Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income [Abstract]

Comprehensive Income

13. Comprehensive Income

Comprehensive income includes net income and changes in the components of accumulated other comprehensive income during the periods presented.  The Company’s comprehensive income is as follows (in thousands of dollars):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Net earnings	$	18,451		$	10,591		$	30,851		$	16,583
Other comprehensive income, before tax:
Foreign currency translation adjustments		989			(3,856	)		3,674			(4,957	)
Defined benefit pension plans:
Amortization of prior service cost included in net periodic benefit cost		236			197			473			393
Amortization of unrecognized net loss included in net periodic benefit cost		1,049			628			1,958			1,856
Net (loss) gain arising during period		(3,565	)		3,634			(3,565	)		3,634
Total defined benefit pension plans		(2,280	)		4,459			(1,134	)		5,883
Defined benefit postretirement plans:
Amortization of prior service cost included in net periodic benefit cost		13			13			25			26
Amortization of unrecognized net gain included in net periodic benefit cost		(50	)		(111	)		(111	)		(146	)
Net (loss) gain arising during period		(245	)		1,942			(245	)		1,942
Total defined benefit postretirement plans		(282	)		1,844			(331	)		1,822
Total other comprehensive (loss) income, before tax		(1,573	)		2,447			2,209			2,748
Income tax benefit (expense) related to items of other comprehensive income		948			(2,332	)		542			(2,851	)
Total other comprehensive (loss) income, net of tax		(625	)		115			2,751			(103	)
Total comprehensive income	$	17,826		$	10,706		$	33,602		$	16,480

Accumulated other comprehensive income (loss) in the consolidated balance sheet consists of the following (in thousands of dollars):

			Defined			Defined			Accumulated
	Foreign		Benefit			Benefit			Other
	Currency		Pension			Postretirement			Comprehensive
	Translation		Plans			Plans			Loss
Balance, Dec. 31, 2010	$	5,077	$	(43,372	)	$	1,649		$	(36,646	)
Current-period change		3,674		(714	)		(209	)		2,751
Balance, June 30, 2011	$	8,751	$	(44,086	)	$	1,440		$	(33,895	)