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Other Comprehensive (Loss) Income and Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2012
Other Comprehensive (Loss) Income and Accumulated Other Comprehensive Loss  
Other Comprehensive (Loss) Income and Accumulated Other Comprehensive Loss

4.              Other Comprehensive (Loss) Income and Accumulated Other Comprehensive Loss

 

Our other comprehensive (loss) income consists of foreign currency translation adjustment losses or gains related to our subsidiaries that have a functional currency other than the U.S. dollar and amounted to losses of $10.9 million and $8.1 million for the three and six months ended June 30, 2012, respectively, and gains of $0.4 million and $1.1 million for the three and six months ended June 30, 2011, respectively.  The foreign currency translation adjustment losses for the three and six months ended June 30, 2012 were primarily due to the strengthening of the U.S. dollar as compared to the Brazilian Real.  As of June 30, 2012 and December 31, 2011, our accumulated other comprehensive loss amounted to $14.6 million and $6.5 million, respectively.