This excerpt taken from the PBI 10-Q filed Nov 7, 2008.
12. Comprehensive (Loss) Income
Comprehensive (loss) income for the three and nine months ended September 30, 2008 and 2007 are as follows:
(1) Includes a net deferred translation loss of $13.7 million and a net gain of $2.3 million for the three months ended September 30, 2008 and 2007, respectively. For the nine months ended September 30, 2008 and 2007, a net loss of $3.7 million and a net gain of $15.3 million, respectively, were recorded. These amounts are associated with inter-company loans denominated in a foreign currency that have been designated as a hedge of net investment.