This excerpt taken from the WBMD 10-K filed Mar 16, 2006.
The financial statements and transactions of the Companys foreign facilities are maintained in their local currency. In accordance with SFAS No. 52, Foreign Currency Translation, the translation of foreign currencies into United States dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for revenue and expense accounts using average exchange rates during the current year. The gains or losses resulting from translation are included as a component of accumulated other comprehensive income within stockholders equity and were not material in any of the periods presented. Foreign currency transaction gains and losses are included in net income (loss) and were not material in any of the periods presented.