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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Derivative Instruments [Abstract]  
Fair Value Of Outstanding Derivative Contracts Recorded As Assets
          December 31,  

(Dollars in thousands)

  

Balance Sheet Locations

   2011      2010  

Derivatives designated as hedging instruments under ASC 815:

        

Foreign exchange contracts

   Other current assets    $ 694       $ 321   

Natural gas contracts

   Other current assets      —           2   

Foreign exchange contracts

   Other assets      94         —     

Currency swap

   Other assets      —           37   

Natural gas contracts

   Other assets      —           6   
     

 

 

    

 

 

 

Total derivatives designated as hedging instruments under ASC 815

        788         366   
     

 

 

    

 

 

 

Derivatives not designated as hedging instruments under ASC 815:

        

Foreign exchange contracts

   Other current assets      15         34   
     

 

 

    

 

 

 

Total asset derivatives

      $ 803       $ 400   
     

 

 

    

 

 

 
Fair Value Of Outstanding Derivative Contracts Recorded As Liabilities
          December 31,  

(Dollars in thousands)

  

Balance Sheet Locations

   2011      2010  

Derivatives designated as hedging instruments under ASC 815:

        

Foreign exchange contracts

   Accounts payable and accrued liabilities    $ 309       $ 243   

Natural gas contracts

   Accounts payable and accrued liabilities      1,286         1,608   

Foreign exchange contracts

   Accrued pension and other liabilities      26         34   

Natural gas contracts

   Accrued pension and other liabilities      209         509   
     

 

 

    

 

 

 

Total derivatives designated as hedging instruments under ASC 815

        1,830         2,394   
     

 

 

    

 

 

 

Derivatives not designated as hedging instruments under ASC 815:

        

Foreign exchange contracts

   Accounts payable and accrued liabilities      140         59   
     

 

 

    

 

 

 

Total liability derivatives

      $ 1,970       $ 2,453   
     

 

 

    

 

 

 
Changes In Accumulated OCI Relating To Derivative Assets And Liabilities
     December 31  

(Dollars in thousands)

   2011     2010  

Accumulated OCI derivative loss at January 1

   $ 2,526      $ 3,195   

Effective portion of changes in fair value

     1,269        826   

Reclassifications from accumulated OCI derivative gain to earnings

     (2,361     (1,322

Foreign currency translation

     (75     (173
  

 

 

   

 

 

 

Accumulated OCI derivative loss at December 31

   $ 1,359      $ 2,526   
  

 

 

   

 

 

 

Derivatives in ASC 815 Cash Flow Hedging Relationships

 

     Amount of (Gain) or Loss
Recognized in OCI on Derivatives
(Effective Portion)

December 31,
 

(Dollars in thousands)

   2011      2010     2009  

Foreign Exchange Contracts

   $ 22       $ (994   $ 1,261   

Currency Swap

     —           —          (506

Natural Gas Contracts

     1,247         1,820        2,414   
  

 

 

    

 

 

   

 

 

 

Total

   $ 1,269       $ 826      $ 3,169   
  

 

 

    

 

 

   

 

 

 

 

Derivatives in ASC 815 Cash Flow Hedging Relationships

 

    

Location of Gain or
(Loss) Recognized in

Income on Derivatives

   Amount of Gain or (Loss)
Reclassified from Accumulated
OCI in Income (Effective Portion)
December 31,
 

(Dollars in thousands)

      2011     2010     2009  

Foreign Exchange Contracts

   Cost of products sold    $ (290   $ 465      $ 1,038   

Currency Swap

   Interest expense      —          (121     (35

Natural Gas Contracts

   Cost of products sold      (2,071     (1,666     (2,132
     

 

 

   

 

 

   

 

 

 

Total

      $ (2,361   $ (1,322   $ (1,129
     

 

 

   

 

 

   

 

 

 

Derivatives in ASC 815 Cash Flow Hedging Relationships

 

    

Location of

Loss Recognized in

Income on Derivatives

   Amount of Loss
Recognized in Income
on Derivatives
(Ineffective Portion and
Amount Excluded from
Effectiveness Testing)
December 31,
 

(Dollars in thousands)

      2011     2010     2009  

Foreign Exchange Contracts

   Other expense – net    $ (75   $ (6   $ (20
     

 

 

   

 

 

   

 

 

 

Total

      $ (75   $ (6   $ (20
     

 

 

   

 

 

   

 

 

 
Outstanding Derivative Contracts That Were Entered Into To Hedge Forecasted Transactions
     December 31,  

(in thousands except for mmbtu)

   2011      2010      2009  

Natural gas contracts (mmbtu)

     700,000         985,000         1,070,000   

Foreign exchange contracts

   $ 35,304       $ 20,727       $ 14,552   

Currency swap

   $ —         $ —         $ 3,646   
Fair Value Gains And Losses On Contracts Recorded In Earnings
     Location of Loss
Recognized in

Income on Derivatives
   Amount of Loss
Recognized in Income on
Derivatives
December 31,
 

(Dollars in thousands)

      2011     2010     2009  

Foreign Exchange Contracts *

   Other expense – net    $ (189   $ (234   $ (294
     

 

 

   

 

 

   

 

 

 

Total

      $ (189   $ (234   $ (294
     

 

 

   

 

 

   

 

 

 

 

* As of December 31, 2011, 2010 and 2009, these foreign exchange contracts were entered into and settled during the respective periods.