NetZero 2011 Annual Report Download - page 111
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Table of Contents
UNITED ONLINE, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands)
The accompanying notes are an integral part of these consolidated financial statements.
F-5
Year Ended December 31,
2011 2010 2009
Net income
$
51,730
$
53,687
$
70,085
Change in gains on derivatives designated as net investment
hedging instruments, net of tax of $79 for the year ended
December 31, 2011
128
—
—
Change in losses on derivatives designated as cash flow
hedging instruments, net of tax of $(71) for the year ended
December 31, 2011
(117
)
—
—
Foreign currency translation
(1,776
)
(6,665
)
20,056
Comprehensive income
$
49,965
$
47,022
$
90,141