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Comprehensive Income
 6 Months Ended
Jul. 01, 2017
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:

July 1,December 31,
20172016
Attributable to Redeemable noncontrolling interests:
Foreign currency translation adjustment $(8,424)$(13,025)
Attributable to noncontrolling interests:
Foreign currency translation adjustment $71$(113)
Attributable to Henry Schein, Inc.:
Foreign currency translation loss $(186,747)$(296,212)
Unrealized loss from foreign currency hedging activities (1,293)(53)
Pension adjustment loss (21,486)(20,776)
Accumulated other comprehensive loss $(209,526)$(317,041)
Total Accumulated other comprehensive loss $(217,879)$(330,179)

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

Three Months EndedSix Months Ended
July 1,June 25,July 1,June 25,
2017201620172016
Net income $149,582$133,098$299,835$257,631
Foreign currency translation gain (loss)72,798(5,568)114,2504,422
Tax effect ----
Foreign currency translation gain (loss) 72,798(5,568)114,2504,422
Unrealized gain (loss) from foreign currency hedging
activities 1,774(49)(1,304)2,119
Tax effect (153)6164(490)
Unrealized gain (loss) from foreign currency hedging
activities 1,62112(1,240)1,629
Pension adjustment gain (loss)(1,097)199(1,042)(293)
Tax effect 303(5)33294
Pension adjustment gain (loss)(794)194(710)(199)
Comprehensive income $223,207$127,736$412,135$263,483

During the three months ended July 1, 2017 and June 25, 2016, we recognized, as a component of our comprehensive income, a foreign currency translation gain (loss) of $72.8 million and $(5.6) million, respectively, due to changes in foreign exchange rates from the beginning of the period to the end of the period. During the six months ended July 1, 2017 and June 25, 2016, we recognized, as a component of our comprehensive income, a foreign currency translation gain of $114.3 million and $4.4 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 six months ended July 1, 2017 and June 25, 2016 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
July 1,July 1,April 1,June 25,June 25,March 26,
Currency201720172017201620162016
Euro $53,4941.141.07$71.121.12
British Pound 10,9381.301.25(7,603)1.381.41
Australian Dollar 1,7370.770.763710.750.75
Canadian Dollar 3,3680.770.752,5500.770.75
Polish Zloty 4,3120.270.25(2,115)0.250.26
Swiss Franc 3,7421.041.002981.031.02
Brazilian Real(7,902)0.300.321,2990.300.27
All other currencies 3,109(375)
Total $72,798$(5,568)
Foreign CurrencyForeign Currency
TranslationTranslation
Gain (Loss)Gain (Loss)
for the Sixfor the Six
Months EndedFX Rate into USDMonths EndedFX Rate into USD
July 1,July 1,December 31,June 25,June 25,December 26,
Currency201720172016201620162015
Euro $65,3421.141.05$11,1771.121.10
British Pound 15,5441.301.23(22,375)1.381.49
Australian Dollar 12,4530.770.725,4420.750.73
Canadian Dollar 4,1800.770.747,5060.770.72
Polish Zloty 6,9510.270.24(1,616)0.250.26
Swiss Franc 4,8981.040.981,2191.031.01
Brazilian Real(2,264)0.300.312,2290.300.25
All other currencies 7,146840
Total $114,250$4,422

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

Three Months EndedSix Months Ended
July 1,June 25,July 1,June 25,
2017201620172016
Comprehensive income attributable to
Henry Schein, Inc. $208,348$115,187$384,318$239,181
Comprehensive income attributable to
noncontrolling interests 276282476354
Comprehensive income attributable to
Redeemable noncontrolling interests 14,58312,26727,34123,948
Comprehensive income $223,207$127,736$412,135$263,483