LMAT » Topics » 11. Comprehensive Income (Loss)

These excerpts taken from the LMAT 10-K filed Mar 31, 2009.

Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Other than reported net income (loss), comprehensive income (loss) includes foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities, which are disclosed in the accompanying consolidated statements of stockholders’ equity and comprehensive income (loss).

As of December 31, 2008, accumulated other comprehensive loss consisted of unrealized losses on available-for-sale securities of $91,000 and foreign currency translation adjustment losses of $181,000. As of December 31, 2007, accumulated other comprehensive income consisted of unrealized gains on available-for-sale securities of $88,000 and foreign currency translation adjustment gains of $203,000.

Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Other than reported net income (loss), comprehensive income (loss) includes foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities, which are disclosed in the accompanying consolidated statements of stockholders’ equity and comprehensive income (loss).

As of December 31, 2008, accumulated other comprehensive loss consisted of unrealized losses on available-for-sale securities of $91,000 and foreign currency translation adjustment losses of $181,000. As of December 31, 2007, accumulated other comprehensive income consisted of unrealized gains on available-for-sale securities of $88,000 and foreign currency translation adjustment gains of $203,000.

Comprehensive Income (Loss)

FACE="Times New Roman" SIZE="2">SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive
income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Other than reported net income (loss), comprehensive income (loss) includes
foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities, which are disclosed in the accompanying consolidated statements of stockholders’ equity and comprehensive income (loss).

As of December 31, 2008, accumulated other comprehensive loss consisted of unrealized losses on available-for-sale securities of
$91,000 and foreign currency translation adjustment losses of $181,000. As of December 31, 2007, accumulated other comprehensive income consisted of unrealized gains on available-for-sale securities of $88,000 and foreign currency translation
adjustment gains of $203,000.

This excerpt taken from the LMAT 10-K filed Mar 31, 2008.

Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Other than reported net income (loss), comprehensive income (loss) includes foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities, which are disclosed in the accompanying consolidated statements of stockholders’ equity and comprehensive income (loss). We present comprehensive income (loss) in our consolidated statements of stockholders’ equity.

Accumulated other comprehensive income as of December 31, 2007, consisted of unrealized gains on available-for-sale securities of $88,000 and foreign currency translation adjustments of $203,000; and as of December 31, 2006, consisted of unrealized losses on available-for-sale securities of $6,000 and foreign currency translation adjustments of $79,000.

This excerpt taken from the LMAT 10-Q filed Nov 13, 2007.

11. Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources, such as foreign currency translation adjustments and unrealized gains and losses on available-for-sale securities. Total comprehensive income (loss) for the three and nine months ended September 30, 2007 and 2006, was as follows:

 

     Three Months Ended
September 30
   Nine Months Ended
September 30
 
     2007     2006    2007     2006  
     (in thousands)    (in thousands)  

Net income (loss)

   $ (1,354 )   $ 221    $ (1,756 )   $ (498 )

Unrealized gain on available-for-sales securities

     25       —        3       —    

Foreign currency translation adjustment

     30       70      47       105  
                               

Total comprehensive income (loss)

   $ (1,299 )   $ 291    $ (1,706 )   $ (393 )
                               
This excerpt taken from the LMAT 10-Q filed Aug 14, 2007.

11. Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources such as foreign currency translation adjustments and unrealized gains and losses on available-for-sale securities. Total comprehensive income (loss) for the three and six months ended June 30, 2007 and 2006, was as follows:

 

     Three Months Ended
June 30
    Six Months Ended
June 30
 
     2007     2006     2007     2006  
     (in thousands)     (in thousands)  

Net income (loss)

   $ 227     $ (1,089 )   $ (402 )   $ (719 )

Unrealized loss on available-for-sales securities

     (44 )     —         (23 )     —    

Foreign currency translation adjustment

     (27 )     21       18       35  
                                

Total comprehensive income (loss)

   $ 156     $ (1,068 )   $ (407 )   $ (684 )
                                
This excerpt taken from the LMAT 10-Q filed May 14, 2007.

9. Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources such as foreign currency translation adjustments and unrealized gains and losses on available-for-sale securities. Total comprehensive income (loss) for the three months ended March 31, 2007 and 2006, was as follows:

 

     Three Months Ended
March 31
     2007     2006
     (in thousands)

Net income (loss)

   $ (629 )   $ 370

Unrealized gain on available-for-sales securities

     15       0

Foreign currency translation adjustment

     51       14
              

Total comprehensive income (loss)

   $ (563 )   $ 384
              
This excerpt taken from the LMAT 10-K filed Mar 30, 2007.

Comprehensive Income (Loss)

SFAS No. 130, Reporting Comprehensive Income, establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. Other than reported net income (loss), comprehensive income (loss) includes foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities, which are disclosed in the accompanying consolidated statements of stockholders’ equity and comprehensive income (loss).

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