CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2013

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 14.  CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended June 30, 2013 are as follows:

	Three Months Ended June 30, 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	$	31,309	$	(61,115	)	$	(52	)	$	(29,858	)
Other comprehensive income before reclassifications	215		1,048			138			1,401
Less income reclassified from AOCI	—		564			80			644
Net other comprehensive (loss) income	215		484			58			757
Income tax benefit (expense)	322		(26		)	(52		)	244
Ending balance, net of tax	$	31,846	$	(60,657	)	$	(46	)	$	(28,857	)

Changes in accumulated other comprehensive income (loss) (“AOCI”) by component for the six months ended June 30, 2013 are as follows:

	Six Months Ended June 30, 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	(4,844		)	3,060			(108		)	(1,892		)
Less income (loss) reclassified from AOCI	—			1,132			(10		)	1,122
Net other comprehensive (loss) income	(4,844		)	1,928			(98		)	(3,014		)
Income tax (expense) benefit	(140		)	(210		)	16			(334		)
Ending balance, net of tax	$	31,846		$	(60,657	)	(46		)	(28,857		)

Details about reclassification out of AOCI for the three months ended June 30, 2013 are as follows:

	Three Months Ended June 30, 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:
	$	55		Sales
	25			Other expense
	80			Total before tax
	(13		)	Tax expense
	$	67		Net of tax
Retirement plan related adjustment:
Amortization of prior service cost	$	(165	)	(a)
Amortization of transition asset	(67		)	(a)
Amortization of actuarial loss	796			(a)
	564			Total before tax
	(42		)	Tax expense
	$	522		Net of tax

Details about reclassification out of AOCI for the six months ended June 30, 2013 are as follows:

	Six Months Ended June 30, 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:
	$	(44	)	Sales
	34			Other expense
	(10		)	Total before tax
	5			Tax benefit
	$	(5	)	Net of tax
Retirement plan related adjustment:
Amortization of prior service cost	$	(332	)	(a)
Amortization of transition asset	(135		)	(a)
Amortization of actuarial loss	1,599			(a)
	1,132			Total before tax
	(85		)	Tax expense
	$	1,047		Net of tax

(a)  These AOCI components are included in the computation of net period pension and post retirement costs. See Note 9 - Pension and Post Retirement Plans for details.