Comprehensive Income

3 Months Ended

Mar. 31, 2014

Comprehensive Income

Comprehensive Income

Note J – Comprehensive Income

Comprehensive income for a period encompasses net income and all other changes in equity other than from transactions with our stockholders.  Our comprehensive income was as follows:

	Three Months Ended March 31,
In thousands	2014			2013
Net income	$	1,845		$		6,667
Other comprehensive income (loss):
Adjustment to pension liability	921			1,672
Tax expense	(368		)	(669			)
Adjustment to pension liability, net of tax	553			1,003
Foreign currency translation adjustment	186			(1,130			)
Total other comprehensive income (loss)	739			(127			)
Total comprehensive income	$	2,584		$	6,540

Changes in accumulated other comprehensive income by component are as follows:

In thousands	Defined Benefit Pension Items			Foreign Currency Items		Total
Balance at December 31, 2013	$	(32,279	)	$	4,161	$	(28,118	)
Other comprehensive (loss), net of tax,
before reclassifications	0			186		186
Amounts reclassified from accumulated other
comprehensive income, net of tax	553			0		553
Net current period other comprehensive income (loss),
net of tax	553			186		739
Balance at March 31, 2014	$	(31,726	)	$	4,347	$	(27,379	)

In thousands	Defined Benefit Pension Items			Foreign Currency Items			Total
Balance at December 31, 2012	$	(54,431	)	$	4,697		$	(49,734	)
Other comprehensive income (loss), net of tax,
before reclassifications	0			(1,130		)	(1,130		)
Amounts reclassified from accumulated other
comprehensive income, net of tax	1,003			0			1,003
Net current period other comprehensive income (loss),
net of tax	1,003			(1,130		)	(127		)
Balance at March 31, 2013	$	(53,428	)	$	3,567		$	(49,861	)

Reclassification amounts related to the defined pension plans are included in the computation of net period pension benefit cost (see Note G, Components of Net Periodic Pension Benefit Cost).