| Comprehensive Income |
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 | | Net 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 |
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