Comprehensive Income

6 Months Ended

Jun. 30, 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 June 30,
In thousands	2014		2013
Net income	$	5,637	$	8,309
Other comprehensive income (loss):
Adjustment to pension liability	840		1,672
Tax expense	(336)		(669)
Adjustment to pension liability, net of tax	504		1,003
Foreign currency translation adjustment	420		(589)
Total other comprehensive income (loss)	924		414
Total comprehensive income	$	6,561	$	8,723
	Six Months Ended June 30,
In thousands	2014		2013
Net income	$	7,482	$	14,977
Other comprehensive income (loss):
Adjustment to pension liability	1,760		3,344
Tax expense	(704)		(1,338)
Adjustment to pension liability, net of tax	1,056		2,006
Foreign currency translation adjustment	607		(1,719)
Total other comprehensive income (loss)	1,663		287
Total comprehensive income	$	9,145	$	15,264

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 income, net of tax, before reclassifications	-		607		607
Amounts reclassified from accumulated other comprehensive income, net of tax	1,056		-		1,056
Net current period other comprehensive income, net of tax	1,056		607		1,663
Balance at June 30, 2014	$	(31,223)	$	4,768	$	(26,456)

In thousands	Defined Benefit Pension Items		Foreign Currency Items		Total
Balance at December 31, 2012	$	(54,431)	$	4,697	$	(49,734)
Other comprehensive (loss), net of tax, before reclassifications	-		(1,719)		(1,719)
Amounts reclassified from accumulated other comprehensive income, net of tax	2,006		-		2,006
Net current period other comprehensive income (loss), net of tax	2,006		(1,719)		287
Balance at June 30, 2013	$	(52,425)	$	2,978	$	(49,447)

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).