Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Loss

v2.4.0.6
Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2012
Other Comprehensive Loss [Abstract]  
OTHER COMPREHENSIVE LOSS

(3) OTHER COMPREHENSIVE LOSS

In addition to net loss, other comprehensive loss includes changes in foreign currency translation adjustments and loss attributable to non-controlling interests. The Company operates internationally through several foreign subsidiaries. Assets and liabilities of the foreign operations denominated in local currencies are translated at the rate of exchange at the balance sheet date. Revenues and expenses are translated at the weighted average rate of exchange during the period of translation. The resulting translation adjustments along with translation adjustments related to intercompany loans of a long-term nature are included in the translation adjustment in other comprehensive loss.

The activity in other comprehensive loss, net of income taxes, was as follows (in thousands):

 

                                 
    Three-Months Ended June 30,     Six-Months Ended June 30,  

Comprehensive loss

   2012     2011     2012     2011  

Net loss

   $ (1,344 )    $ (30,052 )    $ (4,754 )    $ (17,899 ) 

Gain (loss) on foreign currency translation adjustment, net of tax

     (6,299 )      4,781       (1,603 )      9,324  
   

 

 

    

 

 

    

 

 

    

 

 

  

Comprehensive loss

     (7,643 )      (25,271 )      (6,357 )      (8,575 ) 

Comprehensive income (loss) attributable to non-controlling interest

     368       26       777       (590 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Comprehensive loss attributable to parent

   $ (8,011 )    $ (25,245 )    $ (7,134 )    $ (9,165 )