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Foreign Currency Translation
 3 Months Ended
Mar. 31, 2015
Foreign Currency Translation

13. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $189,546 and $144,772 at March 31, 2015 and December 31, 2014, respectively, includes cumulative foreign currency adjustments of $194,611 and $147,930, respectively, from translating the financial statements of the Company’s international subsidiaries, and also includes the change in fair values of the Company’s interest rate swap agreements that are designated as hedges and the change in fair value of the Company’s available-for-sale securities.

All foreign countries where the Company has operations are non-highly inflationary and the local currency is the same as the functional currency in all of the locations. Thus, any fluctuation in the currency results in a cumulative foreign currency translation adjustment recorded to accumulated other comprehensive loss.

 

Below is a summary of the impact of translating the March 31, 2015 financial statements of certain of the Company’s international subsidiaries:

 

                   Other  
                   Comprehensive  
                   Loss for The  
     Exchange Rate as of      Three Months Ended  

Country

    March 31, 2015      December 31, 2014      March 31, 2015  

Brazil

      3.25         2.69       $ (39,243 ) 

Argentina

      8.82         8.55         (2,369 ) 

Colombia

      2,576.05         2,392.4         (2,290 ) 

All other

            (2,779 ) 
        

 

 

  
$ (46,681 )