Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (LOSS)

v2.4.0.6
OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Sep. 30, 2012
OTHER COMPREHENSIVE INCOME (LOSS)

(3) OTHER COMPREHENSIVE INCOME (LOSS)

In addition to net earnings (loss), other comprehensive income (loss) includes changes in foreign currency translation adjustments and income (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 income (loss).

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

 

     Three-Months Ended September 30     Nine-Months Ended September 30,  

Comprehensive income (loss)

    2012      2011     2012      2011  

Net earnings (loss)

    $ 11,600       $ 8,356      $ 6,846       $ (9,543 ) 

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

      4,107         (15,644 )      2,502         (6,319 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Comprehensive income (loss)

      15,707         (7,288 )      9,348         (15,862 ) 

Comprehensive income (loss) attributable to non-controlling interest

      792         (66 )      1,568         524   
  

 

 

     

 

 

    

 

 

     

 

 

  

Comprehensive income (loss) attributable to parent

    $ 14,915       $ (7,222 )    $ 7,780       $ (16,386 )