v2.4.0.8
Comprehensive Income
 6 Months Ended
Jun. 29, 2013
Comprehensive Income [Abstract]  
Comprehensive Income

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 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:

    June 29, December 29,
    2013 2012
Attributable to Redeemable noncontrolling interests:      
  Foreign currency translation adjustment  $(3,403) $(849)
         
Attributable to Henry Schein, Inc.:      
 Foreign currency translation gain  $19,012 $72,160
 Unrealized gain from foreign currency hedging activities   1,821  1,187
 Unrealized investment loss   (498)  (415)
 Pension adjustment loss   (19,070)  (20,077)
  Accumulated other comprehensive income  $1,265 $52,855
         
Total Accumulated other comprehensive income (loss)  $(2,138) $52,006

The following table summarizes the components of comprehensive income, net of applicable taxes as follows:

  Three Months Ended Six Months Ended
  June 29, June 30, June 29, June 30,
  2013 2012 2013 2012
Net income  $121,435 $107,302 $220,121 $196,363
             
Foreign currency translation loss   (15,261)  (42,004)  (55,702)  (10,343)
Tax effect   -  -  -  -
Foreign currency translation loss   (15,261)  (42,004)  (55,702)  (10,343)
             
Unrealized gain (loss) from foreign currency hedging            
activities   932  (1,250)  856  (90)
Tax effect   (139)  228  (222)  (17)
Unrealized gain (loss) from foreign currency hedging            
activities   793  (1,022)  634  (107)
             
Unrealized investment gain (loss)   (123)  256  (138)  183
Tax effect   49  (201)  55  (95)
Unrealized investment gain (loss)   (74)  55  (83)  88
             
Pension adjustment gain   343  691  1,263  332
Tax effect   (74)  (210)  (256)  (286)
Pension adjustment gain   269  481  1,007  46
             
Comprehensive income  $107,162 $64,812 $165,977 $186,047

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

   Three Months Ended Six Months Ended
   June 29, June 30, June 29, June 30,
   2013 2012 2013 2012
Comprehensive income attributable to            
 Henry Schein, Inc.  $95,233 $57,222 $148,318 $169,134
Comprehensive income attributable to            
 noncontrolling interests   115  110  189  214
Comprehensive income attributable to            
 Redeemable noncontrolling interests   11,814  7,480  17,470  16,699
Comprehensive income  $107,162 $64,812 $165,977 $186,047