Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

13.   Accumulated Other Comprehensive (loss) income

The components of accumulated other comprehensive (loss) income follow:

	Foreign currency translation adjustment			Net prior service credit and actuarial losses			Total
Balances, December 31, 2010	$	280,964		$	(1,156,120	)	$	(875,157	)
Change in net prior service credit
and actuarial losses, net of tax					66,691			66,691
Translation adjustment		(229,853	)					(229,853	)
Balances, December 31, 2011	$	51,111		$	(1,089,429	)	$	(1,038,319	)
Change in net prior service credit
and actuarial losses, net of tax					57,191			57,191
Translation adjustment		194,235						194,235
Balances, December 31, 2012	$	245,346		$	(1,032,238	)	$	(786,893	)

The carrying value of the Company’s bank debt is a reasonable estimate of fair value because of its short term nature. The carrying value of the Company’s note receivable approximates fair value. Fair value was determined using a discounted cash flow analysis.