iOS Can someone please explain this chunk of code to me (encoding to base64)

// convert NSData to NSString
- (NSString*)base64forData:(NSData*)theData {
    const uint8_t* input = (const uint8_t*)[theData bytes];
    NSInteger length = [theData length];

    [B]//What is this for?[/B]
    static char table[] = "ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789+/=";

    [B]//What is ((length + 2) / 3) * 4 for?[/B]
    NSMutableData* data = [NSMutableData dataWithLength:((length + 2) / 3) * 4];
    uint8_t* output = (uint8_t*)data.mutableBytes;

    [B]//I have no clue what is going on in here, is he breaking the data up into chunks?[/B]
    NSInteger i;
    for (i=0; i < length; i += 3) {
        NSInteger value = 0;
        NSInteger j;
        for (j = i; j < (i + 3); j++) {
            value <<= 8;

            if (j < length) {
                value |= (0xFF & input[j]);
            }
        }

    [B]//I really don't understand what is going on in here either...[/B]
        NSInteger theIndex = (i / 3) * 4;
        output[theIndex + 0] =                    table[(value >> 18) & 0x3F];
        output[theIndex + 1] =                    table[(value >> 12) & 0x3F];
        output[theIndex + 2] = (i + 1) < length ? table[(value >> 6)  & 0x3F] : '=';
        output[theIndex + 3] = (i + 2) < length ? table[(value >> 0)  & 0x3F] : '=';
    }

    return [[[NSString alloc] initWithData:data encoding:NSASCIIStringEncoding] autorelease];
}