ABII » Topics » (7) Comprehensive Income

This excerpt taken from the ABII 10-Q filed May 15, 2008.

(7) Comprehensive Income

Elements of comprehensive income, net of income taxes, were as follows:

 

     Three Months
Ended March 31,
 
     2008     2007  
     (in thousands)  

Foreign currency translation adjustments

   $ 2,425     $ (73 )

Unrealized gain (loss) on marketable equity securities

     (2,494 )     499  
                

Other comprehensive income

     (69 )     426  

Net income (loss)

     4,309       (5,671 )
                

Comprehensive income (loss)

   $ 4,240     $ (5,245 )
                

At March 31, 2008 and 2007, we had cumulative foreign currency translation gain adjustments of $2.6 million and $0.2 million, respectively. In addition, at March 31, 2008, we had cumulative unrealized losses on marketable equity securities of $1.9 million. At March 31, 2007, we had cumulative unrealized gain on marketable securities of $1.0 million.

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