COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2011

COMPREHENSIVE INCOME [Abstract]

COMPREHENSIVE INCOME

(11)       COMPREHENSIVE INCOME

The following table sets forth comprehensive income (loss) for the periods indicated (amounts in thousands):

			Three Months Ended September 30,				Nine Months Ended September 30,
			2011		2010		2011		2010
Net income			$	26,435	$	19,788	$	61,030	$	48,154
Foreign currency translation adjustment				(16,612)		12,705		(9,731)		6,373
Derivatives valuation, net of tax				(3,834)		3,294		(10,414)		2,257
Other				113		48		334		(151)
	Total comprehensive income			6,102		35,835		41,219		56,633
Comprehensive income attributable to
	noncontrolling interest			(697)		(1,357)		(2,604)		(2,867)
	Comprehensive income attributable to
		TeleTech	$	5,405	$	34,478	$	38,615	$	53,766

The following table reconciles equity attributable to noncontrolling interest (amounts in thousands):

		Nine Months Ended September 30,
		2011		2010
Noncontrolling interest, January 1		$	11,092	$	5,478
Net income attributable to noncontrolling interest			2,969		2,795
Dividends distributed to noncontrolling interest			(2,783)		(3,015)
Foreign currency translation adjustments			(365)		72
	Noncontrolling interest, September 30	$	10,913	$	5,330