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Currency Translation And Transaction Adjustments
12 Months Ended
Dec. 31, 2013
Currency Translation And Transaction Adjustments [Abstract]  
Currency Translation And Transaction Adjustments

11. CURRENCY TRANSLATION AND TRANSACTION ADJUSTMENTS

All assets and liabilities of foreign operations in which the functional currency is not the U.S. dollar are translated into U.S. dollars at prevailing rates of exchange in effect at the balance sheet date. Revenues and expenses are translated using average rates of exchange for the year. Adjustments resulting from the process of translating the financial statements of foreign subsidiaries into U.S. dollars are reported as a separate component of shareholders’ equity, net of tax, where appropriate.

 

Foreign currency transaction amounts included in the consolidated statements of operations include a loss of $42, $177, and $17 in 2013, 2012 and 2011.