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COMPREHENSIVE INCOME
6 Months Ended
Oct. 01, 2011
COMPREHENSIVE INCOME
6. COMPREHENSIVE INCOME
Comprehensive income is the total of net income and all other non-owner changes in stockholders’ equity. Other non-owner changes are primarily foreign currency translation, the change in our net minimum pension liability, and the changes in fair value of the effective portion of our outstanding cash flow hedge contracts.
A summary of the components of other comprehensive income is as follows:
                 
    Three Months Ended  
(in thousands)   October 1, 2011     October 2, 2010  
Net income
  $ 13,880     $ 21,338  
 
               
Other comprehensive income:
               
Net change in minimum pension liability, net of tax
          27  
Foreign currency translation
    (2,447 )     7,481  
Unrealized loss on cash flow hedges, net of tax
    (1,566 )     (4,519 )
Reclassifications into earnings of cash flow hedge losses, net of tax
    1,259       149  
 
           
Total comprehensive income
  $ 11,126     $ 24,476  
 
           
                 
    Six Months Ended  
(in thousands)   October 1, 2011     October 2, 2010  
Net income
  $ 30,828     $ 39,257  
 
               
Other comprehensive income:
               
Net change in minimum pension liability, net of tax
    (21 )     (22 )
Foreign currency translation
    (742 )     3,234  
Unrealized loss on cash flow hedges, net of tax
    (2,889 )     (4,069 )
Reclassifications into earnings of cash flow hedge losses, net of tax
    2,896       118  
 
           
Total comprehensive income
  $ 30,072     $ 38,518