ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2011

Comprehensive Income [Abstract]

COMPREHENSIVE INCOME

20.       ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive loss as of December 31, 2011 and 2010 consisted of:

(In thousands)			Pre-tax		Deferred tax		Net of tax
2011			amount		(asset) liability		amount
Foreign currency translation adjustments		$	41,364	$	(1,596)	$	39,768
Pension and postretirement adjustments:
	Net actuarial (loss) gain		(165,008)		60,625		(104,383)
	Prior service costs		(547)		31		(516)
	Total pension and postretirement adjustments		(165,555)		60,656		(104,899)
Accumulated other comprehensive (loss) income		$	(124,191)	$	59,060	$	(65,131)
(In thousands)			Pre-tax		Deferred tax		Net of tax
2010			amount		liability		amount
Foreign currency translation adjustments		$	57,242	$	998	$	58,240
Pension and postretirement adjustments:
	Net actuarial (loss) gain		(93,984)		33,778		(60,206)
	Prior service costs		(1,016)		169		(847)
	Total pension and postretirement adjustments		(95,000)		33,947		(61,053)
Accumulated other comprehensive (loss) income		$	(37,758)	$	34,945	$	(2,813)

Other comprehensive income (loss) for the periods ending December 31, 2011, 2010 and 2009 were as follows:

(In thousands)			Pre-tax		Tax (expense)		Net of tax
2011			amount		benefit		amount
Foreign currency translation adjustments		$	(15,838)	$	(2,634)	$	(18,472)
Pension and postretirement adjustments:
	Net actuarial (loss) gain		(71,024)		26,847		(44,177)
	Prior service cost		469		(138)		331
	Total pension and postretirement adjustments		(70,555)		26,709		(43,846)
Other comprehensive (loss) income		$	(86,393)	$	24,075	$	(62,318)
(In thousands)			Pre-tax		Tax benefit		Net of tax
2010			amount		(expense)		amount
Foreign currency translation adjustments		$	28,716	$	2,867	$	31,583
Pension and postretirement adjustments:
	Net actuarial (loss) gain		(28,110)		8,908		(19,202)
	Prior service cost		7,306		(2,895)		4,411
	Total pension and postretirement adjustments		(20,804)		6,013		(14,791)
Other comprehensive income		$	7,912	$	8,880	$	16,792
(In thousands)			Pre-tax		Tax (expense)		Net of tax
2009			amount		benefit		amount
Foreign currency translation adjustments		$	40,586	$	(3,990)	$	36,596
Pension and postretirement adjustments:
	Net actuarial gain (loss)		29,712		(10,855)		18,857
	Prior service cost		(3,937)		1,430		(2,507)
	Total pension and postretirement adjustments		25,775		(9,425)		16,350
Other comprehensive income (loss)		$	66,361	$	(13,415)	$	52,946

As of January 1, 2010, one of the Corporation's Canadian entities changed its functional currency from the U.S. dollar to the Canadian dollar. The nature of this operation's cash flow changed from predominantlyU.S. dollar to the Canadian dollar, therefore requiring the change in functional currency. In accordance with the guidance on foreign currency translation, an adjustment of $18.6 million, attributable to current-rate translation of non-monetary assets, was recorded in the first quarter of 2010 to the currency translation account. This adjustment resulted in an increase to total comprehensive incomeand is reported within the “Foreign currency translation adjustments” caption above.