Note 3 - Comprehensive income

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss) Note [Text Block]

Note 3 – Comprehensive income

Comprehensive income consists of the following:

 

	Three months ended					Six months ended
	June 30,					June 30,
	2010			2011		2010			2011
Net income	$	7,306		$	8,680	$	14,625		$	17,675
Other comprehensive income:
Pension liability, net of
income tax		207			266		414			497
Cash flow hedging gain (loss),
net of income tax		858			271		1,464			(775	)
Foreign currency
translation adjustment		(5,786	)		1,585		(7,354	)		5,429
Comprehensive income	$	2,585		$	10,802	$	9,149		$	22,826

Accumulated other comprehensive income (loss) consists of the following:

									Accumulated
	Cash Flow						Cumulative		Other
	Hedging			Pension			Translation		Comprehensive
	Loss			Liability			Adjustments		Income (loss)
Balance, December 31, 2010	$	(1,245	)	$	(18,482	)	$	3,866	$	(15,861	)
Pension liability,
net of income tax		-			497			-		497
Cash flow hedging loss,
net of income tax		(775	)		-			-		(775	)
Foreign currency translation
adjustments		-			-			5,429		5,429
Balance, June 30, 2011	$	(2,020	)	$	(17,985	)	$	9,295	$	(10,710	)