CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2013

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 12.  CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss) (“AOCI”) by component for the period ended March 31, 2013 are as follows:

	Three Months Ended March 31, 2013
	Foreign currency translation adjustment			Retirement plan related adjustment			Unrealized gain (loss) on cash flow hedges			Accumulated other comprehensive loss
	(in thousands)
Beginning balance, net of tax	$	36,830		$	(62,375	)	$	36		$	(25,509	)
Other comprehensive (loss) income before reclassifications	(5,059		)	2,012			(246		)	(3,293		)
Less income (loss) reclassified from AOCI	—			568			(90		)	478
Net other comprehensive (loss) income	(5,059		)	1,444			(156		)	(3,771		)
Income tax (benefit) expense	(462		)	(184		)	68			(578		)
Ending balance, net of tax	$	31,309		$	(61,115	)	$	(52	)	$	(29,858	)

Details about reclassification out of AOCI for the period ended March 31, 2013 are as follows:

	Three Months Ended March 31, 2013
Details of AOCI components	Amount reclassified from AOCI			Affected line item on the Consolidated Statement of Operations
	(in thousands)
Unrealized gain (loss) on cash flow hedges:
	$	(99	)	Sales
	9			Other expense
	(90		)	Total before tax
	18			Tax benefit
	$	(72	)	Net of tax
Retirement plan related adjustment:
Amortization of prior service cost	$	(167	)	(a)
Amortization of transition asset	(68		)	(a)
Amortization of actuarial loss	803			(a)
	568			Total before tax
	(42		)	Tax expense
	$	526		Net of tax

(a)  These AOCI components are included in the computation of net period pension and post retirement costs. See Note 7 - Pension and Post Retirement Plans for details.