Accumulated Other Comprehensive Income
Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances from non-owner sources. The components of accumulated other comprehensive income are as follows:
|
| | | | | | | |
(In thousands) | 2013 | | 2012 |
Accumulated unrealized gains on available-for-sale securities, net of tax | $ | 10,519 |
| | $ | 8,916 |
|
Accumulated unrealized losses on hedging transactions, net of tax | (1,368 | ) | | (3,101 | ) |
Accumulated cumulative translation adjustment | (491 | ) | | 1,449 |
|
Accumulated other comprehensive income | $ | 8,660 |
| | $ | 7,264 |
|
The related tax effects of other comprehensive income (loss) were not material for all periods presented.
