Comprehensive Income

6 Months Ended

Jun. 25, 2011

Notes to Financial Statements [Abstract]

Note 5. 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 adjustments, unrealized gains (losses) on hedging and investment activity and pension adjustments.

The following table summarizes our Accumulated other comprehensive income, net of applicable taxes as of:

	June 25,			December 25,
	2011			2010
Attributable to Redeemable noncontrolling interests:
Foreign currency translation adjustment	$	1,328		$	(864	)

Attributable to Henry Schein, Inc.:
Foreign currency translation adjustment	$	111,893		$	41,138
Unrealized gain (loss) from foreign currency hedging activities		750			(1,060	)
Unrealized investment loss		(979	)		(1,176	)
Pension adjustment loss		(8,743	)		(8,388	)
Accumulated other comprehensive income	$	102,921		$	30,514

Total Accumulated other comprehensive income	$	104,249		$	29,650

The following table summarizes other comprehensive income attributable to our Redeemable noncontrolling interests, net of applicable taxes as follows:

	Three Months Ended					Six Months Ended
	June 25,		June 26,			June 25,		June 26,
	2011		2010			2011		2010

Foreign currency translation adjustment	$	300	$	(4,209	)	$	2,192	$	(7,696	)

The following table summarizes our total comprehensive income, net of applicable taxes as follows:

	Three Months Ended				Six Months Ended
	June 25,		June 26,		June 25,		June 26,
	2011		2010		2011		2010
Comprehensive income attributable to
Henry Schein, Inc.	$	107,560	$	50,845	$	243,377	$	76,858
Comprehensive income attributable to
noncontrolling interests		143		20		238		33
Comprehensive income attributable to
Redeemable noncontrolling interests		10,738		4,933		19,011		7,785
Comprehensive income	$	118,441	$	55,798	$	262,626	$	84,676

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References+ Details