Note 15. Comprehensive Income Presentation:
Effective January 1, 2012 MEDITECH adopted the provisions of ASU 2011-05, Presentation of Comprehensive Income, which establishes standards for reporting comprehensive income and its components in financial statements. Comprehensive income is the total of net income and all other non-owner changes in equity including items such as net unrealized gains or losses on marketable securities classified as available for sale, foreign currency translation adjustments and minimum pension liability adjustments. In MEDITECH’s case net income plus the change in net unrealized security gains or losses is shown as comprehensive income in the income statement.
|Change in unrealized gains||$13,961,060||$17,642,621||$13,711,490|
|Reclassification of realized gains||(3,411,936)|| ||(3,871,475)|
|Change in net unrealized gains||$10,549,124||$17,642,621||$9,840,015|