Other Comprehensive Income

3 Months Ended

Mar. 31, 2012

Other Comprehensive Income

5) Other Comprehensive Income

The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income."

Components of other comprehensive income were as follows (in thousands):

	Three Months Ended
	Mar 31, 2012			Apr 2, 2011
Net earnings	$	22,095		$	17,825
Currency translation adjustment		5,985			559
Pension liability adjustment		(28	)		--
Unrealized gain on interest rate swaps, net of tax		42			74
Comprehensive income	$	28,094		$	18,458

Accumulated other comprehensive loss is comprised of unrecognized pension benefit costs of $7.6 million, net of taxes as of March 31, 2012 and December 31, 2011, cumulative foreign currency translation losses of $5.3 million and $11.2 million as of March 31, 2012 and December 31, 2011, respectively and an unrealized loss on interest rate swaps of $1.6 million and $1.7 million, net of taxes as of March 31, 2012 and December 31, 2011, respectively.