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Other Comprehensive Income
6 Months Ended
Jun. 30, 2012
Other Comprehensive Income  
Other Comprehensive Income

12.       Other Comprehensive Income

 

Comprehensive income (loss) refers to revenues, expenses, gains and losses that under GAAP are included in other comprehensive income, but excluded from net income as these amounts are recorded directly as an adjustment to shareholders’ equity, net of tax. The Company’s other comprehensive income is composed primarily of foreign currency translation adjustments, changes in the funded status of defined benefit pension plans and changes in the fair value of derivatives that have been designated as cash flow hedges. The following is a summary of comprehensive income (in millions):

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Consolidated net income

 

$

9.9

 

$

22.6

 

$

25.0

 

$

34.3

 

Foreign currency translation adjustments

 

(34.7

)

33.2

 

(15.9

)

61.3

 

Unrealized losses on interest rate swap:

 

 

 

 

 

 

 

 

 

Unrealized holding losses arising during the period

 

 

(0.2

)

(0.2

)

(0.3

)

Less reclassification adjustments for settlements included in the determination of net income

 

0.4

 

0.5

 

0.9

 

1.0

 

Pension liability adjustments

 

0.9

 

(1.7

)

0.3

 

(2.1

)

Net comprehensive income (loss)

 

(23.5

)

54.4

 

10.1

 

94.2

 

Less: Comprehensive income (loss) attributable to noncontrolling interests

 

 

0.6

 

0.1

 

1.1

 

Comprehensive income (loss) attributable to Bruker Corporation

 

$

(23.5

)

$

53.8

 

$

10.0

 

$

93.1