13. ACCUMULATED OTHER COMPREHENSIVE INCOME
Accumulated other comprehensive income includes cumulative foreign currency translation adjustments and net of tax, gains and losses on investment securities. The change in the accumulated translation adjustments for fiscal 2013 and 2012, primarily resulted from the impact of changes in the Brazilian real, the Japanese yen, the British pound, the Australian dollar, and the Polish zloty in relation to the U.S. dollar on the net assets of Legg Mason's subsidiaries in Brazil, Japan, the United Kingdom, Australia and Poland, for which the real, the yen, the pound, the Australian dollar, and the zloty are the functional currencies, respectively.
A summary of Legg Mason's accumulated other comprehensive income as of March 31, 2013 and 2012, is as follows:
|
| | | | | | | | |
| | 2013 | | 2012 |
Foreign currency translation adjustment | | $ | 47,259 |
| | $ | 71,204 |
|
Unrealized gains on investment securities, net of tax provision of $187 and $179, respectively | | 280 |
| | 268 |
|
Total | | $ | 47,539 |
| | $ | 71,472 |
|
There were no significant amounts reclassified from Accumulated other comprehensive income to the Consolidated Statements of Income (Loss) for the years ended March 31, 2013, 2012 or 2011.
