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Comprehensive Income
 9 Months Ended
Sep. 24, 2016
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [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 loss, net of applicable taxes as of:

September 24,December 26,
20162015
Attributable to Redeemable noncontrolling interests:
Foreign currency translation adjustment $(9,145)$(10,373)
Attributable to noncontrolling interests:
Foreign currency translation adjustment $(68)$(76)
Attributable to Henry Schein, Inc.:
Foreign currency translation loss $(203,776)$(200,499)
Unrealized gain from foreign currency hedging activities 1,965939
Unrealized investment loss (2)(2)
Pension adjustment loss (20,367)(20,377)
Accumulated other comprehensive loss $(222,180)$(219,939)
Total Accumulated other comprehensive loss $(231,393)$(230,388)

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

Three Months EndedNine Months Ended
September 24,September 26,September 24,September 26,
2016201520162015
Net income $145,291$141,396$402,922$382,584
Foreign currency translation loss(6,463)(38,730)(2,041)(112,877)
Tax effect ----
Foreign currency translation loss (6,463)(38,730)(2,041)(112,877)
Unrealized gain (loss) from foreign currency hedging
activities (803)2,6711,3161,850
Tax effect 200(747)(290)(580)
Unrealized gain (loss) from foreign currency hedging
activities (603)1,9241,0261,270
Unrealized investment gain ---2
Tax effect ----
Unrealized investment gain ---2
Pension adjustment gain (loss)2801,704(13)3,416
Tax effect (71)(341)23(879)
Pension adjustment gain (loss)2091,363102,537
Comprehensive income $138,434$105,953$401,917$273,516

During the three months ended September 24, 2016 and September 26, 2015, we recognized, as a component of our comprehensive income, a foreign currency translation loss of $6.5 million and $38.7 million, respectively, due to changes in foreign exchange rates from the beginning of the period to the end of the period. During the nine months ended September 24, 2016 and September 26, 2015, we recognized, as a component of our comprehensive income, a foreign currency translation loss of $2.0 million and $112.9 million, respectively, due to changes in foreign exchange rates from the beginning of the period to the end of the period. Our financial statements are denominated in the U.S. Dollar currency.  Fluctuations in the value of foreign currencies as compared to the U.S. Dollar may have a significant impact on our comprehensive income (loss).  The foreign currency translation loss during the three and nine months ended September 24, 2016 and September 26, 2015 was impacted by changes in foreign currency exchange rates as follows:

Foreign CurrencyForeign Currency
TranslationTranslation
Gain (Loss)Gain (Loss)
for the Threefor the Three
Months EndedFX Rate into USDMonths EndedFX Rate into USD
September 24,September 24,June 25,September 26,September 26,June 27,
Currency201620162016201520152015
Euro $3,7551.121.12$1,0631.121.12
British Pound (17,161)1.301.38(9,668)1.521.57
Australian Dollar 3,8260.760.75(14,004)0.700.77
Canadian Dollar (1,565)0.760.77(6,572)0.750.81
Polish Zloty 2,0440.260.25(458)0.260.27
Swiss Franc 1891.031.03(3,098)1.021.07
Brazilian Real8260.310.30(3,418)0.250.32
All other currencies 1,623(2,575)
Total $(6,463)$(38,730)
Foreign CurrencyForeign Currency
TranslationTranslation
Gain (Loss)Gain (Loss)
for the Ninefor the Nine
Months EndedFX Rate into USDMonths EndedFX Rate into USD
September 24,September 24,December 26,September 26,September 26,December 27,
Currency201620162015201520152014
Euro $14,9321.121.10$(58,577)1.121.22
British Pound (39,536)1.301.49(9,775)1.521.56
Australian Dollar 9,2680.760.73(25,809)0.700.81
Canadian Dollar 5,9410.760.72(7,915)0.750.86
Polish Zloty 4280.260.26(2,309)0.260.28
Swiss Franc 1,4081.031.016061.021.01
Brazilian Real3,0550.310.25(6,032)0.250.37
All other currencies 2,463(3,066)
Total $(2,041)$(112,877)

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

Three Months EndedNine Months Ended
September 24,September 26,September 24,September 26,
2016201520162015
Comprehensive income attributable to
Henry Schein, Inc. $126,140$93,790$365,321$244,560
Comprehensive income attributable to
noncontrolling interests 165128519513
Comprehensive income attributable to
Redeemable noncontrolling interests 12,12912,03536,07728,443
Comprehensive income $138,434$105,953$401,917$273,516