OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2013

OTHER COMPREHENSIVE INCOME [Abstract]

Schedule of changes in other comprehensive income

The Company's changes in other comprehensive income for the three months ended March 31, 2013 and 2012 were as follows (in thousands):

	Three months ended March 31,
	2013							2012
	Gross Amount		Income Tax (Provision) Benefit			Net Amount		Gross Amount		Income Tax (Provision) Benefit			Net Amount
Pension and postretirement benefits (a):
Amortization of net actuarial loss	$	1,906	$	(729	)	$	1,177	$	1,601	$	(612	)	$	989
Actuarial gains		—		—			—		—		—			—
Foreign currency translation adjustments		205		—			205		295		—			295
Change in fair value of derivative instruments (b):
Unrealized gains		2,889		(1,012)			1,877		3,716		(1,306)			2,410
Reclassified to net earnings		(1,389)		486			(903)		(2,046)		716			(1,330)
Total	$	3,611	$	(1,255	)	$	2,356	$	3,566	$	(1,202	)	$	2,364

(a) Actuarial losses are amortized into costs of sales and operating expenses or selling, general and administrative expenses as appropriate. (See Note 12 – Retirement Plans)

(b) Reclassifications to net earnings of derivatives qualifying as effective hedges are recognized in interest expense or costs of sales and operating expenses as appropriate. (See Note 6 – Derivative Instruments)