Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

The difference between comprehensive income and net income was due to foreign currency translation adjustments and pension and other post-retirement benefit adjustments, as summarized below:


	Three months Ended March 31,
	2013			2012
	(in thousands)
Net income	$	144,389		$	146,255
Other comprehensive (loss) income:
Foreign currency translation		(8,220	)		18,677
Pension and other post-retirement benefit adjustments:
Recognition of prior service credit, net of tax		(1,323	)		(1,239	)
Recognition of actuarial loss, net of tax		13,101			11,081

Total other comprehensive income		3,558			28,519

Comprehensive income	$	147,947		$	174,774

Changes in Accumulated Other Comprehensive Loss by Component

The following table presents the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2013:


	Changes in Accumulated Other Comprehensive Loss by Component
	Pension and Other Post- Retirement Benefits			Foreign Currency Items			Total
	(in thousands)
Beginning balance, January 1, 2013	$	(632,576	)	$	131,084		$	(501,492	)
Other comprehensive loss before reclassifications, net of tax		—			(8,220	)		(8,220	)
Amounts reclassified from accumulated other comprehensive loss, net of tax		11,778			—			11,778

Net current period other comprehensive income (loss)		11,778			(8,220	)		3,558

Ending balance, March 31, 2013	$	(620,798	)	$	122,864		$	(497,934	)

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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