7 1 ) — ( 1 7, 0 7 1 )
U n r ea l i zed holding gain arising during the period — 4 7 5, 4 9 0 4 7 5, 4 9 0
Re c l a s s i f i c ation adjustment for rea l i z ed gain included in net inco m e — ( 1 2 5, 2 2 0 ) ( 1 2 5, 2 2 0 )
B a l a n c e at January 1, 2000 ( 2 8, 6 5 1 ) 3 5 6, 9 3 6 3 2 8, 2 8 5
Change in fo reign currency tra n s l ation adjustment ( 2 5 0 ) — ( 2 5 0 )
U n r ea l i zed holding loss arising during the period — ( 2 7 0, 6 4 4 ) ( 2 7 0, 6 4 4 )
Re c l a s s i f i c ation adjustment for rea l i zed gain included in net inco m e — ( 6 9, 3 2 7 ) ( 6 9, 3 2 7 )
B a l a n c e at December 30, 2000 $ ( 2 8, 9 0 1 ) $ 1 6, 9 6 5 $ ( 1 1, 9 3 6 )
Accounting for stock-based compensation
The Company has adopted the disclosure re q u i rements of Statement of Financial Accounting Standards No. 1 2 3 , “Accounting
for Stock Based Compensat i o n ” ( “ FAS 123”). As permitted by FAS 123, the Company continues to measure compensation cost in
accordance with Accounting Principles Board Opinion No. 2 5 , “Accounting for Stock Issued to Employe e s ” (“APB 25”) and re l at e d
i n t e rp re t at i o n s , but provides pro forma disclosures of net income and earnings per share as if the fa i r - value method had been applied.
N o tes to co n s o l i d a ted financial st a t e m e nts ]c o n t i nu e d
Dollars in 000s,except per share data