Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income

Comprehensive Income

Note 13 - Comprehensive Income

Comprehensive income is a measure of net income and all other changes in equity that result from transactions other than those with shareholders. Comprehensive income consists of net income, unrealized gains and losses from securities available for sale, foreign currency translation adjustments and losses from non-controlling interests.

Comprehensive income for periods indicated consisted of the following (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Net income	$	44,485		$	14,561		$	65,581		$	21,956
Foreign currency translation gain (loss)		3			(39	)		35			46
Unrealized loss from securities available for sale, net of tax		(231	)		(167	)		(262	)		(295	)
Reclassification adjustment for impairment losses on securities available for sale, net of tax, previously recorded in other comprehensive income		—			251			—			251
Reversal of unrealized losses on redeemed security, net of tax		285			—			285			—
Comprehensive income	$	44,542		$	14,606		$	65,639		$	21,958
Comprehensive net loss attributable to non-controlling interests		(9	)		(40	)		(18	)		(55	)
Comprehensive income attributable to MasTec	$	44,551		$	14,646		$	65,657		$	22,013

Accumulated other comprehensive losses of $6.1 million and $6.2 million as of June 30, 2011 and December 31, 2010, respectively, are primarily attributable to unrealized losses and the corresponding income tax effects associated with the Company's investments in securities available for sale. See Note 7 – Securities Available for Sale.