9. Accumulated Other Comprehensive Income

The Company adopted the provisions of Accounting Standards Update 2013-02 for the first quarter of 2013, which requires enhanced disclosures of Accumulated Other Comprehensive Income.

The table below presents changes in the components of Accumulated Other Comprehensive Income for the period December 31, 2012 to March 31, 2013:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income

Balance, December 31, 2012	($7,659	)	($69,484	)	($2,878	)	($80,021	)

Other comprehensive income before reclassifications	(11,288	)	666		279		(10,343	)
Transfers of pension and postretirement liability adjustments to income statement, net of tax			503		-		503
Net current period other comprehensive income	(11,288	)	1,169		279		(9,840	)

Balance, March 31, 2013	($18,947	)	($68,315	)	($2,599	)	($89,861	)

The only component of our Accumulated Other Comprehensive Income that is reclassified to the Statement of Income relates to our pension and postretirement plans. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected.

For the three months ended March 31, 2013	Expense/(income)
(in thousands)	2013

Pretax amounts reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service cost/(credit)	($908	)
Amortization of transition obligation	17
Amortization of net actuarial loss	1,664
Total pretax amount reclassified	773

Income tax effect	(270	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$503