Translation Adjustments

12 Months Ended

Dec. 31, 2011

Translation Adjustments [Abstract]

Translation Adjustments

16. Translation Adjustments

The Consolidated Statements of Cash Flows were affected by translation as follows:

(in thousands)	2011	2010	2009
Change in cumulative translation adjustments	($13,070)	($10,208)	$36,972
Other noncurrent liabilities	(1,209)	877	4,366
Deferred taxes	1,204	2,562	(4,767)
Accounts receivable	4,284	2,066	(8,187)
Inventories	2,756	(218)	(8,014)
Investments in associated companies	84	136	1,332
Property, plant and equipment, net	2,789	(8,626)	(24,035)
Goodwill and intangibles	2,449	4,665	(4,013)
Other	(2,660)	(539)	4,821
Effect of exchange rate changes	($3,373)	($9,285)	($1,525)

The 2009 change in cumulative translation adjustments excludes an impairment provision of $1.4 million related to a joint venture investment located in South Africa.

The change in cumulative translation adjustments includes the following:

(in thousands)	2011	2010	2009
Translation of non-U.S. subsidiaries	($17,061)	$17,364	$1,282
Gain/(loss) on long-term intercompany loans	3,991	(27,572)	35,690
Effect of exchange rate changes	($13,070)	($10,208)	$36,972